false 0000746210 0000746210 2024-09-13 2024-09-13
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): September 13, 2024
 
OBLONG, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
(State or other jurisdiction of
Incorporation or organization)
001-35376
(Commission File Number)
77-0312442
(IRS Employer
Identification No.)
 
110 16th Street, Suite 1400 - 1024
Denver, Colorado 80202
(Address of principal executive offices, zip code)
 
 
(213) 683-8863 ext. 5
(Registrant’s telephone number, including area code)
 
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
Common Stock, par value $0.0001 per share
  
OBLG
  
Nasdaq Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
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.
 
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.
 
Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.
Description
10.1
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
 
 
 

AMENDMENT TO WAIVER

 

Reference is hereby made to that certain Waiver dated as of October 6, 2023 among Oblong, Inc. (the “Company”) and the investors (the “Investors”) named therein (the “2023 Waiver”). Capitalized terms used but not defined herein shall have the meanings given to them in the 2023 Waiver.

 

WHEREAS, the Company and the Investors desire to remove certain provisions of the 2023 Waiver; and

 

WHEREAS, the undersigned Investors constitute the Required Holders under the Transaction Documents.

 

RESOLVED, the Company and the Required Holders hereby agree to delete Section 2 of the 2023 Waiver in its entirety.

 

 
 

 

 

[Signature Page Follows]

In Witness Whereof, the undersigned hereby consents to the matters described above, as of the date set forth below.

 

 

INVESTORS:

 

 

By:  /s/ Ari Rabinowitz               

Name: Ari Rabinowitz

Title: Five Narrow Lane

 

Date: September 13, 2024

 

 

By:  /s/ Shaye Hirsch              

Name: Shaye Hirsch

Title: Brio Capital

 

Date: September 13, 2024

 

 

By:  /s/ Richard Abbe              

Name: Richard Abbe

Title: Iroquois

 

Date: September 13, 2024

 
 

 

 

 

ACKNOWLEDGED BY:

 

COMPANY:

 

Oblong, Inc.

 

By:   /s/ Pete Holst              

Name: Pete Holst

Title: CEO

 

Date: September 13, 2024

 
v3.24.2.u1
Document And Entity Information
Sep. 13, 2024
Document Information [Line Items]  
Entity, Registrant Name OBLONG, INC.
Document, Type 8-K
Document, Period End Date Sep. 13, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-35376
Entity, Tax Identification Number 77-0312442
Entity, Address, Address Line One 110 16th Street, Suite 1400 - 1024
Entity, Address, City or Town Denver
Entity, Address, State or Province CO
Entity, Address, Postal Zip Code 80202
City Area Code 213
Local Phone Number 683-8863
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol OBLG
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000746210
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