secwatch.observer — SEC 8-K summary
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Issuer:     TaoWeave, Inc. (TWAV)
CIK:        0000746210
Form:       8-K
Filed at:   2023-07-05T23:59:59+00:00
Accession:  0000746210-23-000066
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oblong exchanges 406,776 common shares for pre-funded warrants with Foundry Group affiliates
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- Exchanged 406,776 shares of common stock for pre-funded warrants with $0.0001 exercise price.
- Post-exchange, Foundry Group holds 115,859 shares plus warrants, representing ~4.99% of outstanding.
- Warrants include 4.99% beneficial ownership limitation, can be increased to 19.99% upon 61 days' notice.
- Transaction structured under Section 3(a)(9) of Securities Act, no commissions paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746210/000074621023000066/0000746210-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746210/000074621023000066/glow-20230630.htm
  HTML page:      https://secwatch.observer/filing/0000746210-23-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer