StepStone Group Amends Oblong Inc. Stake; Signals Portfolio Shift
Ticker: TWAV · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 746210
| Field | Detail |
|---|---|
| Company | Oblong, Inc. (TWAV) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
TL;DR
**StepStone Group LP just updated its Oblong Inc. stake, watch for market reaction.**
AI Summary
StepStone Group LP, an investment firm, filed an amended SC 13G/A on February 12, 2024, indicating a change in their ownership of Oblong, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, suggests a potential adjustment in their investment position, which could signal a shift in their confidence in Oblong, Inc.'s future performance. Investors should note this change as it reflects a significant institutional investor's updated stance on the company.
Why It Matters
This filing shows an institutional investor, StepStone Group LP, has updated its ownership in Oblong, Inc., which can influence market perception and potentially the stock price.
Risk Assessment
Risk Level: medium — A change in institutional ownership can create uncertainty or signal a shift in sentiment, potentially leading to stock price volatility.
Analyst Insight
Investors should monitor Oblong, Inc.'s stock performance and any further disclosures from StepStone Group LP to understand the implications of this amended filing.
Key Players & Entities
- StepStone Group LP (company) — the investment firm filing the SC 13G/A
- Oblong, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the date the SC 13G/A was filed
- 674434 204 (number) — the CUSIP number for Oblong, Inc. Common Stock
Forward-Looking Statements
- StepStone Group LP's updated stake in Oblong, Inc. could lead to increased scrutiny of Oblong's financial health. (Oblong, Inc.) — medium confidence, target: Q1 2024 earnings report
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in beneficial ownership of a company's securities.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is StepStone Group LP, located at 4225 Executive Square, Suite 1600, La Jolla, CA 92037.
What is the subject company of this filing?
The subject company is Oblong, Inc., whose business address is 110 16th Street, Suite 1400 #1024, Denver, CO 80202.
What is the class of securities being reported in this filing?
The class of securities being reported is Common Stock, par value $0.0001 per share, of Oblong, Inc.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,485 words · 6 min read · ~5 pages · Grade level 9.8 · Accepted 2024-02-12 09:05:55
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- d779267dsc13ga.htm (SC 13G/A) — 88KB
- 0001193125-24-031229.txt ( ) — 90KB
From the Filing
SC 13G/A 1 d779267dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 3)* Oblong, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 674434 204 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 674434 204 1 NAMES OF REPORTING PERSONS StepStone Group LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 674434 204 1 NAMES OF REPORTING PERSONS StepStone VC Opportunities III, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 674434 204 1 NAMES OF REPORTING PERSONS StepStone VC Global Partners VII-A, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 674434 204 1 NAMES OF REPORTING PERSONS StepStone VC Global Partners VII-C, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 674434 204 1 NAMES OF REPORTING PERSONS StepStone VC Opportunities IV, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN Item1(a). Name of Issuer : Oblong, Inc. (the Issuer) Item1(b). A ddress of Issuers Principal Executive Offices : 110 16 th Street, Suite 1400 #1024 Denver, CO 80202 Item2(a). Names of Persons Filing : The name of the persons filing this report (the Reporting Persons