Tuatara Capital Acquisition Corporation announced that it has entered into a securities purchase agreement for a private placement of 6% Senior Secured Original Issue Discount Convertible Notes due 2024 and warrants for proceeds of $22,000,000 on April 29, 2022. The number of warrants will be equal to one-half of the principal of the notes divided by the volume weighted average price on the trading day prior to the closing date of such sale. The Notes will be convertible at the option of the holders beginning at the earlier of (i) the date of effectiveness of the Resale Registration Statement or (ii) one year after the issuance of the First Tranche Closing Date at an initial conversion share price of $12 per share, bearing an interest rate of 6% per annum and commencing amortization after six months which may be settled in cash or shares of common stock, subject to certain conditions, at the option of the company. Each Warrant will be exercisable for shares of the company’s common stock at an exercise price of $12.00 per share. The notes and warrants will be sold in two tranches: the first tranche will be for a total of $17,000,000 and the second tranche will be for a total of $5,000,000 principal amount of notes and the number of warrants. The first tranche will close upon completion of the merger as contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of April 14, 2022, by and among the company, HighJump Merger Sub, Inc. and SpringBig, Inc. and satisfaction of the closing conditions in the notes and warrants Purchase Agreement, and the second tranche will close 60 days after the effective date of the Resale Registration Statement or at such as time as is agreed between the company and the investors. The notes will be secured against substantially all the assets of the company and each material subsidiary will guarantee the notes.