springbig And Tuatara Capital Acquisition Corporation Announce Amendments To Business Combination To Enhance Transaction For Public Shareholders And Additional Funding Through A Convertible Note And Committed Equity Financing Facility

Reduction in transaction valuation and a proposed offering of up to one million bonus shares to non-redeeming public shareholders to reduce their cost basis

Convertible note of $16 million from a global institutional investor and a $50 million committed equity financing facility from an affiliate of Cantor Fitzgerald L.P.