secwatch.observer — SEC 8-K summary
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Issuer:     TaoWeave, Inc. (TWAV)
CIK:        0000746210
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0000746210-23-000081
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746210/000074621023000081/0000746210-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746210/000074621023000081/glow-20231006.htm
  HTML page:      https://secwatch.observer/filing/0000746210-23-000081

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