---
schema_version: "secwatch.filing_event.v1"
accession: "0000746210-23-000081"
form_type: "8-K"
ticker: "TWAV"
cik: "0000746210"
company_name: "TaoWeave, Inc."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T03:00:35.781201+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oblong sets floor price of $0.2792 for preferred conversion and warrant exercise; issues 1.1M shares

## Summary
- Floor price for Series F preferred conversion and common warrant exercise set at $0.2792, with adjustments for stock splits.
- Shares outstanding rose from 4,913,260 to 6,014,281 between Oct 4-6, 2023, after converting 267 preferred shares into 1,101,021 common shares.
- Majority holders (Iroquois Master Fund, Iroquois Capital, Hewlett Fund) executed the waiver effective October 6, 2023.
- Waiver supersedes prior conversion/exercise price adjustment mechanisms; company may seek charter amendment if needed.

## SEC filing metadata
- accession: 0000746210-23-000081
- form_type: 8-K
- ticker: TWAV
- cik: 0000746210
- company_name: TaoWeave, Inc.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746210/000074621023000081/0000746210-23-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746210/000074621023000081/glow-20231006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000746210-23-000081
- JSON: https://secwatch.observer/filing/0000746210-23-000081.json
- Plain text: https://secwatch.observer/filing/0000746210-23-000081.txt

## Key facts
- Material Agreements
  TaoWeave, Inc. amended Waiver to Securities Purchase Agreement and related instruments with Investors holding a majority of the outstanding shares of the Preferred Stock valued at Waiver waiving conversion/exercise price provisions below $0.2792 (effective 2023-10-06).
  - Action: amendment
  - Agreement: underwriting
  - Counterparty: Investors holding a majority of the outstanding shares of the Preferred Stock
  - Value: Waiver waiving conversion/exercise price provisions below $0.2792
  - Effective: 2023-10-06
  source text: On October 6, 2023, the Company and Investors holding a majority of the outstanding shares of the Preferred Stock agreed to waive any and all provisions, terms, covenants and obligations in the Certificate of Designations or Common Warrants to the extent such provisions permit the conversion or exercise of the Preferred Stock and the Common Warrants, respectively, to occur at a price below $0.2792 (the “Waiver”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/746210/000074621023000081/0000746210-23-000081-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.