Cannabis
Tuatara Capital Acquisition Corporation Announces Confidential Submission of Draft Registration Statement with Respect to Proposed Business Combination With springbig
Tuatara Capital Acquisition Corporation (NASDAQ: TCAC) (“TCAC”), a publicly traded special purpose acquisition company, and springbig, the leading provider of marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs in the cannabis industry, today announced that they have submitted a draft registration statement on Form S-4 on a confidential basis to the U.S. Securities and Exchange Commission (the “SEC”) relating to their previously announced proposed business combination.
The business combination is subject to customary closing conditions, including the approval of TCAC’s shareholders, and is expected to close in the first half of 2022. Upon closing of the business combination, the combined company will operate under the springbig name and is expected to remain listed on the NASDAQ Stock Market, under the new symbol “SBIG.”