Tuatara Capital Acquisition Corporation Tuatara Capital Acquisition Corporation (TCAC) is a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on the cannabis industry; it offers no current products or services beyond holding cash equivalents and warrants from its initial public offering completed in February 2021, which raised $175 million through 17.5 million units at $10 each, separating into Class A ordinary shares and redeemable warrants exercisable at $11.50 per share. The company, founded in 2020 and headquartered in New York, New York, targeted compliant cannabis-related opportunities across cultivation, technology, social consumption, cannabinoids, wellness, and industrial hemp segments, primarily serving investors and potential merger partners in North America. In June 2022, Tuatara Capital Acquisition Corporation completed a reverse merger business combination with springbig, a provider of SaaS-based marketing solutions, loyalty programs, and mobile app experiences for cannabis retailers and brands; post-merger, it rebranded as SpringBig Holdings, Inc., with its common stock and warrants trading under new tickers SBIG and SBIGW on Nasdaq, accompanied by $11 million in senior secured convertible notes and bonus shares for non-redeeming shareholders; the TCAC ticker now reflects a residual trust or warrant entity trading around $8.55 as of late 2025, with no further major changes, acquisitions, or operational shifts reported.