Springbig Holdings, Inc. (OTCQB: SBIG) has outlined acquisition criteria for private companies valued between $10 million and $50 million, following a debt reorganization that eliminated $12.5 million in secured debt. The Boca Raton, Florida-based firm is seeking established private targets with proven operating histories, experienced management teams, and either meaningful revenue or a clear path to commercialization.
The company’s scalable business models and auditable financial records—or the ability to complete a Public Company Accounting Oversight Board-compliant audit—are also key requirements. Springbig’s criteria are not restricted to specific industries, reflecting an openness to diverse opportunities.
Springbig’s Chief Executive Officer, Andrew Glashow, emphasized the company’s strategic focus. "Our objective is not simply to complete a transaction, but to identify the right operating business and management team for the Springbig platform," he stated.
Existing stockholders may retain a meaningful equity stake in any combined entity, depending on the transaction structure and terms. Springbig has begun reviewing multiple opportunities and is inviting submissions from qualified companies and their advisors. All submissions will be evaluated on a confidential and nonbinding basis.
The company cautioned that no assurances can be provided regarding the identification, completion, or valuation range of any potential transaction.
