Oblong reports 38% increase in share count since Q1; raises ~$1.5M from warrant exercises

TaoWeave, Inc.

As of June 10, 2024, common shares outstanding rose to 27.96M from 20.29M on May 8, 2024.
Issued 7.67M shares from conversions of 2,111 shares of Series F Preferred Stock.
Received ~$1.5M net proceeds from exercise of 1,648 Preferred Warrants at $975 each.
Issued Common Warrants to purchase 963,743 common shares since the quarterly report.
Management expects net proceeds plus existing cash to fund operations through end of 2025.

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