Springbig Holdings, Inc. (OTCQB: SBIG) has outlined acquisition criteria for private companies valued between $10 million and $50 million, following a recent debt reorganization that eliminated $12.5 million in secured obligations.
The Boca Raton, Florida-based company is targeting businesses with established operating histories, experienced management teams, and either meaningful revenue or a clear path to commercialization. Springbig also requires scalable business models and the ability to provide auditable financial records or complete a PCAOB-compliant audit. While the company is open to opportunities across multiple industries, it emphasizes strategic alignment with its platform.
Existing stockholders could retain a meaningful equity stake in any combined entity, subject to transaction structure and terms. Springbig has begun reviewing multiple opportunities and is accepting confidential, nonbinding submissions from qualified companies and their advisors.
Andrew Glashow, Chief Executive Officer of Springbig, stated that the company’s objective is to identify the right operating business and management team to integrate with its platform, rather than pursuing transactions solely for completion. Springbig cautioned that there is no assurance it will identify, enter into, or complete any proposed transaction, nor that any deal will meet the specified enterprise-value range.
