Oblong common shares outstanding up 44% since June 30 on preferred conversions

TaoWeave, Inc.

Common shares outstanding rose from 2,728,928 (Jun 30) to 3,916,294 (Sep 12, 2023), a 44% increase.
Series F Convertible Preferred shares decreased from 6,375 to 5,264 over the same period.
From Jul 1 to Sep 12, 1,594,142 common shares issued upon conversion of Series F Preferred.
Those conversions were partially offset by return of 406,776 common shares in exchange for pre-funded warrants.
Net dilution of roughly 1.19 million shares in about 2.5 months affects existing shareholders.

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