Delisting Determination, The Nasdaq Stock Market, LLC, September 8, 2023,
SpringBig Holdings, Inc.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove
from listing the common stock and warrants of SpringBig Holdings, Inc.,
effective at the opening of the trading session on September 18, 2023.
Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rule 5450(b)(2)(A). The Company was
notified of the Staff determination on March 7, 2023.
On March 14, 2023, the Company exercised its right to appeal
the Staff determination to the Listing Qualifications Hearings
Panel (Panel) pursuant to Rule 5815. A Panel hearing was held on
April 20, 2023. On May 8, 2023, upon review of the information
provided by the Company, the Panel determined to grant the Company
request to remain listed in the Exchange subject to a series of
milestones. On June 21, 2023, Staff issued an additional delist
determination for the Company failure to meet the minimum bid price
requirement in Listing Rule 5450(a)(1). The Panel amended its decision
on July 17, 2023. On September 1, 2023, the Company withdrew its
appeal. Following the appeal withdrawal, suspension of trading in
the Company shares was effective at the open of business on
September 5, 2023. The Staff determination to delist the Company
became final on September 5, 2023.