Oblong amends warrant waiver, removes $0.2792 floor on exercise price

TaoWeave, Inc.

Company and investors deleted Section 2 of the October 2023 waiver, eliminating the $0.2792 minimum exercise price restriction on common warrants.
Amendment signed September 13, 2024, by Oblong CEO Peter Holst and investors including Ari Rabinowitz, Brio Capital, and Iroquois.
Removal of price floor may allow warrant exercise at lower prices, potentially increasing dilution for existing shareholders.
The original waiver had prohibited conversion or exercise below $0.2792 since October 2023.

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