SpringBig Holdings, Inc. announced changes in its board of directors following completion on January 23, 2024, of its $8.0 million debt financing with a syndicate of lenders. The Company announced that Matt Sacks, Co-Managing Partner of Lightbank, and Shawn Dym, a co-lead investor in the debt financing through Shalcor Management Inc., have both joined the board of directors. Matt Sacks brings extensive experience investing in technology businesses from his role as Co-Managing Partner of Lightbank, and previously as a Principal at New Enterprise Associates.

Matt is also the Founder and Executive Chairman of Luminary Media. He started his career as a member of the Technology, Media and Telecom investment banking team at Goldman Sachs. Shawn Dym is Chairman of Decibel Cannabis Company.

Shawn is an early investor and strategic thought leader in the North American cannabis industry and co-founded and serves as an advisor on the board of Green Acre Capital. He oversees investments in Shalcor Management, Inc., working with Optus Capital Corporation, the family office of Mark Silver. The Company also announced that Phil Schwarz and Jon Trauben have resigned from the board of directors with effect from January 23, 2024.

The board of directors now comprises Sergey Sherman, Matt Sacks and Shawn Dym along with Jeffrey Harris, Chairman and CEO. Shawn Dym will replace Jon Trauben as Chair of the Audit Committee.