Todd Schuh reported beneficial ownership of 5,242,393 shares of SBIG Holdings, Inc. common stock, equal to 10.7% of the class. He reported sole voting and dispositive power over 5,242,393 shares, with shared voting and dispositive power of 0 shares. The reported total includes 6,666 shares held in custodial accounts for the benefit of his minor children; he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest. The 10.7% calculation is based on 48,795,266 shares outstanding, as reported by SBIG Holdings.
SpringBig Holdings, Inc. (SBIG) reported that Chief Executive Officer and director Andrew Jay Glashow received a grant of 3,750,000 shares of Series A Preferred Stock on September 16, 2026. Each preferred share is linked to one share of common stock and converts automatically upon transfer or when his service ends.
SpringBig Holdings, Inc. (SBIG) reported an initial ownership filing for Andrew Jay Glashow, who serves as both director and Chief Executive Officer. As of July 10, 2026, he holds Series A Preferred Stock directly, which is convertible into 3,750,000 shares of Common Stock on a one-for-one basis. Each share of Series A Preferred Stock automatically converts into Common Stock upon transfer by the holder or if the holder is no longer a director or employee, and there is no stated conversion price.
SBIG Holdings, Inc. (SBIG), formerly SpringBig Holdings, Inc., changed its corporate name and created a new Series A Preferred Stock class with significant voting rights. A Certificate of Amendment filed on September 16, 2026, changed the name to SBIG Holdings, Inc. and a Certificate of Designation authorized 5,000,000 Series A Preferred shares.
The Series A Preferred Stock ranks pari passu with other stock for dividends and liquidation, receives dividends ratably with common stock, and votes together with common stock but carries 25 votes per share. Each preferred share automatically converts into one common share upon transfer or when the holder ceases to be a director or employee. The board also reduced the stockholder meeting quorum in the bylaws from a majority to one-third of voting power and approved inducement compensation, including 3,750,000 Series A Preferred shares plus $10,000 per month cash to CEO Andrew Glashow and 250,000 Series A Preferred shares plus $5,000 per month cash to each non-employee director, contingent on the effectiveness of the Certificate of Designation.
SpringBig Holdings, Inc. (SBIG) reported a shrinking software business for the quarter ended June 30, 2026 and, after a July 2026 reorganization, no longer owns its prior operating subsidiary SpringBig, Inc. Net revenue fell to $4.4 million from $5.8 million year over year, while gross margin compressed to about 65% as messaging and platform costs consumed a larger share of sales. Aggressive cost cuts reduced operating expenses 43%, leaving operating loss nearly breakeven at $19 thousand, but heavy default-rate interest on secured notes drove a net loss of $2.4 million.
Liquidity remains very weak: cash was $0.3 million and working capital deficit $15.5 million, leading management to state substantial doubt about SBIG’s ability to continue as a going concern. Subsequent to quarter-end, SBIG transferred all equity in SpringBig, Inc. to a creditor affiliate, was released from about $12.5 million of secured debt and accrued interest, and received roughly $172 thousand in cash. The company is now effectively a reporting shell evaluating strategic business combinations; if it cannot complete a transaction, it expects it will likely liquidate and wind up its affairs.
SpringBig Holdings, Inc. (SBIG) reports that its Audit Committee dismissed WithumSmith+Brown, PC as independent registered public accounting firm and, on the same date, appointed Victor Mokuolu, CPA PLLC as the new auditor, both effective July 30, 2026. Withum’s audit reports for the years ended December 31, 2025 and 2024 contained an explanatory paragraph that the company’s accumulated deficit, working capital deficit and note payable maturity raised substantial doubt about its ability to continue as a going concern, but the opinions were otherwise unqualified. The company states there were no disagreements with Withum on accounting or auditing matters and no reportable events, other than previously disclosed material weaknesses in internal control that management concluded were remediated as of December 31, 2025.
SpringBig Holdings, Inc. is notifying of a delay in filing its Form 10-Q for the quarter ended June 30, 2026. The company completed a reorganization transaction on July 13, 2026, transferring all of its equity interests in SpringBig, Inc. under a Reorganization Agreement involving holders of its 2024 Secured Convertible Notes and 2024 Secured Term Notes. Management needs additional time to review and confirm the accounting treatment of the Reorganization.
The company expects the Reorganization to qualify as a disposal of a component of an entity under ASC 205-20, requiring discontinued operations reporting because the historical software platform business was a major line of business. This is expected to result in adjustment of prior period amounts to reflect discontinued operations. SpringBig states that it expects and intends to file the Form 10-Q no later than the fifth calendar day after the original due date.
SpringBig Holdings, Inc. is the subject of an amended Schedule 13G filing in which AWM Investment Company, Inc., as investment adviser to several affiliated funds, reports that it no longer beneficially owns any shares of the company’s common stock. AWM states that it holds sole voting and investment power over 0 shares of SpringBig common stock, representing 0% of the outstanding class and falling under the category of ownership of 5 percent or less of the class. All voting and dispositive power entries are reported as zero.
SpringBig Holdings, Inc. appointed Jeffrey Harris to its Board of Directors on July 26, 2026, filling a vacancy. Under the company’s classified board structure, he will serve as a Class II director with a term expiring at the next annual meeting at which Class II directors are elected. Harris, age 62, currently serves as Chief Executive Officer of InteQ and previously was Chief Executive Officer of SpringBig from its founding until his resignation on March 31, 2025. The company states he has not been appointed to any board committee and that there are no arrangements or understandings with any other persons pursuant to which he was selected as a director.
SpringBig Holdings, Inc. entered into a Reorganization Agreement under which the collateral securing its Senior Secured Convertible Promissory Note and Senior Secured Term Promissory Note was transferred, pursuant to Section 272(b) of the Delaware General Corporation Law, to an entity designated by the secured lenders. The collateral included all issued and outstanding equity of SpringBig, Inc., the subsidiary through which the company conducted its business operations. As a result, the company has been fully released from obligations under the Notes totaling approximately $12.5 million of principal and accrued interest, and substantially all of its assets are now owned and controlled by the transferee.
Following this reorganization transaction, the company plans to pursue a strategic business combination; if it cannot consummate such a transaction, it indicates it will likely wind down its affairs and dissolve. The board appointed Andrew Jay Glashow, age 63, as a Class I director and as Chief Executive Officer, effective July 10, 2026. He has 25 years of capital markets and growth-stage experience and is considered an audit committee financial expert. His compensation includes an annual base salary of $125,000, with $10,000 paid upon appointment, $2,500 per month thereafter, and the balance payable no later than the first anniversary of his appointment, plus a potential performance bonus if a strategic transaction is consummated.