SBIG Holdings, Inc. has filed a Current Report on Form 8-K dated September 14, 2026, announcing a series of corporate actions including a name restoration and the establishment of a new Series A Preferred Stock class.
The Company filed a Certificate of Amendment with the Secretary of State of Delaware on September 16, 2026, to change its name from SpringBig Holdings, Inc. to SBIG Holdings, Inc. This name change became effective immediately upon filing. Concurrently, the Company’s Bylaws were amended to replace references to the former name with the new name and to lower the quorum requirement for stockholder meetings from a majority to one-third of the voting power of all outstanding shares.
In other business, the Board of Directors approved an inducement grant of 3,750,000 shares of Series A Preferred Stock to Chief Executive Officer Andrew Glashow, contingent on the effectiveness of the Certificate of Designation. The Board also approved a monthly cash compensation of $10,000 for Mr. Glashow. Additionally, non-employee directors were approved for a one-time inducement grant of 250,000 shares of Series A Preferred Stock and a monthly cash compensation of $5,000, subject to the Certificate of Designation.
The Company filed a Certificate of Designation of Series A Preferred Stock with the Delaware Secretary of State on September 16, 2026, to establish the terms of the new preferred stock class. The authorized number of shares is 5,000,000, with a par value of $0.0001 per share. The Series A Preferred Stock ranks pari passu with all other classes of stock regarding dividends and liquidation. Holders of the Series A Preferred Stock are entitled to 25 votes per share and will vote together with Common Stock as a single class. The shares will automatically convert into Common Stock upon a sale, transfer, or if the holder ceases to serve as a director or employee.
