Private Placement (Form 8-K)

Item 3.02. Unregistered Sales of Equity Securities.

To the extent required, the information pertaining to the issuance of Pre-Funded Warrants and shares of common stock contained in Item 8.01 below, and Items 1.01 and 3.02 of our Current Report on Form 8-K filed with the Securities and Exchange Commission on June 6, 2025, are hereby incorporated by reference.

Item 8.01 Other Information

On June 10, 2025, Oblong, Inc. (the "Company") closed its previously announced offering (the "Private Placement") of shares of common stock, par value $0.0001 ("common stock") of the Company or common stock equivalents in the form of pre-funded warrants to purchase common stock (the "Pre-Funded Warrants"). In connection with the closing of the Private Placement, the Company issued Pre-Funded Warrants to purchase 1,989,387 shares of common stock to the investors party to the Securities Purchase Agreement, dated June 5, 2025, between the Company and the investors party thereto (the "Purchase Agreement"). The terms of the Private Placement and Purchase Agreement were previously reported in the Current Report on Form 8-K filed with the Securities and Exchange Commission by the Company on June 6, 2025. The Company received gross proceeds of approximately $7,500,000 and net proceeds are approximately $7,000,000, after deducting placement agent fees and estimated offering expenses payable by the Company.

Since the filing, on May 13, 2025, of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, from April 1, 2025 through June 12, 2025, the Company issued 45,163 shares of common stock pursuant to conversions of 190 shares of its Series F Preferred Stock and 394,864 shares of common stock pursuant to exercises of common warrants. The Company received gross and net proceeds of approximately $1,348,000 and $1,240,000, respectively from the exercise of these common warrants.

As of June 12, 2025, the Company had 1,594,764 shares of common stock outstanding and 355 shares of Series F Preferred Stock outstanding.