Oblong announces 1-for-40 reverse stock split to meet Nasdaq listing standards

TaoWeave, Inc.

Reverse split effective Aug 23, 2024 at 5 PM ET; split-adjusted trading starts Aug 26.
Shares outstanding reduce from ~28.2 million to ~710,000.
No fractional shares; all fractional shares rounded up to whole shares.
Proportionate adjustments to options, warrants, and preferred stock.
New CUSIP number 674434303 assigned to common stock.

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