Oblong closes private placement raising $7.5M gross; updates share count

TaoWeave, Inc.

Closed private placement of common stock and pre-funded warrants; gross proceeds $7,500,000.
Net proceeds approximately $7,000,000 after placement agent fees and expenses.
From April 1 to June 12, 2025, raised ~$1,348,000 gross from warrant exercises and Series F Preferred conversions.
As of June 12, 2025: 1,594,764 common shares and 355 Series F Preferred shares outstanding.

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