Lightbank Asset Management, LLC - Aug 1, 2024 Form 3 Insider Report for SpringBig Holdings, Inc. (SBIG)

Role: 10%+ Owner
Signature: /s/ Mike Mauceri, Chief Financial Officer of Lightbank Asset Management, LLC
Stock symbol: SBIG
Transactions as of: Aug 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 8/8/2024, 05:00 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SBIG	8% Senior Secured Convertible Promissory Note due 2026							Aug 1, 2024	Common Stock	16M	$0.15	See Footnote	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The 8% Senior Secured Convertible Promissory Notes due 2026 (the "Convertible Notes") of SpringBig Holdings, Inc. (the "Company") are held for the account of Lightbank II, L.P. ("Lightbank II"), an investment fund managed by Lightbank Asset Management LLC, a Delaware limited liability company ("LAM"), which are convertible into 16,000,000 shares of the Company's common stock (the "Shares"). Eric Lefkofsky ("Mr. Lefkofsky and, together with LAM, the "Reporting Persons") is the Co-Managing Partner of LAM. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Content

The 8% Senior Secured Convertible Promissory Notes due 2026 (the "Convertible Notes") of SpringBig Holdings, Inc. (the "Company") are held for the account of Lightbank II, L.P. ("Lightbank II"), an investment fund managed by Lightbank Asset Management LLC, a Delaware limited liability company ("LAM"), which are convertible into 16,000,000 shares of the Company's common stock (the "Shares"). Eric Lefkofsky ("Mr. Lefkofsky and, together with LAM, the "Reporting Persons") is the Co-Managing Partner of LAM. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Exhibit 24 - Power of Attorney