SpringBig Holdings (SBIG) has released an update to notify the public and investors about an entry into a material definitive agreement.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
On January 23, 2024, SpringBig Holdings, Inc. issued $6.4 million in Convertible Notes and $1.6 million in Term Notes in a private placement with Purchasers including Shalcor Management, Inc. and Lightbank II, L.P. Concurrently, a Director Nomination Agreement was established, granting the Investors rights to appoint three directors to the Company’s board, with Matt Sacks and Shawn Dym nominated as initial directors. Further appointments can be made by the Investors at a later date.
For further insights into SBIG stock, check out TipRanks’ Stock Analysis page.
