---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-025877"
form_type: "8-K"
ticker: "TWAV"
cik: "0000746210"
company_name: "TaoWeave, Inc."
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:25:08.438171+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oblong raises ~$6.4M via private placement of Series F convertible preferred and warrants

## Summary
- Gross proceeds $6,386,250; $4M held in escrow pending stockholder approval for share issuance.
- Issued 6,550 Series F preferred shares convertible at $1.71/share plus preferred and common warrants.
- Preferred shares carry 9% annual dividend (20% default rate) and conversion price adjustable on full ratchet.
- Placement agent Dawson James receives 8% cash fee and warrants for 306,433 shares at $1.71.
- Agreed to reduce exercise prices of existing warrants from prior private placements.

## SEC filing metadata
- accession: 0001213900-23-025877
- form_type: 8-K
- ticker: TWAV
- cik: 0000746210
- company_name: TaoWeave, Inc.
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/746210/000121390023025877/0001213900-23-025877-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/746210/000121390023025877/ea176297-8k_oblong.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-025877
- JSON: https://secwatch.observer/filing/0001213900-23-025877.json
- Plain text: https://secwatch.observer/filing/0001213900-23-025877.txt

## Key facts
- Material Agreements
  TaoWeave, Inc. entered into Securities Purchase Agreement with certain accredited investors valued at aggregate gross proceeds expected to be $6,386,250 (effective 2023-03-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: aggregate gross proceeds expected to be $6,386,250
  - Effective: 2023-03-30
  source text: On March 30, 2023, Oblong, Inc. (“ we ” or the “ Company ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain accredited investors (the “ Investors” ), pursuant to which we issued and sold, in a private placement transaction (the “ Private Placement ”) (i) 6,550 shares (“ Preferred Shares ”) of our newly designated Series F convertible preferred stock, $0.0001 par value per share (the “ Series F Preferred Stock ”), initially convertible into up to 3,830,409 shares of our common stock, par value $0.0001 per share (“ Common Stock ”), (ii) preferred warrants (“ Preferred Warrants ”) to acquire up to 32,750 shares of Series F Preferred Stock (the “ Warrant Preferred Shares ”) and (iii) common warrants (“ Common Warrants ”, and with the Preferred Warrants, the “ Warrants ”), to acquire up to 3,830,413 shares of Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746210/000121390023025877/0001213900-23-025877-index.htm
- Material Agreements
  TaoWeave, Inc. entered into Engagement Letter with Dawson James Securities Inc. valued at cash fee equal to 8% of aggregate gross proceeds raised in the Private Placement and Placement Agent (effective 2023-03-30).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Dawson James Securities Inc.
  - Value: cash fee equal to 8% of aggregate gross proceeds raised in the Private Placement and Placement Agent
  - Effective: 2023-03-30
  source text: In connection with the Private Placement, pursuant to an Engagement Letter dated March 30, 2023 (the “ Engagement Letter ”), between the Company and Dawson James Securities Inc. (the “ Placement Agent ”), the Company has agreed to (i) pay the Placement Agent a cash fee equal to 8% of the aggregate gross proceeds raised in the Private Placement, and (ii) grant to the Placement Agent warrants (the “ Placement Agent Warrants ”) to purchase 306,433 shares of Common Stock at an initial exercise price of $1.71.
  evidence_url: https://www.sec.gov/Archives/edgar/data/746210/000121390023025877/0001213900-23-025877-index.htm

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