Latest news for SpringBig Holdings (OTC:SBIGW) Stock

SpringBig Holdings Inc is a software platform providing customer loyalty and marketing automation solutions to cannabis retailers and brands in the U.S. and Canada. The company's platform connects consumers with retailers and brands, through SMS marketing, emails, customer feedback systems, and loyalty programs, to support retailers' and brands' customer engagement and retention.

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springbig (NASDAQ: SBIG) (NASDAQ: SBIGW) introduced its social equity program.

springbig Implements Social Equity Program In Support Of Marginalized Communities In Cannabis

springbig (NASDAQ: SBIG) (NASDAQ: SBIGW), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, entered into an exclusive partners

springbig Enters Into An Exclusive Partnership With Subscription-Based Service Kind+

POSAF

springbig (NASDAQ: SBIG) (NASDAQ: SBIGW), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, introduced three new fe

springbig Launches Three New Loyalty Marketing Features

SpringBig Holdings Inc Warrants (14/06/2027)

SpringBig Holdings Inc

Deutsche Bank analyst Gerry Galagher maintains Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) with a Buy and raises the price target from $116 to $118.

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Deutsche Bank Maintains Buy on Philip Morris Intl, Raises Price Target to $118

RBC Capital analyst Sean Dodge maintains Healthcare Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCSG#NASDAQ">HCSG</a>) with a Outperform and lowers the price target from $15 to $14.

HCSG

RBC Capital Maintains Outperform on Healthcare Services Group, Lowers Price Target to $14

Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) shares are trading lower after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39943210/wm-announces-second-quarter-2024-earnings" rel="noreferrer noopener">worse-than-expected second-quarter financial results</a>.
Sales&nbsp;of $5.402 billion missed the consensus of&nbsp;$5.427 billion. Total company revenue grew&nbsp;5.5%, driven primarily by core price of&nbsp;6.8%&nbsp;and increases in the value of the recycled commodities the company sells.
Collection and Disposal yield stood at 4.6%, and Collection and Disposal volume declined 0.3% in the quarter.
Adjusted operating EBITDA grew 10.3% Y/Y to $1.62 billion, with a 130 basis point margin Y/Y expansion to 30.0%.
Adjusted operating EBITDA in the Collection and Disposal business rose $203 million to $1.84 billion, with a margin of 37.3% in the quarter.
Adjusted EPS of $1.82 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">missed the consensus of $1.83</a>.
In the first half of the year, net cash from operating activities surged 21.6% to $2.52 billion and free cash flow before high-return sustainability investments increased 41.1% to $1.63 billion.
Jim Fish, WM&#8217;s President and Chief Executive Officer, said, &#8220;Revenue grew by 5.5% this quarter, and our disciplined focus on leveraging our people, technology and processes to reduce our cost to serve continued to drive margin expansion.&#8221;
&#8220;In our renewable energy business, we are scheduled to complete a total of five projects in 2024, with an additional nine projects currently under construction.&#8221;
Outlook: Waste Management reiterated its FY24 outlook of $6.375 billion–$6.525 billion in adjusted operating EBITDA and $2.0 billion–$2.15 billion in free cash flow including sustainability growth investments.
Last month, Waste Management inked a deal to acquire Stericycle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRCL#NASDAQ">SRCL</a>) for&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39137673/waste-management-to-acquire-stericycle-for-62-00share-in-cash-at-20-premium" rel="noreferrer noopener">approximately $7.2 billion, including debt</a>.
Investors can gain exposure to the stock via&nbsp;VanEck Environmental Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVX#NYSE">EVX</a>) and IShares U.S. Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDU#NYSE">IDU</a>).
Price Action: WM shares are down 6.85% at $202.48 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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<a href="https://www.bloomberg.com/news/articles/2024-07-25/jpmorgan-sounds-out-investors-on-potential-walgreens-junk-bond">https://www.bloomberg.com/news/articles/2024-07-25/jpmorgan-sounds-out-investors-on-potential-walgreens-junk-bond</a>
&nbsp;
<a href="https://www.bloomberg.com/quote/JPM:US">JPMorgan Chase &amp; Co.</a> is sounding out investors on a potential high-yield bond sale by <a href="https://www.bloomberg.com/quote/WBA:US">Walgreens Boots Alliance Inc.</a> to address the <a href="https://www.bloomberg.com/news/terminal/SGVRGBMRXLVL">recently downgraded</a> drug-store chain's near-term debt maturities, according to people familiar with the matter.
Early pricing discussions involve a yield in the 7.5% area, said the people, who asked not to be identified because the information is private. Deal size and tenor have yet to be determined. Walgreens has a note with <a href="https://www.bloomberg.com/quote/EK589126@CBBT:Corp">$1.16 billion</a> outstanding that matures Nov. 18 and trades near par, plus a <a href="https://www.bloomberg.com/quote/EK594353@BGN:Corp">£300 million</a> ($387 million) bond due in late 2025, according to data compiled by Bloomberg.
 &nbsp;

'JPMorgan Sounds Out Investors On Potential Walgreens Junk Bond; Possible Offering Would Raise Cash For Debt Refinancing; A Bond Sale Would Be Walgreens' First Since Being Cut To Junk' - Bloomberg News

Goldman Sachs analyst Bonnie Herzog maintains Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) with a Buy and raises the price target from $116 to $118.

Goldman Sachs Maintains Buy on Philip Morris Intl, Raises Price Target to $118

The ongoing <a href="https://www.benzinga.com/topic/russia-ukraine-war">Russia-Ukraine war</a>, with new developments in Europe and the U.S., could face a major inflection point hinging on the outcome of the <a href="https://www.benzinga.com/topic/2024-election">2024 U.S. election</a>.
The Latest: A Russian drone attack on Ukraine overnight put neighboring Romania in the crossfire, <a href="https://t.me/s/kpszsu/16933">according</a> to a Telegram post from the Ukrainian Air Force. 
Russia launched 38 kamikaze drones at Ukraine, three of which strayed into Romanian airspace. Romanian Foreign Minister Luminiţa Odobescu <a href="https://x.com/Odobes1Luminita/status/1816411760229843383">said</a> that debris was found in Romania.
Stateside, Russian and Chinese bombers were <a href="https://www.norad.mil/Newsroom/Press-Releases/Article/3849184/norad-detects-tracks-and-intercepts-russian-and-prc-aircraft-operating-in-the-a/">intercepted</a> by the U.S. flying over Alaska on Wednesday. The North American Aerospace Defense Command (NORAD) detected and intercepted two Russian TU-95 and two PRC H-6 military aircraft operating in the Alaska Air Defense Identification Zone. NORAD did not label the breach as a threat, though it said it will continue to monitor activity in the airspace.
Meanwhile, the closely-watched U.S. presidential election saw a major shake-up on Sunday as the presumptive Democratic nominee, President Joe Biden, <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">dropped out of the race</a> against Republican Donald Trump. 
Vice President Kamala Harris will likely be Biden&#8217;s replacement. 
So far, preliminary polling results vary: Harris leads Trump in <a href="https://www.benzinga.com/news/24/07/39921743/donald-trump-wants-to-take-our-country-backward-says-kamala-harris-in-first-campaign-speech-poll-sho">a recent Reuters/Ipsos poll</a>, but <a href="https://www.benzinga.com/general/politics/24/07/39946360/trump-vs-harris-2024-election-candidates-tied-in-new-poll-65-of-democrats-say-biden-stepping-dow">trails him in others</a>.
Why it Matters: Biden&#8217;s comments toward the Russia-Ukraine conflict have favored <a href="https://www.benzinga.com/news/24/07/39678547/biden-slams-russian-missile-strikes-on-ukraines-largest-childrens-hospital-horrific-reminder-of-russ">NATO and Ukraine</a>, while Trump has made comments preempting <a href="https://www.benzinga.com/news/24/02/37193836/trump-doubles-down-on-controversial-comments-on-nato-allies-no-payment-no-protection">a destabilization of NATO</a>. 
Trump has previously <a href="https://www.benzinga.com/news/23/01/30636832/donald-trump-says-he-trusts-putin-more-than-us-intelligence-lowlifes">made favorable remarks</a> about Russian President Vladimir Putin. Putin, <a href="https://www.theguardian.com/commentisfree/2024/mar/22/putin-dictator-tyrant-criticism-regime">labeled</a> by many as a dictator, has presided over Russia as many of his political rivals have <a href="https://www.benzinga.com/24/02/37207985/alexei-navalnys-final-months-in-prison-books-letters-and-hopes-for-russia">been found dead</a> under mysterious circumstances. Russia has previously <a href="https://www.benzinga.com/government/22/07/28126423/vladimir-putin-can-walk-and-chew-gum-bracing-up-for-interference-from-russia-in-mid-term-elections-f">attempted to interfere</a> in U.S. elections.
A Trump presidency would likely be partial to Russia. Trump has <a href="https://apnews.com/article/trump-russia-ukraine-war-un-election-a78ecb843af452b8dda1d52d137ca893">said</a> that he could end the conflict in one day, but such a resolution would likely mean Ukraine ceding land to Russia. Critics of such a plan&nbsp;<a href="https://www.atlanticcouncil.org/blogs/ukrainealert/calls-to-appease-putin-in-ukraine-ignore-the-lessons-of-history/" target="_blank" rel="noreferrer noopener">compare</a>&nbsp;it, unfavorably, to British Prime Minister Neville Chamberlain&#8216;s policy of appeasement against Nazi Germany in the late 1930s.
A March 60 Minutes <a href="https://www.cbsnews.com/news/havana-syndrome-russia-evidence-60-minutes/">report</a> found that Russia could be behind the mysterious &#8220;Havana Syndrome&#8221; attacks on Americans in the continental U.S. and abroad.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39956964/us-warns-tech-startups-of-espionage-threats-from-china-and-others-adversaries-via-foreign-investment">US Warns Tech Startups Of Espionage Threats From China And Others Adversaries Via Foreign Investments: &#8216;Can Directly Lead To The Failure Of These Companies&#8217;</a></li>
</ul>

Airspace Breaches, Possible NATO Destabilization: Latest On Russia-Ukraine War Ahead Of US Election

IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) shares were climbing in early trading on Thursday after the company reported its <a href="https://www.benzinga.com/news/24/07/39961144/why-ibm-stock-is-trading-higher-on-thursday">second-quarter results</a>.
The results came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">Goldman Sachs On IBM</h1>
Analyst James Schneider reiterated a Buy rating while raising the price target from $200 to $205.
IBM reported revenues of $15.77 billion, slightly higher than consensus of $15.63 billion, with total revenue from continuing operations up 3.8% in constant currency terms, Schneider said in a note. "Software and Infrastructure revenue were above the Street, but Consulting came in below," he added.
The company's earnings from continuing operations came in at $2.43 per share, surpassing Street's $2.18 per share, the analyst stated. Strong AI bookings performance is likely to be "an incremental positive that should help drive share gains in the Consulting business in the medium term," he further wrote.
<h1 class="wp-block-heading">RBC Capital Markets On IBM</h1>
Analyst Matthew Swanson maintained an Outperform rating while lifting the price target from $200 to $211.
Results in the quarter were better than expected across most metrics, including outperformance in revenues of $15.8 billion and free cash flows of $2.6 billion versus consensus of $15.6 billion and $2.4 billion, respectively, Swanson said. Management maintained its full-year guidance for revenue, while raising the free cash flow forecast to above $12 billion, he added.
The company doubled its GenAI book of business sequentially to $2 billion, the analyst stated. "While bookings remain strong, the Red Hat re-acceleration took a pause, but management is optimistic on 2H growth," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Stifel On IBM</h1>
Analyst David Grossman reaffirmed a Buy rating while raising the price target from $190 to $205.
Although IBM delivered a "solid" quarter, this is unlikely to be a catalyst, Grossman said. The "bigger driver is market recognition of 2025 growth set-up including improving software growth, mainframe cycle and stabilizing consulting fundamentals," he added.
"AI-related bookings nearly doubled q/q to ~$2bn, 75% services, more indicative of momentum than near-term revenue," the analyst wrote. Although management was bullish about longer-term opportunities, the revenue contribution of AI is currently small, he further stated.
<h1 class="wp-block-heading">BofA Securities On IBM</h1>
Analyst Wamsi Mohan maintained a Buy rating and price target to $209.
IBM's quarterly results were mixed, with upside being "partly driven by strong Transaction Processing revenues while areas like RedHat were weaker," Mohan said. Despite a weak macro, "the portfolio is delivering on mid-single y/y rev growth in the aggregate," he added.
The company guided to full-year revenue growth "in-line with its mid-single digit model," the analyst stated. "IBM&#8217;s book of business in AI stands at $2bn inception-to-date with 75% from consulting signings and 25% in software," he further wrote.
IBM Price Action: Shares of IBM had risen by 5.49% to $194.06 at the time of publication on Thursday.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958813/surprise-q2-gdp-growth-inflation-eases-economy-is-much-stronger-than-people-realize-7-etfs"> •Surprise Q2 GDP Growth, Inflation Eases — &#8216;Economy Is Much Stronger Than People Realize&#8217;: 7 ETFs On The Move</a>
Photo: Shutterstock

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IBM's AI Bookings To Drive Share Gains, Though 'Revenue Contribution Of AI Is Currently Small'

Investors with a lot of money to spend have taken a bearish stance on Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MAR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Marriott Intl.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 72%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $32,744, and 10, calls, for a total amount of $1,127,360.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $260.0 for Marriott Intl, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marriott Intl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marriott Intl's significant trades, within a strike price range of $125.0 to $260.0, over the past month.
<h3>Marriott Intl Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721924202_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$113.1</td>
<td>$111.1</td>
<td>$111.1</td>
<td>$125.00</td>
<td>$144.4K</td>
<td style="text-align: right;">402</td>
<td style="text-align: right;">23</td>
</tr>
<tr>
<td>MAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$113.4</td>
<td>$110.7</td>
<td>$111.4</td>
<td>$125.00</td>
<td>$133.6K</td>
<td style="text-align: right;">402</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>MAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$113.1</td>
<td>$110.7</td>
<td>$111.2</td>
<td>$125.00</td>
<td>$133.4K</td>
<td style="text-align: right;">402</td>
<td style="text-align: right;">36</td>
</tr>
<tr>
<td>MAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$110.8</td>
<td>$110.3</td>
<td>$110.8</td>
<td>$125.00</td>
<td>$132.9K</td>
<td style="text-align: right;">402</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>MAR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$112.6</td>
<td>$110.3</td>
<td>$110.7</td>
<td>$125.00</td>
<td>$132.8K</td>
<td style="text-align: right;">402</td>
<td style="text-align: right;">78</td>
</tr>
</tbody>
</table>

<h3>About Marriott Intl</h3>
Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2023, luxury represented roughly 10% of total rooms, premium 42%, select service was 46%, midscale 1%, and other 1%. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represented 97% of total rooms as of Dec. 31, 2023. North America makes up 63% of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.
Following our analysis of the options activities associated with Marriott Intl, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marriott Intl</h3>
<ul>
<li>With a trading volume of 519,051, the price of MAR is up by 0.5%, reaching $236.21.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 6 days from now.</li>
</ul>
<h3>What The Experts Say On Marriott Intl</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $253.0.
<ul>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Marriott Intl, targeting a price of $255. </li>
<li>An analyst from Barclays persists with their Equal-Weight rating on Marriott Intl, maintaining a target price of $251. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marriott Intl, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Marriott Intl's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish stance on Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with MBLY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Mobileye Global.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $551,265, and there was 1 call, for a total amount of $28,000.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $29.0 for Mobileye Global over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Mobileye Global stands at 456.25, with a total volume reaching 32,604.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Mobileye Global, situated within the strike price corridor from $20.0 to $29.0, throughout the last 30 days.
<h3>Mobileye Global Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721924197_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$0.7</td>
<td>$0.6</td>
<td>$0.65</td>
<td>$20.00</td>
<td>$144.1K</td>
<td style="text-align: right;">279</td>
<td>2.4K</td>
</tr>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$0.7</td>
<td>$0.6</td>
<td>$0.7</td>
<td>$20.00</td>
<td>$100.5K</td>
<td style="text-align: right;">279</td>
<td>3.9K</td>
</tr>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.2</td>
<td>$8.0</td>
<td>$8.1</td>
<td>$29.00</td>
<td>$91.5K</td>
<td style="text-align: right;">309</td>
<td>14</td>
</tr>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$1.1</td>
<td>$0.85</td>
<td>$0.9</td>
<td>$20.00</td>
<td>$55.5K</td>
<td style="text-align: right;">251</td>
<td>620</td>
</tr>
<tr>
<td>MBLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$0.9</td>
<td>$0.8</td>
<td>$0.9</td>
<td>$20.00</td>
<td>$45.6K</td>
<td style="text-align: right;">279</td>
<td>7.9K</td>
</tr>
</tbody>
</table>

<h3>About Mobileye Global</h3>
Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Mobileye is the Company's only reportable operating segment. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System &amp; Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.
Having examined the options trading patterns of Mobileye Global, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Mobileye Global</h3>
<ul>
<li>With a trading volume of 3,032,457, the price of MBLY is down by -2.49%, reaching $21.73.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 7 days from now.</li>
</ul>
<h3>What The Experts Say On Mobileye Global</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $34.5.
<ul>
<li>An analyst from UBS has decided to maintain their Buy rating on Mobileye Global, which currently sits at a price target of $33. </li>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Mobileye Global with a target price of $32. </li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Mobileye Global, which currently sits at a price target of $40. </li>
<li>Reflecting concerns, an analyst from HSBC lowers its rating to Buy with a new price target of $33.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Mobileye Global options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

MBLY

Market Whales and Their Recent Bets on MBLY Options

RBC Capital analyst Jon Arfstrom maintains First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) with a Outperform and raises the price target from $17 to $18.

RBC Capital Maintains Outperform on First Commonwealth, Raises Price Target to $18

Deep-pocketed investors have adopted a bullish approach towards 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MMM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for 3M. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 40% bearish. Among these notable options, 3 are puts, totaling $270,960, and 7 are calls, amounting to $287,393.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $110.0 for 3M over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for 3M's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across 3M's significant trades, within a strike price range of $90.0 to $110.0, over the past month.
<h3>3M Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721924192_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.55</td>
<td>$4.2</td>
<td>$4.55</td>
<td>$90.00</td>
<td>$136.5K</td>
<td>527</td>
<td style="text-align: right;">303</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.45</td>
<td>$4.4</td>
<td>$4.4</td>
<td>$100.00</td>
<td>$89.7K</td>
<td>164</td>
<td style="text-align: right;">205</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$1.52</td>
<td>$1.51</td>
<td>$1.52</td>
<td>$107.00</td>
<td>$64.6K</td>
<td>393</td>
<td style="text-align: right;">292</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$105.00</td>
<td>$60.8K</td>
<td>4.6K</td>
<td style="text-align: right;">744</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$1.5</td>
<td>$1.49</td>
<td>$1.49</td>
<td>$100.00</td>
<td>$44.7K</td>
<td>698</td>
<td style="text-align: right;">352</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Following our analysis of the options activities associated with 3M, we pivot to a closer look at the company's own performance.
<h3>3M's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,254,372, the price of MMM is up by 1.09%, reaching $104.38.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 1 days from now.</li>
</ul>
<h3>What The Experts Say On 3M</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $115.0.
<ul>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on 3M with a target price of $110. </li>
<li>An analyst from Barclays persists with their Overweight rating on 3M, maintaining a target price of $120. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest 3M options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This Is What Whales Are Betting On 3M

ORKT

Orangekloud Technology Shares Resumed Trade

According to Trust &amp; Will, the total time from beginning the process to clearing probate court for your estate could be over two years. That&#8217;s two years when your family can&#8217;t access what you left them. That&#8217;s why financial expert Suze Orman suggests getting your financial house in order now.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
</ul>
In as little as 30 minutes, you can set up a will, a revocable trust, a financial power of attorney, and an advanced directive. Paired with a durable power of attorney for health care, you&#8217;ll have the systems to ensure your financial and health care decisions are respected and your family is protected.&nbsp;
That&#8217;s a lot of peace of mind in a short time, but according to the latest Gallup Poll findings, only 46% of U.S. adults have wills. And only a small percentage of end-of-life plans include trusts.&nbsp;
The Gallup Poll also shows that upper-income Americans are likelier than lower-income Americans to have a will. There&#8217;s a significant difference based on education and race, with college graduates and white Americans being more likely than college non-graduates and non-White Americans to have a will.&nbsp;
Trending: Many are surprised by Mark Cuban&#8217;s advice for lotto winners:<a href="https://www.benzinga.com/money/mark-cubans-annuity-adv"> Cash or annuity?</a>
Regardless of your education or race, you can take steps today to shield your wealth for your children, whether that&#8217;s your home, $1,000, or millions. Here are the documents you need and why you need them:
<ol>
<li>A trust is a necessity, even if you don&#8217;t consider yourself wealthy. It keeps you 100% in control. You can set up a revocable trust to always make changes later. The trust ensures that your assets pass to your heirs as seamlessly as possible. </li>
</ol>
<ol start="2">
<li>A will ensures all of your possessions are transferred into your trust. This helps to avoid the time-consuming and often expensive probate process, saving your family more. In the will, you will also appoint a guardian for your minor children.</li>
</ol>
<ol start="3">
<li>A financial power of attorney appoints someone you trust to step in and help manage your finances if the need arises. This can be if you&#8217;re ill or simply don&#8217;t want to deal with financial management in the future. You can give financial power of attorney to anyone you trust, such as an adult child or grandchild.</li>
</ol>
<ol start="4">
<li>An advance directive spells out your medical wishes. Suppose you can't express what you want. In that case, your advance directive is a legal document that covers your beliefs or request, such as whether you want to be put on life support so that your medical team can respect your wishes, even if you&#8217;re not in a position to advocate for yourself. </li>
</ol>
<ol start="5">
<li>A durable power of attorney for health care is a document that appoints someone to speak up and advocate for you. That person becomes your official health care representative to interface with doctors or a medical team and authorizes appropriate care when you cannot be consulted directly. </li>
</ol>
Then, remember to get the documents notarized if necessary. While that can sound overwhelming, numerous online resources give you templates to organize these documents. Benzinga can help you <a href="https://www.benzinga.com/money/how-to-set-up-a-will">set up a will and</a> <a href="https://www.benzinga.com/money/setting-up-a-trust">a trust</a> and stay current on the <a href="https://www.benzinga.com/real-estate/24/03/37593532/estate-planning-why-you-may-want-to-consider-a-trust-instead-of-a-will">latest estate planning advice</a>.&nbsp;
Read Next:
<ul>
<li>Gen Z and Millennial millionaires couldn't care less for stocks and bonds —<a href="https://www.benzinga.com/money/gen-z-and-millennial-millionaires-investments-adv"> Here's what they're buying instead.</a></li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>

Personal Finance

Suze Orman Explains Why Savvy Families Are Secretly Crafting 'Living Trusts' to Shield Wealth from Greedy Probate Courts

WIIM

AURA

Aura Biosciences shares are trading higher after HC Wainwright & Co. initiated coverage on the stock with a Buy rating and price target of $21.

RBC Capital analyst Daniel Perlin maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Outperform and raises the price target from $180 to $183.

RBC Capital Maintains Outperform on Fiserv, Raises Price Target to $183

JP Morgan analyst Richard Choe maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Overweight and raises the price target from $21 to $24.

JP Morgan Maintains Overweight on AT&T, Raises Price Target to $24

KALU

Kaiser Aluminum shares are trading lower after the company reported worse-than-expected Q2 financial results.

Deutsche Bank analyst Steve Powers maintains Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) with a Hold and lowers the price target from $62 to $56.

Deutsche Bank Maintains Hold on Molson Coors Beverage, Lowers Price Target to $56

AMTB

Amerant Bancorp shares are trading lower after the company reported worse-than-expected Q2 earnings.

Deutsche Bank analyst Carlo Santarelli maintains Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) with a Buy and lowers the price target from $61 to $55.

Deutsche Bank Maintains Buy on Las Vegas Sands, Lowers Price Target to $55

SpringBig Holdings, Inc. (SBIG) Q2 2023 Earnings Call Transcript

SpringBig Holdings, Inc. (SBIG) Q3 2023 Earnings Call Transcript

SpringBig Holdings, Inc. (SBIG) Q4 2023 Earnings Call Transcript

Press Releases

General

Subscriptions Loyalty Service Elevates Success For Cannabis Retailers

springbig to Report Second Quarter 2023 Financial Results on August 10, 2023

springbig Launches Campaign Follow-Ups Feature

springbig Reports Second Quarter 2023 Financial Results

Management

springbig announces transition to the OTCQX® Best Market and changes in its board of directors

springbig to Report Third Quarter 2023 Financial Results on November 13, 2023

springbig Reports Third Quarter 2023 Financial Results

SpringBig Holdings

springbig (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIG#NASDAQ">SBIG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIGW#NASDAQ">SBIGW</a>) introduced its social equity program. The newly launched initiative aims to provide equitable opportunities for social equity license holders in marginalized communities that have been disproportionately impacted by the War on Drugs.

Participants will have access to exclusive webinars and social equity events as well as three months of hands-on training led by industry experts and client success managers dedicated to helping companies reach their marketing goals. springbig will also equip social equity license holders with customized marketing collateral that will promote their product offerings and engage customers.

springbig extends its commitment to elevating social equity license holders through its comprehensive loyalty+ program. Program participants will have access to 60,000 text messaging credits, discounted startup fees and reduced loyalty+ program costs. The loyalty+ program also includes the following features:

<ul>
	<li>
	Loyalty Rewards Wallet: Allow members to keep track of their points, update their profiles, shop online, redeem rewards and access exclusive offers.
	</li>
	<li>
	Budz Referral Platform: Gain new customers by offering rewards to those who invite their friends, family and followers to engage with their favorite cannabis retailers.
	</li>
	<li>
	Feedback Survey Tools: Learn about the needs and wants of your customers through in-depth, creative survey campaigns.
	</li>
	<li>
	Datahub Analytics: Formulate data-driven decisions through an extended suite of analytics dashboards.
	</li>
</ul>

&ldquo;By partnering with social equity license holders through our unique program, we are reinforcing our commitment to building an equitable marketplace that elevates marginalized communities,&rdquo; stated Jeffrey Harris, springbig CEO. &ldquo;Our social equity program features a complete suite of tools that will help generate meaningful results for each of our program participants. As we continue to address the impact of the inequalities that exist within the industry, we aim to evolve our efforts to assist social equity license holders as they strive to reach their goals.&rdquo;

Photo by <a href="https://unsplash.com/@crystalweed?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">CRYSTALWEED cannabis</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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<a href="https://www.benzinga.com/markets/cannabis/22/07/28268346/sanctuary-cannabis-opens-medical-dispensary-in-boca-raton-florida" target="_blank">Sanctuary Cannabis Opens Medical Dispensary In Boca Raton, Florida</a>

<a href="https://www.benzinga.com/markets/cannabis/22/07/27966994/springbig-enters-into-an-exclusive-partnership-with-subscription-based-service-kind" target="_blank">springbig Enters Into An Exclusive Partnership With Subscription-Based Service Kind+</a>

<a href="https://www.benzinga.com/markets/cannabis/22/06/27879455/springbig-launches-three-new-loyalty-marketing-features" target="_blank">springbig Launches Three New Loyalty Marketing Features</a>

&nbsp;

springbig (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIG#NASDAQ">SBIG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIGW#NASDAQ">SBIGW</a>), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, entered into an exclusive partnership with Kind+, a scalable platform to power subscriptions and recurring orders for cannabis end consumers.

This exclusive partnership offers a multi-faceted platform that powers a subscribe-and-save offering at scale in cannabis. The platform allows retailers to earn recurring revenue while creating a concentrated base of high-value end consumers, who receive special everyday member pricing as well as additional consumer benefits.

Installation of this service for retailers is free and frictionless in under one hour. Retailers also receive significant cost savings through Kind+&rsquo;s loyalty/e-commerce subsidies, and can access the Kind+ subscription-as-a-service through one of the following tiers:

<ul>
	<li>
	Standard: Retailers benefit from Kind+ marketing as well as special everyday member pricing for their high-value end consumers. With no set-up or monthly fees, all fees are transparent with a take-rate per transaction. Retailers also receive subsidized loyalty by springbig of up to $400 per month, representing ongoing cost savings of up to $4,800 per year.
	</li>
	<li>
	Advanced: Retailers have access to the Standard benefits plus Kind+ custom marketing, Kind+ instant rewards, subsidized e-commerce of up to $500 per month, and subsidized loyalty by springbig of up to $800 per month, representing ongoing cost savings of up to $15,600 per year.
	</li>
	<li>
	Early Adoption Program (limited-time only): This tier offers special benefits for existing springbig clients plus exceptional retailers outside of the springbig network, for a limited time only. This tier includes a special take rate and geographic exclusivity for the initial three months. Retailers will have access to the Advanced tier of benefits with ongoing cost savings of up to $15,600 per year.
	</li>
	<li>
	Enterprise: Retailers enjoy the same benefits as Advanced while receiving additional customizable solutions and individualized support to help scale efforts.
	</li>
</ul>

&ldquo;springbig is thrilled to introduce its exclusive partnership with Kind+,&rdquo; stated Jeffrey Harris, CEO and co-founder of springbig. &ldquo;Kind+ is the first subscribe-and-save retail offering of its kind in the cannabis industry and we believe that it will set the standard for what is to come. This cost-effective service will allow businesses to maximize their marketing efforts, access custom solutions, and reach the consumers they need at any time. Together with springbig&rsquo;s best-in-class loyalty offering, we are confident that the Kind+ and springbig combined offering will provide retailers a true differentiator in the market. We&rsquo;re excited to see how this service will benefit businesses and their consumers across the map.&rdquo;

Photo by <a href="https://unsplash.com/@fortheloveofsmoke?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Jeff W</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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<a href="https://www.benzinga.com/markets/cannabis/22/06/27879455/springbig-launches-three-new-loyalty-marketing-features" target="_blank">springbig Launches Three New Loyalty Marketing Features</a>

<a href="https://www.benzinga.com/markets/cannabis/22/06/27717862/springbig-completes-merger-with-tuatara-capital-acquisition-corporation" target="_blank">springbig Completes Merger With Tuatara Capital, Starts Trading On NASDAQ</a>

springbig (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIG#NASDAQ">SBIG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIGW#NASDAQ">SBIGW</a>), a leading provider of SaaS-based marketing solutions, consumer mobile app experiences, and omnichannel loyalty programs to the cannabis industry, introduced three new features to its suite of dispensary marketing solutions. Licensed cannabis retailers across North America can now utilize springbig&rsquo;s comprehensive email engine, digital wallet notifications, and data-driven campaign builder to create more sophisticated and tailored marketing campaigns.

<h3 class="western">Overview of New Features</h3>

<ul>
	<li>
	Email marketing engine allows retailers to easily drag and drop graphics, edit colors and fonts, insert buttons, and access a collection of creative tools to design highly customized emails that mirror mainstream marketing campaigns. springbig&rsquo;s email engine can also directly incorporate retailers&rsquo; loyalty programs into email campaigns, which is not feasible through other industry-specific platforms.
	</li>
	<li>
	The company&rsquo;s member offers feature enables dispensaries to compliantly send promotional notifications directly to customers&rsquo; digital wallets even if they have opted out of SMS marketing messages. Through this feature, retailers can broaden their consumer reach by generating unique offers for different marketing segments based on age, location, occupation, and lifestyle preferences.
	</li>
	<li>
	Campaign caddie feature equips dispensaries with the insights and abilities to develop cost-effective data-driven marketing campaigns. Campaign caddie enables retailers to leverage a collection of actionable performance indicators based on real-time transaction history along with real-time campaign response data on a per-customer basis allowing retailers to fine-tune the customer segments, time of day, overall messaging, and strategy of their marketing campaigns. Further, the company redesigned its campaign page user interface to simplify marketing initiatives from ideation to execution. The new interface includes a live preview feature that shows retailers exactly what their campaigns will look like on mobile devices once delivered.
	</li>
</ul>

&ldquo;Our newest features provide our retail partners with the most sophisticated and functional tools to candidly communicate with their evolving consumer audiences,&rdquo; stated Sam Harris, co-founder and head of product of springbig. &ldquo;As the industry becomes increasingly digital and mainstream, springbig is proud to be the only cannabis platform to offer retailers of all sizes with the loyalty marketing solutions to compliantly engage with consumers in ways that have only been accessible to big-box corporations until now.&rdquo;

In addition to these new features, springbig recently completed platform updates including integrations with Olla, POSaBIT Weedmaps Store (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/POSAF#OTCQB">POSAF</a>), Tymber and Greenline, as well as the launch of its re:source loyalty app.

Photo by <a href="https://unsplash.com/@thipatriota?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Thiago Patriota</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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<a href="https://www.benzinga.com/markets/cannabis/22/06/27717862/springbig-completes-merger-with-tuatara-capital-acquisition-corporation" target="_blank">springbig Completes Merger With Tuatara Capital, Starts Trading On NASDAQ</a>

springbig and Tuatara Capital Acquisition Corporation have completed their business combination.

The business combination was approved at a special general meeting of TCAC shareholders on June 9, 2022. In connection with the closing of the business combination, TCAC has changed its name to SpringBig Holdings, Inc. The ticker symbols for TCAC&rsquo;s common stock and warrants have been changed to (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIG#NASDAQ">SBIG</a>) and (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBIGW#NASDAQ">SBIGW</a>) respectively, and will begin trading on June 15, on the Nasdaq Global Market.

springbig is the largest customer loyalty and marketing platform in the cannabis industry and is the provider of choice and trusted partner to many leading cannabis retailers and brands across North America. The company serves over 1,300 clients with more than 2,400 retail locations, through its suite of category-leading solutions designed to increase customer retention, build customer loyalty, and boost brand awareness through digital marketing and communications and industry-leading reporting and analytics.

Jeffrey Harris, CEO and co-founder of springbig, stated: &ldquo;We are thrilled to close this business combination and further springbig&rsquo;s evolution &ndash; not only as a public company, but as a trusted and distinguished technology and software leader serving the growing North American cannabis ecosystem. Looking ahead, we will strategically position and adapt our industry-leading offering alongside the maturation of the cannabis sector, including expanding our engagement with major brands. Additionally, we will continue exploring avenues for growth, both organically and through M&amp;A.&rdquo;

The company and TCAC issued $11 million in aggregate principal amount of senior secured convertible notes to a global institutional investor, pursuant to the terms of the previously <a href="https://www.benzinga.com/markets/cannabis/22/05/26931424/springbig-and-tuatara-capital-acquisition-corporation-amend-merger-terms">announced</a> financing transaction.

As of the closing of the business combination, bonus shares have been delivered to non-redeeming shareholders, with each such shareholder receiving one bonus share for each non-redeeming share and a corresponding forfeiture of 1 million shares by TCAC&rsquo;s sponsor.

Photo by <a href="https://unsplash.com/@timberfoster?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Tim Foster</a> on <a href="https://unsplash.com/s/photos/cannabis?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

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<a href="https://www.benzinga.com/markets/cannabis/22/06/27645528/springbig-and-tuatara-capital-acquisition-corporation-reveal-voting-results-of-special-meeting-t">Tuatara Capital Shareholders Approve Merger With springbig</a>

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SpringBig Holdings

News

Latest news for SpringBig Holdings (OTC:SBIGW) Stock

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