SBIGW - springbig announces transition to the OTCQX® Best Market and changes in its board of directors | Benzinga
BOCA RATON, Fla., Sept. 01, 2023 (GLOBE NEWSWIRE) -- SpringBig Holdings, Inc. (the "Company," "our" or "we") (NASDAQ:SBIG), a leading provider of vertical SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs, today announced that it expects its securities will be delisted from the Nasdaq Capital Market and that it expects its common stock and public warrants to be quoted on the OTCQX® Best Market under the symbols "SBIG" and "SBIGW" respectively, beginning on or about September 6, 2023.
The Company's securities, as previously announced, have not been in compliance with the listing requirements of the Nasdaq Stock Market LLC ("Nasdaq"), specifically with the minimum market value of listed securities requirement and the minimum bid price requirement, and the Company has not been able to evidence compliance within the extended time period granted by the Nasdaq Hearings Panel on May 8, 2023. The Company expects that the Nasdaq will file a Form 25 relating to delisting on or about September 5, 2023.
The Company's common stock and public warrants will continue to be registered under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), and the Company's obligation to file periodic reports under the Exchange Act will continue.
The OTCQX® Best Market is the premier regulated public market operated by OTC Markets Group, Inc. with many U.S. and international organizations choosing to have their securities quoted on this market which requires companies to meet high financial standards, follow best practice corporate governance and provide timely disclosure of material news.
The Company expects to cause its common stock and public warrants to be quoted on the OTCQX® Best Market under the symbols ...