IPO - Oblong, Inc.

Form Type: S-3

Filing Date: 2025-06-20

Corporate Action: Ipo

Type: New

Accession Number: 000143774925020945

Filing Summary: On June 20, 2025, Oblong, Inc. filed a registration statement on Form S-3 with the SEC to register for resale up to 4,178,249 shares of its common stock by certain selling stockholders. The shares being registered are issuable upon the exercise of pre-funded warrants, common warrants, and conversion of outstanding shares of Series F convertible preferred stock. This filing is in accordance with a previous securities purchase agreement dated June 5, 2025, which involved the sale of pre-funded warrants in a private placement that generated approximately $7.5 million in gross proceeds. The document outlines terms related to the securities, the expected timeline for sales by the selling stockholders, and the company’s registration obligations. Following recent strategic shifts, Oblong aims to transition towards the AI and digital assets market, enhancing their product offerings and pursuing growth in response to recent market trends and challenges.

Form Type: 8-K

Filing Date: 2025-06-06

Corporate Action: Ipo

Type: New

Accession Number: 000143774925019617

Filing Summary: On June 5, 2025, Oblong, Inc. entered into a securities purchase agreement with investors for a private placement of 1,989,392 shares of common stock and pre-funded warrants to purchase shares of common stock at an exercise price of $0.0001 per share. Each share was priced at $3.77. The private placement is anticipated to close on or around June 11, 2025, pending customary closing conditions. The Company is set to raise approximately $7,000,000 in net proceeds from this placement. The investors in this offering are accredited investors and the arrangement is made under the exemptions provided by the Securities Act. Additionally, Dawson James Securities, Inc. is the exclusive placement agent and will receive a fee of 5.0% of the gross proceeds, along with reimbursement for up to $50,000 in related expenses. The Company will also issue warrants to Dawson James to purchase 99,470 shares of common stock at an exercise price of $4.7125. On June 6, 2025, the Company issued a press release regarding the private placement and plans for using the proceeds to invest in digital assets, which entails several regulatory and operational risks.