Form 8-K Filing by SpringBig Holdings, Inc.

On May 15, 2026, SpringBig Holdings, Inc. received a notice from its principal noteholders, Shalcor Management, Inc. and Lightbank II, L.P., suspending the company's rights related to its equity interests in its subsidiary, SpringBig Inc. This action followed a previous Notice of Default. Consequently, Jaret Christopher was removed as CEO and director of the subsidiary, with Coley Brown appointed interim CEO and Ivona Smith appointed as a director. While the noteholders have not yet accelerated repayment, the company has limited access to financial resources, impacting its ability to continue operations. The noteholders have exercised their rights over the company's pledged securities.