# EDGAR Filing Document

**Accession Number:** 0001801602
**File Stem:** 0001213900-25-082671
**Filing Date:** 2025-8
**Character Count:** 52046
**Document Hash:** fb4040c6e0d016da394fa97e589b495d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-082671.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001213900-25-082671

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SpringBig Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001801602
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 882789488
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289956
- **FILM NUMBER:** 251281911

**BUSINESS ADDRESS:**
- **STREET 1:** 621 NW 53RD ST
- **STREET 2:** SUITE 260
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487
- **BUSINESS PHONE:** (800) 772-9172

**MAIL ADDRESS:**
- **STREET 1:** 621 NW 53RD ST
- **STREET 2:** SUITE 260
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33487

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tuatara Capital Acquisition Corp
- **DATE OF NAME CHANGE:** 20200130

**As filed with the Securities and Exchange Commission on August 29, 2025**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

 ****

 ****

**SPRINGBIG HOLDINGS, INC.**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Delaware** | **88-2789488** |
| (State or other jurisdiction <br> of incorporation) | (I.R.S Employer <br> Identification No.) |

---

**621 NW 53rd Street, Ste. 340**

**Boca Raton, Florida, 33487**

(Address of principal executive offices, including zip code)

**SpringBig Holdings, Inc. 2022 Amended and Restated Long-Term Incentive Plan**

(Full title of the plan)

**Jaret Christopher**

**Chief Executive Officer**

**621 NW 53rd Street**

**Suite 340**

**Boca Raton, Florida 33487**

***Copies to:***

**Aslam A. Rawoof**

**Benesch, Friedlander, Coplan & Aronoff LLP**

**1155 Avenue of the Americas, Floor 26**

**New York, New York 10036**

(Name and address of agent for service)

**(800) 772-9172**

(Telephone number, including area code, of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

The SpringBig Holdings, Inc. ("**SpringBig**" or the "**Registrant**") 2022 Amended and Restated Long-Term Incentive Plan (the "**Plan**") provides for grants of equity awards to designated officers, employees, non-employee directors and consultants of the Registrant. The number of shares of the Registrant's common stock, $0.0001 par value (the "Shares") which may be granted under the Plan includes an automatic annual increase in the number of shares authorized for issuance of up to 5% of the number of Shares issued and outstanding on December 31 of the immediately preceding calendar year. This Registration Statement on Form S-8 relates to (i) an additional 970,375 Shares authorized under the Plan for the annual increase with respect to the fiscal year ended December 31, 2024, which is the difference between the total number of Shares of 2,317,417 authorized under the Plan for such annual increase and the total number of Shares of 1,347,042 previously included on SpringBig's Registration Statement on Form S-8 filed with the Securities and Exchange on June 23, 2023 (Registration No. 333-272845), in anticipation of such increase; (ii) an additional 2,342,974 Shares expected to be authorized under the Plan for the annual increase with respect to the fiscal year ending December 31, 2025, assuming that the number of Shares issued and outstanding on December 31 of the calendar year immediately preceding such fiscal year ending date is 46,859,495, which was the number of Shares outstanding as of June 30, 2025, as reported in the Registrant's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, as filed on August 14, 2025; and (iii) an additional 2,342,974 Shares expected to be authorized under the Plan for the annual increase with respect to the fiscal year ending December 31, 2026, using the same such assumption.

Pursuant to General Instruction E on Form S-8, the contents of the Registration Statement on Form S-8 with respect to the SpringBig Holdings, Inc. 2022 Long-Term Incentive Plan (Registration No. 333-267011), filed with the Securities and Exchange Commission (the "Commission") on August 22, 2022, including the information contained therein, are hereby incorporated by reference to this Registration Statement on Form S-8 (the "Registration Statement"), except that the provisions contained in Part II of such earlier registration statement are modified as set forth in this Registration Statement.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The information specified in Items 1 and 2 of Part I of Form S-8 is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended (the "**Securities Act**"), and the introductory note to Part I of Form S-8. The documents containing the information specified in this Part I will be delivered to the participants in the Plan covered by this Registration Statement as required by Rule 428(b)(1).

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3.** **Incorporation of Documents by Reference.**

The following documents, which have been filed with the Commission, are incorporated by reference into this Registration Statement:

(i) The Registrant's Annual Report on Form 10-K (File No. 001-40049) for the fiscal year ended December 31, 2024, filed with the Commission on [March 28, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000101376225003507/ea0230282-10k_springbig.htm) , as amended by Amendment No. 1 to the Annual Report on Form 10-K (File No. 001-40049) for the fiscal year ended December 31, 2024, filed with the Commission on [April 30, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025037745/ea0240210-10ka1_springbig.htm) , and all material incorporated by reference therein, including the description of the Shares contained in [Exhibit 4.4](http://www.sec.gov/Archives/edgar/data/1801602/000180160223000028/exhibit44-descriptionofsec.htm) thereto and all amendments or reports filed for the purpose of updating such description;

(ii) The Registrant's Quarterly Reports on Form 10-Q (File Nos. 001-40049) for the fiscal quarter ended March 31, 2025, filed with the Commission on [May 14, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025042867/ea0238792-10q_spring.htm) and for the fiscal quarter ended June 30, 2025, filed with the Commission on [August 14, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025075869/ea0249652-10q_springbig.htm) ;

(iii) The Registrant's Current Reports on Form 8-K (File Nos. 001-40049), filed with the Commission on [January 22, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025005587/ea0228216-8k_springbig.htm) , [January 31, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025008600/ea0229417-8k_springbig.htm) , [March 21, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000101376225001015/ea0235182-8k_springbig.htm) , [April 3, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025028632/ea0237083-8k_springbig.htm) , [April 29, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025036865/ea0239925-8k_spring.htm) , [May 13, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025042733/ea0241901-8k_spring.htm) and [August 6, 2025](http://www.sec.gov/Archives/edgar/data/1801602/000121390025072627/ea0252065-8k_spring.htm) (excluding any portions of such reports deemed to have been furnished under Item 2.02 or Item 7.01 and any exhibits included with such Items); and

(iii) The Registrant's Current Report on [Form 8-K](http://www.sec.gov/Archives/edgar/data/1801602/000121390025071281/ea0251547-8k_spring.htm) (File Nos. 001-40049), filed with the Commission on August 4, 2025, as amended by the Registrant's Current Report on [Form 8-K/A](http://www.sec.gov/Archives/edgar/data/1801602/000121390025075833/ea0253036-8ka1_spring.htm) filed with the Commission on August 13, 2025.

In addition, all documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the rules of the Commission shall not be deemed incorporated by reference into this Registration Statement.

Any statement contained in the documents incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified, superseded, or replaced for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference in this Registration Statement modifies, supersedes, or replaces such statement. Any such statement so modified, superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a part of this Registration Statement.

**Item 4.** **Description of Securities.**

Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.

**Item 5.** **Interests of Named Experts and Counsel.**

Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.

**Item 6.** **Indemnification of Directors and Officers.**

The Registrant is governed by the Delaware General Corporation Law, as the same exists or may hereafter be amended (the "**DGCL**"). Section 145(a) of the DGCL empowers a corporation to indemnify any person who was or is a party or who is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful.

Subsection (b) of Section 145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person acted in any of the capacities set forth above, against expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.

Section 145 further provides that to the extent a director or officer of a corporation has been successful on the merits or otherwise in the defense of any action, suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith; that indemnification provided for by Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may be entitled; and the indemnification provided for by Section 145 shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person's heirs, executors and administrators. Section 145 also empowers the corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of his status as such, whether or not the corporation would have the power to indemnify such person against such liabilities under Section 145.

Section 102(b)(7) of the DGCL provides that a corporation's certificate of incorporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or its stockholders or monetary damages for breach of fiduciary duty as a director, provided that such provision shall not eliminate or limit the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv) for any transaction from which the director derived an improper personal benefit.

Additionally, the Registrant's charter limits the liability of its directors to the fullest extent permitted by the DGCL, and the Registrant's bylaws provide that it will indemnify its directors to the fullest extent permitted by such law. The Registrant expects to enter into agreements to indemnify its directors, executive officers and other employees as determined by its board of directors. The Registrant's charter requires it to indemnify and advance expenses to each of its directors and officers, to the fullest extent permitted by the laws of the state of Delaware, if the basis of the indemnitee's involvement was by reason of the fact that the indemnitee is or was a director or officer of the Registrant or was serving at the Registrant's request in an official capacity for another entity. Such obligations would require indemnification of the Registrant's officers and directors against all reasonable fees, expenses, charges and other costs of any type or nature whatsoever, including any and all expenses and obligations paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing to defend, be a witness or participate in any completed, actual, pending or threatened action, suit, claim or proceeding, whether civil, criminal, administrative or investigative, or establishing or enforcing a right to indemnification under the indemnification agreement. Any claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.

Section 145(g) of the DGCL provides, in general, that a corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of his or her status as such, whether or not the corporation would have the power to indemnify the person against such liability under Section 145 of the DGCL.

**Item 7.** **Exemption from Registration Claimed.**

Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.

**Item 8.** **Exhibits.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 3.1 | [Certificate of Incorporation of SpringBig Holdings, Inc. (incorporated by reference to Exhibit 3.1 to the Registrant's Annual Report on Form 10-K filed with the Commission on March 28, 2023).](http://www.sec.gov/Archives/edgar/data/1801602/000180160223000028/exhibit31certificateofinco.htm) |
| 3.2 | [By-Laws of SpringBig (incorporated by reference to Exhibit 3.2 to the Registrant's Annual Report on Form 10-K filed with the Commission on March 28, 2023).](http://www.sec.gov/Archives/edgar/data/1801602/000180160223000028/exhibit32bylaws.htm) |
| 5.1\* | [Opinion of Benesch, Friedlander, Coplan & Aronoff LLP.](ea025520101ex5-1_springbig.htm) |
| 23.1\* | [Consent of WithumSmith+Brown, PC, Independent Registered Public Accounting Firm of SpringBig Holdings, Inc.](ea025520101ex23-1_springbig.htm) |
| 23.2\* | [Consent of Marcum LLP, Independent Registered Public Accounting Firm of SpringBig Holdings, Inc.](ea025520101ex23-2_springbig.htm) |
| 24.1\* | [Power of Attorney (included on signature page).](#poa_001) |
| 99.1 | [SpringBig Holdings, Inc. 2022 Amended and Restated Long-Term Incentive Plan (incorporated by reference to Appendix B to the Registrant's Definitive Proxy Statement on Schedule 14A filed with the Commission on April 28, 2023).](http://www.sec.gov/Archives/edgar/data/1801602/000114036123021555/ny20008121x2_def14a.htm#tAPPB) |
| 99.2 | [Form of Restricted Stock Unit Agreement (incorporated by reference to Exhibit 99.2 to the Registrant's Registration Statement on Form S-8 filed with the Commission on August 22, 2022).](http://www.sec.gov/Archives/edgar/data/1801602/000114036122030522/brhc10040996_ex99-2.htm) |
| 99.3\* | [Form of Restricted Stock Award Agreement.](ea025520101ex99-3_springbig.htm) |
| 107\* | [Filing Fee Table](ea025520101ex-fee_springbig.htm) |

---

\* Filed herewith

**Item 9.** **Undertakings.**

Not required to be filed with this Registration Statement pursuant to General Instruction E to Form S-8.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boca Raton, State of Florida, on this 29th day of August, 2025.

---

| | | |
|:---|:---|:---|
| **SPRINGBIG HOLDINGS, INC.** | **SPRINGBIG HOLDINGS, INC.** | **SPRINGBIG HOLDINGS, INC.** |
| By: | /s/ Jaret Christopher | /s/ Jaret Christopher |
|  | Name: | Jaret Christopher |
|  | Title: | Chief Executive Officer |

---

**POWER OF ATTORNEY**

KNOW ALL BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Jaret Christopher and Jason Moos, and each of them, as his true and lawful agents, proxies and attorneys-in-fact, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Jaret Christopher | Chief Executive Officer and Director | August 29, 2025 |
| Jaret Christopher | (*Principal Executive Officer*) |  |
| /s/ Jason Moos | Chief Financial Officer | August 29, 2025 |
| Jason Moos | (*Principal Financial Officer and Principal Accounting Officer*) |  |
| /s/ Marc Shiffman | Director | August 29, 2025 |
| Marc Shiffman |  |  |
| /s/ Matthew Sacks | Director | August 29, 2025 |
| Matthew Sacks |  |  |
| /s/ Sergey Sherman | Director | August 29, 2025 |
| Sergey Sherman |  |  |
| /s/ Mark Silver | Director | August 29, 2025 |
| Mark Silver |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**

August 29, 2025

SpringBig Holdings, Inc.

621 NW 53rd St.

Suite 340

Boca Raton, Florida 33487

Ladies and Gentlemen:

We have acted as special counsel to SpringBig Holdings, Inc., a Delaware corporation (the "Company"), in connection with the Registration Statement on Form S-8 (the "Registration Statement") of the Company relating to the registration of the offer and sale of up to 5,656,323 shares of common stock, par value $0.0001 per share (the "Shares"), issuable pursuant to the terms and in the manner set forth in the SpringBig Holdings, Inc. 2022 Amended and Restated Long-Term Incentive Plan (the "Plan").

This opinion is delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K promulgated under the Securities Act of 1933, as amended (the "Act").

In connection with this opinion, we have examined and are familiar with originals or copies, certified or otherwise identified to our satisfaction, of: (i) the Registration Statement, to be filed with the Securities and Exchange Commission (the "Commission") under the Act; (ii) the Certificate of Incorporation of the Company, as currently in effect; (iii) the By-Laws of the Company, as currently in effect; (iv) the Plan; (v) resolutions of the board of directors of the Company relating to, among other things, the approval of the Plan, the reservation for issuance of the Shares issuable thereunder and the filing of the Registration Statement; and (vi) a certificate of the inspector of elections certifying as to approval of the Plan by the shareholders of the Company at that certain annual meeting of shareholders held on June 13, 2023. We have also examined such other documents as we have deemed necessary or appropriate as a basis for the opinion set forth below.

In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as certified or photostatic copies, and the authenticity of the originals of such latter documents. We have also assumed that the Company's Board of Directors, or a duly authorized committee thereof, will have approved the issuance of each award under the Plan prior to the issuance thereof. As to any facts material to this opinion that we did not independently establish or verify, we have relied upon oral or written statements and representations of officers and other representatives of the Company and others.

Based upon and subject to the foregoing, we are of the opinion that the Shares have been duly authorized by the requisite corporate action on the part of the Company and, when issued, paid for, and delivered pursuant to the terms and in the manner set forth in the Plan, and assuming that the Shares remain duly reserved for issuance within the limits of the Plan then remaining authorized but unissued, will be validly issued, fully paid, and nonassessable.

www.beneschlaw.com

SpringBig Holdings, Inc.

August 29, 2025

The foregoing opinion is based upon and limited to the General Corporation Law of the State of Delaware (including the statutory provisions, the applicable provisions of the Delaware Constitution, and reported judicial decisions interpreting the foregoing). We express no opinion herein as to any other laws, statutes, regulations, or ordinances. This opinion is given as of the date hereof and we assume no obligation to update or supplement such opinion to reflect any facts or circumstances that may hereafter come to our attention or any changes that may hereafter occur. This opinion is being furnished solely for the Company's benefit in connection with the offer, sale, and issuance of the Shares and is not to be used, quoted or otherwise referred to for any other purpose without our prior written consent.

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. In giving such consent, we do not concede that we are experts within the meaning of the Act or the rules and regulations thereunder or that this consent is required by Section 7 of the Act or the rules and regulations of the Commission.

---

| |
|:---|
| Very truly yours, |
| /s/ Benesch, Friedlander, Coplan & Aronoff LLP |
| <br> BENESCH, FRIEDLANDER,<br> COPLAN & ARONOFF LLP |

---

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated March 27, 2025, relating to the consolidated financial statements of SpringBig Holdings, Inc. and its subsidiaries as of December 31, 2024 and for the year then ended, appearing in SpringBig Holdings, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024.

/s/ WithumSmith+Brown, PC

New York, New York

August 29, 2025

## Exhibit 23.2

**Exhibit 23.2**

**<u>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</u>**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated April 1, 2024, except for Segments in Note 2 and Segment Reporting in Note 22, as to which the date is March 27, 2025 with respect to the financial statements of SpringBig Holdings, Inc. for the year ended December 31, 2023 included in the Annual Report on Form 10-K.

/s/ Marcum LLP

Marcum LLP

Fort Lauderdale, Florida

August 29, 2025

## Exhibit 99.3

**Exhibit 99.3**

**Restricted Stock Award Agreement**

This Restricted Stock Award Agreement (this "**Agreement**") is made and entered into as of ________________________, 20__ (the "**Grant Date**") by and between SpringBig Holdings, Inc., a Delaware corporation (the "**Company**") and ______________ (the "**[Employee][Director][Servicer]**").

**WHEREAS**, the Company maintains the 2022 Amended and Restated Long-Term Incentive Plan (the "**Plan**") under which awards of Restricted Stock (as defined in the Plan) may be granted to employees, directors, or other service providers of the Company; and

**WHEREAS**, the [Board][Committee] has determined that it is in the best interests of the Company and its shareholders to grant the award of Restricted Stock in relation to shares of common stock, par value $0.0001 per share of the Company ("**Common Stock**") as provided for herein.

NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Grant of Restricted Stock</u>. Pursuant to Section 5(a) of the Plan, the Company hereby issues to the [Employee][Director][Servicer] on the Grant Date a Restricted Stock Award consisting of, in the aggregate, [_______] shares of Common Stock (the "**Restricted Stock**"), on the terms and conditions and subject to the restrictions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Consideration</u>. The grant of the Restricted Stock is made in consideration of past services and the services to be rendered by the [Employee][Director][Servicer] to the Company. No cash payment is required for the Restricted Stock (except to the extent necessary to pay applicable Tax-Related Items (as defined below)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Restricted Period; Vesting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 Except as otherwise provided herein, provided that the [Employee][Director][Servicer] remains in Continuous Service through the applicable vesting date, the Restricted Stock will vest in accordance with the following schedule:

---

| | |
|:---|:---|
| **Vesting Date** | **Shares of Common Stock** |

---

The period over which the Restricted Stock vests is referred to as the "**Restricted Period**".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 If the [Employee][Director][Servicer]'s Continuous Service terminates for any reason at any time before all of the [Employee][Director][Servicer]'s Restricted Stock has vested, the [Employee][Director][Servicer]'s unvested Restricted Stock shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any Affiliate shall have any further obligations to the [Employee][Director][Servicer] under this Agreement with respect to the unvested Restricted Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 If the [Employee][Director][Servicer]'s Continuous Service terminates for any reason at any time, the [Employee][Director][Servicer]'s vested Restricted Stock shall remain subject to the terms of the Plan, including any transfer restrictions and/or repurchase rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Restrictions</u>. Subject to any exceptions set forth in this Agreement or the Plan, during the Restricted Period, neither the Restricted Stock nor the rights relating thereto may be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the [Employee][Director][Servicer]. Any attempt to assign, alienate, pledge, attach, sell, or otherwise transfer or encumber the Restricted Stock or the rights relating thereto during the Restricted Period shall be wholly ineffective and, if any such attempt is made, the Restricted Stock will be forfeited by the [Employee][Director][Servicer] and all of the [Employee][Director][Servicer]'s rights to such shares shall immediately terminate without any payment or consideration by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Rights as Shareholder; Dividends</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 The [Employee][Director][Servicer] shall be the record owner of the Restricted Stock until the shares of Common Stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Notwithstanding the foregoing, any dividends or other distributions shall be subject to the same restrictions on transferability as the shares of Restricted Stock with respect to which they were paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 The Company may evidence the [Employee][Director][Servicer]'s interest by using a restricted book entry account with the Company's transfer agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 If the [Employee][Director][Servicer] forfeits any rights the [Employee][Director][Servicer] has with respect to the Restricted Stock or under this Agreement in accordance with Section 3 of this Agreement, the [Employee][Director][Servicer] shall, on the date of such forfeiture, no longer have any rights as a shareholder with respect to such Restricted Stock and shall no longer be entitled to vote or receive dividends on such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>No Right to Continued Service on the Board</u>. Neither the Plan nor this Agreement shall confer upon the [Employee][Director][Servicer] any right to be retained as a [Employee][Director][Servicer] of the Company or in any other capacity. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to terminate the [Employee][Director][Servicer]'s Continuous Service at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Adjustments</u>. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Stock shall be adjusted or terminated in any manner as contemplated by Section 6 of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Tax Liability and Withholding</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 As a condition to the issuance of any Restricted Stock, the [Employee][Director][Servicer] shall pay or make adequate arrangements satisfactory to the Company and/or its Affiliates to satisfy any and all U.S. federal, state, local and/or foreign tax or social insurance contribution withholding obligations of the Company and/or its Affiliates arising from the grant or vesting of the Restricted Stock award ("**Tax-Related Items**"). In this regard, the [Employee][Director][Servicer] authorizes the Company and/or its Affiliates, in their sole discretion, to satisfy any Tax-Related Items arising from the grant or vesting of the Restricted Stock award by any of the following means or by a combination of such means, if permissible under local law: (1) causing the [Employee][Director][Servicer] to tender a cash payment; (2) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the [Employee][Director][Servicer] in connection with the grant of the Restricted Stock; (3) withholding cash from any Restricted Stock settled in cash; (4) withholding payment from any amounts otherwise payable to the [Employee][Director][Servicer]; (5) by allowing the [Employee][Director][Servicer] to effectuate a "cashless exercise" pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board; or (6) by any other arrangement approved by the [Board][Committee]. In addition, the [Employee][Director][Servicer] shall take all actions as the [Board][Committee] deems necessary to satisfy all Tax-Related Items. Finally, the [Employee][Director][Servicer] shall pay to the Company and/or its Affiliates any amount of Tax-Related Items that the Company and/or its Affiliates may be required to withhold as a result of the [Employee][Director][Servicer]'s participation in the Plan or arising from the grant or vesting of the Restricted Stock award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 Notwithstanding any action the Company or its Affiliates take with respect to any and all Tax Related Items, the ultimate liability for all Tax-Related Items is and remains the [Employee][Director][Servicer]'s responsibility, and neither the Company nor any Affiliate (a) makes any representation or undertakings regarding the tax consequences of the grant or vesting of the Restricted Stock award or the subsequent sale of any shares s, (b) makes any representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant or vesting of the Restricted Stock award or the subsequent sale of any shares; (c) commits to structure the Restricted Stock to minimize, reduce or eliminate the tax consequences of the grant or vesting of the Restricted Stock award, and (d) commits to structure the Restricted Stock to minimize, reduce or eliminate the [Employee][Director][Servicer]'s liability for Tax-Related Items. The [Employee][Director][Servicer] is advised to consult with his or her own personal tax, financial and other legal advisors regarding the tax consequences of the grant and vesting of the Restricted Stock award and the disposition of the Restricted Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 As a condition to the issuance of any Restricted Stock, the [Employee][Director][Servicer] hereby (a) agrees to not make any claim against the Company or any of its Officers, [Employee][Director][Servicer]s, Employees or Affiliates related to tax liabilities arising from the grant or vesting of the Restricted Stock award or other Company compensation and (b) acknowledges that the [Employee][Director][Servicer] was advised to consult with his or her own personal tax, financial and other legal advisors regarding the tax consequences of the grant and vesting of the Restricted Stock award and the disposition of the Restricted Stock and has either done so or knowingly and voluntarily declined to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Section 83(b) Election</u>. The [Employee][Director][Servicer] may make an election under Code Section 83(b) (a "**Section 83(b) Election**") with respect to the Restricted Stock. Any such election must be made within thirty (30) days after the Grant Date. If the [Employee][Director][Servicer] elects to make a Section 83(b) Election, the [Employee][Director][Servicer] shall provide the Company with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Service. The [Employee][Director][Servicer] agrees to assume full responsibility for ensuring that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. The [Employee][Director][Servicer] acknowledges and agrees that the Company has not made and makes no representation regarding whether the [Employee][Director][Servicer] is eligible to make the Section 83(b) Election or the advisability of making the Section 83(b) Election, and the [Employee][Director][Servicer] acknowledges and agrees that the [Employee][Director][Servicer] has had the opportunity to seek the advice of the [Employee][Director][Servicer]'s own legal counsel, tax advisors and/or investment advisors with respect to the advisability of, risks or potential benefits with respect to, and consequences of, making the Section 83(b) Election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Corporate Transaction</u>. This Agreement is subject to the terms of any agreement governing a Corporate Transaction involving the Company, including, without limitation, a provision for the appointment of a stockholder representative that is authorized to act on your behalf with respect to any escrow, indemnities and any contingent consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Compliance with Law</u>. The issuance and transfer of shares of Common Stock shall be subject to compliance by the Company and the [Employee][Director][Servicer] with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company's shares of Common Stock may be listed. No shares of Common Stock shall be issued or transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. The [Employee][Director][Servicer] understands that the Company is under no obligation to register the shares of Common Stock with the Securities and Exchange Commission, any state securities commission or any stock exchange to effect such compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Legends</u>. A legend may be placed on any certificate(s) or other document(s) delivered to the [Employee][Director][Servicer] indicating restrictions on transferability of the shares of Restricted Stock pursuant to this Agreement or any other restrictions that the [Board][Committee] may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any applicable federal or state securities laws or any stock exchange on which the shares of Common Stock are then listed or quoted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Notices</u>. Any notice required to be delivered to the Company under this Agreement shall be in writing and addressed to the Chief Financial Officer of the Company at the Company's principal corporate offices. Any notice required to be delivered to the [Employee][Director][Servicer] under this Agreement shall be in writing and addressed to the [Employee][Director][Servicer] at the [Employee][Director][Servicer]'s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Governing Law</u>. This Agreement and any controversy arising out of or relating to this Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to conflict of law principles that would result in any application of any law other than the law of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Interpretation</u>. Any dispute regarding the interpretation of this Agreement shall be submitted by the [Employee][Director][Servicer] or the Company to the [Board][Committee] (excluding the [Employee][Director][Servicer] if the [Employee][Director][Servicer] serves on the [Board][Committee]) for review. The resolution of such dispute by the [Board][Committee] shall be final and binding on the [Employee][Director][Servicer] and the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Restricted Stock Subject to Plan</u>. This Agreement is subject to the Plan as approved by the Company's shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Successors and Assigns</u>. The Company may assign any of its rights under this Agreement. This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the [Employee][Director][Servicer] and the [Employee][Director][Servicer]'s beneficiaries, executors, administrators and the person(s) to whom the Restricted Stock may be transferred by will or the laws of descent or distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Severability</u>. If any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid will, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Discretionary Nature of Plan</u>. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the Restricted Stock in this Agreement does not create any contractual right or other right to receive any Restricted Stock or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the [Employee][Director][Servicer]'s membership on the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Amendment</u>. The [Board][Committee] has the right to amend, alter, suspend, discontinue or cancel the Restricted Stock, prospectively or retroactively; *provided, that*, no such amendment shall adversely affect the [Employee][Director][Servicer]'s material rights under this Agreement without the [Employee][Director][Servicer]'s consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. <u>Counterparts</u>. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. <u>Acceptance</u>. The [Employee][Director][Servicer] hereby acknowledges receipt of a copy of the Plan and this Agreement. The [Employee][Director][Servicer] has read and understands the terms and provisions thereof, and accepts the Restricted Stock subject to all of the terms and conditions of the Plan and this Agreement. The [Employee][Director][Servicer] acknowledges that there may be adverse tax consequences upon the grant or vesting of the Restricted Stock award or disposition of the shares, and the [Employee][Director][Servicer] acknowledges that the [Employee][Director][Servicer] has been advised to consult with his or her own personal tax, financial and other legal advisors regarding the tax consequences of the grant and vesting of the Restricted Stock award and the disposition of the Restricted Stock and has either done so or knowingly and voluntarily declined to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. <u>Other Documents</u>. The [Employee][Director][Servicer] hereby acknowledges receipt of or the right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Prospectus. In addition, the [Employee][Director][Servicer] acknowledges receipt of the Company's Insider Trading Policy.

[*Signature page follows.*]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

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| |
|:---|
| SPRINGBIG HOLDINGS, INC. |
| By: |
| <br> Name: |
| Title: |
| [EMPLOYEE][DIRECTOR][SERVICER] |
| By: |
| Name: |

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[*Signature page to Restricted Stock Award Agreement*]

## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

**Ex-Filing Fees**

**CALCULATION OF FILING FEE TABLES**

**S-8**

**SpringBig Holdings, Inc.**

**Table 1: Newly Registered and Carry Forward Securities**

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Line Item Type** | **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* |
| Fees to be Paid | Equity | Common Stock, par value $0.0001 per share | (1) | Other | 5656323 | $0.0320 | $181002.34 | 0.0001531 | $27.72 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $181002.34 |  | 27.72 |
| Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: |  |  |  |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $27.72 |

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**__________________________________________ Offering Note(s)**

&nbsp;&nbsp;&nbsp;&nbsp;(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers an indeterminate number of additional shares that may be issued to adjust the number of shares issued pursuant to the plans described herein in the event of a stock dividend, stock split, reverse stock split, extraordinary dividend, extraordinary distribution, recapitalization, reorganization, merger, combination, consolidation, split-up, spin-off, combination, exchange of shares, rights offering, separation, reorganization, liquidation or similar event. Represents additional shares of the registrant's common stock reserved for issuance under the SpringBig Holdings, Inc. 2022 Amended and Restated Long-Term Incentive Plan (the "Incentive Plan") pursuant to the provisions of the Incentive Plan that provide for an automatic annual increase in the number of shares reserved for issuance under the Incentive Plan. To the extent that awards outstanding under the Incentive Plan are forfeited, cancelled, surrendered or terminated without issuance of shares, the shares of common stock subject to such awards will be available for future issuance under the Incentive Plan. Estimated pursuant to Rules 457(c) and 457(h) under the Securities Act, solely for the purposes of calculating the registration fee and based on the average of the high and low prices of the registrant's common stock as reported on the OTCQB® Venture Market on August 26, 2025, which date is within five business days prior to the filing of this registration statement.