Oblong authorizes $500K stock buyback, up to ~25% of outstanding shares

TaoWeave, Inc.

Board authorized stock repurchase program for up to $500,000; could repurchase ~25% of ~1.1M outstanding shares at current prices.
Company had $5.0M cash and no debt as of Dec 31, 2024; repurchases funded from cash balance or future cash flows.
Repurchases may be made in open market, private negotiations, or under Rule 10b5-1 trading plans; program may be suspended anytime.
CEO Peter Holst stated buyback demonstrates confidence in intrinsic value and commitment to shareholders.

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