Tuatara Capital Acquisition filed a registration statement on Form S-4 outlining its proposed merger with springbig, a provider of marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs in the cannabis industry.
As announced in November, the estimated post-transaction equity value of the combined company is approximately $500 million, assuming no redemptions, with $200 million cash on hand after closing. The transaction includes a $13 million fully committed PIPE anchored by Tuatara Capital and existing investors, including TVC Capital, Key Investment Partners, and springbig’s founder and CEO Jeffrey Harris
Existing springbig stockholders are rolling 100% of their equity into the combined company. Read more.
