Oblong, Inc. Files 8-K with Material Agreements
Ticker: TWAV · Form: 8-K · Filed: Sep 13, 2024 · CIK: 746210
| Field | Detail |
|---|---|
| Company | Oblong, Inc. (TWAV) |
| Form Type | 8-K |
| Filed Date | Sep 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $0.2792 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action, filing
TL;DR
Oblong Inc. filed an 8-K on 9/13/24 for material agreements and other updates.
AI Summary
Oblong, Inc. filed an 8-K on September 13, 2024, reporting a material definitive agreement. The filing also covers modifications to security holder rights and includes financial statements and exhibits. The company, formerly known as GlowPoint, Inc., is incorporated in Delaware and headquartered in Denver, Colorado.
Why It Matters
This 8-K filing indicates significant corporate actions or agreements by Oblong, Inc., which could impact its business operations, financial standing, or shareholder value.
Risk Assessment
Risk Level: medium — Material definitive agreements and modifications to security holder rights can introduce new risks or alter existing ones for the company and its investors.
Key Numbers
- 001-35376 — Commission File Number (SEC identifier for Oblong, Inc.)
- 77-0312442 — IRS Employer Identification No. (Tax identification for Oblong, Inc.)
Key Players & Entities
- Oblong, Inc. (company) — Registrant
- September 13, 2024 (date) — Date of earliest event reported
- GlowPoint, Inc. (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- Denver, Colorado (location) — Business address
FAQ
What is the specific nature of the material definitive agreement reported?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item of disclosure, but the specific details of the agreement are not provided in this summary section of the 8-K.
What modifications to security holder rights are being reported?
The filing lists 'Material Modifications to Rights of Security Holders' as an item, but the specific details of these modifications are not elaborated in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on September 13, 2024.
What were Oblong, Inc.'s former company names?
Oblong, Inc. was formerly known as GlowPoint, Inc., Glowpoint Inc., and Wire One Technologies Inc.
Where is Oblong, Inc. headquartered?
Oblong, Inc. is headquartered in Denver, Colorado, with its business address listed as 110 16th Street, Suite 1400 - 1024, Denver, CO 80202.
Filing Stats: 594 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-09-13 17:13:56
Key Financial Figures
- $0.0001 — h registered Common Stock , par value $0.0001 per share OBLG Nasdaq Capital Market
- $0.2792 — respectively, to occur at a price below $0.2792 (the "Waiver"). On September 13, 2024,
Filing Documents
- oblg20240913_8k.htm (8-K) — 26KB
- ex_724106.htm (EX-10.1) — 8KB
- 0001437749-24-029164.txt ( ) — 165KB
- oblg-20240913.xsd (EX-101.SCH) — 3KB
- oblg-20240913_def.xml (EX-101.DEF) — 11KB
- oblg-20240913_lab.xml (EX-101.LAB) — 15KB
- oblg-20240913_pre.xml (EX-101.PRE) — 11KB
- oblg20240913_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement As reported on the Current Report on Form 8-K, filed on October 10, 2023, on October 6, 2023, Oblong, Inc. ("we" or the "Company") and certain accredited investors (the "Investors") entered into a waiver whereby the Company and Investors agreed to waive any and all provisions, terms, covenants and obligations in the Common Warrants to the extent such provisions permit the conversion or exercise of the Common Warrants, respectively, to occur at a price below $0.2792 (the "Waiver"). On September 13, 2024, the Company and Investors agreed to amend the Waiver and to delete Section 2 of the Waiver in its entirety ("Amendment to Waiver"). The foregoing description of the Amendment to Waiver does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment Waiver, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
03 Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders. The information set forth above in Item 1.01 of this Current Report on Form 8-K, including Exhibit 10.1 hereto, is incorporated herein by reference in its entirety.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment to Waiver, dated as of September 13 , 2024, by and among Oblong, Inc. and the investors named therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) . SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OBLONG, INC. September 13, 2024 By: /s/ Peter Holst Peter Holst President & CEO