8-K
filed January 3, 2023, 6:59 PM ET
ticker TWAV
CIK 0000746210
other material
confidence high
sentiment neutral
materiality 0.65
Oblong effects 1-for-15 reverse stock split to meet Nasdaq listing standards
TaoWeave, Inc.
- Reverse stock split ratio 1-for-15 effective 5:00 PM ET Jan 3, 2023; shares trade split-adjusted Jan 4 under OBLG.
- Common shares outstanding reduce from ~30.8M to ~2.055M; fractional shares rounded up, no cash issued.
- Series A Warrants (exercise $4.00) extended to Jan 4, 2024 from Jan 4, 2023 via amendment.
- At Dec 30, 2022 annual meeting, stockholders approved reverse split, elected 5 directors, ratified EisnerAmper as auditor, approved executive compensation.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TaoWeave, Inc. shareholders approved Ratification of EisnerAmper LLP as independent registered public accounting firm for fiscal year 2022 at the 2022-12-30 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-12-30
Exact text from the filing
2. Ratification of the appointment of EisnerAmper LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. Votes For Votes Against Votes Abstain Broker Non-Votes 22,120,586 252,015 28,775 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TaoWeave, Inc. shareholders approved Approval of amendment to Article FOURTH of Certificate of Incorporation to effect reverse stock split at ratio of 1-for-5, 1-for-10, or 1-for-15 at the 2022-12-30 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2022-12-30
Exact text from the filing
3. Approval of an amendment to Article FOURTH of the Company's Amended & Restated Certificate of Incorporation to effect a reverse stock split of the Company's issued and outstanding shares of common Stock by a ratio of 1-for-5, 1-for-10, or 1-for-15. Votes For Votes Against Votes Abstain Broker Non-Votes 21,546,244 677,116 178,016 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TaoWeave, Inc. shareholders approved Election of directors at the 2022-12-30 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-12-30
Exact text from the filing
1. Election of the following persons to the Board of Directors of the Company to serve until the Company’s next annual meeting of stockholders, or until their respective successors are duly elected and qualified. Name Votes For Votes Withheld Broker Non-Votes Jason Adelman 16,075,146 197,896 0 Peter Holst 15,789,207 483,835 0 James Lusk 16,087,690 185,352 0 Matthew Blumberg 16,101,613 171,429 0 Deborah Meredith 16,099,672 173,370 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TaoWeave, Inc. shareholders approved Advisory approval of executive compensation at the 2022-12-30 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-12-30
Exact text from the filing
4. Approve, on an advisory and non-binding basis, executive compensation as described in the proxy statement. Votes For Votes Against Votes Abstain Broker Non-Votes 15,612,509 552,440 108,093 6,128,334
View on SEC.gov
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