SpringBig Holdings, Inc. announced that Mark Silver, President of Optus Capital Corporation, has joined the board of directors with effect from May 10, 2024. Mark Silver is President of Optus Capital Corporation, one of the lead investors in the Company?s $8 million debt financing previously announced on January 24, 2024. Mark has made significant real estate investments in both development stage and income producing properties in the residential, commercial, and industrial sectors over his 36-year business career.

He was a founding partner and Chief Executive Officer of Universal Energy which was sold in 2009 to Just Energy Group Inc. and co-founded Direct Energy Marketing growing the company to over $1.3 billion in revenues before selling to Centrica PLC (also known as British Gas) in 2000. Mark is Chairman and Chief Executive Officer of Eddy Smart Home Solutions Ltd. The board of directors now comprises Sergey Sherman, Matt Sacks, Shawn Dym and Mark Silver along with Jeffrey Harris, Chairman and CEO. The Audit Committee remains unchanged and comprises Shawn Dym, Chairman, and Sergey Sherman.