Oblong Inc SEC Filings

Oblong, Inc. (OBLG) reported Q3 2025 results with revenue of $601,000 versus $578,000 a year ago. Gross profit improved to $244,000 from $79,000 as cost of revenue declined. Operating loss was $802,000, and net loss attributable to common stockholders was $2.294 million, including an unrealized loss on digital assets of $1.517 million.

For the nine months, revenue was $1.815 million (flat year over year), operating loss narrowed to $2.177 million from $3.274 million, and net loss attributable to common stockholders was $3.596 million. As of September 30, 2025, cash and cash equivalents were $3.737 million and digital assets were $6.613 million at fair value, largely $TAO tokens. Stockholders’ equity rose to $9.824 million from $4.003 million.

In June 2025 the company completed a private placement of pre-funded warrants for gross proceeds of ~$7.5 million (net $6.888 million) and later exercised 1,283,131 of those warrants. Financing provided $9.043 million year-to-date, while $8.000 million was invested into digital assets. The company states it believes existing cash and the fair value of $TAO, if converted, will fund operations for at least the next twelve months. Shares outstanding were 3,207,210 as of November 10, 2025.

Oblong, Inc. (OBLG) issued its 2025 proxy, calling the Annual Meeting for 11:30 AM MST on December 17, 2025 in Denver. Holders of common stock as of October 31, 2025 may vote; 3,207,210 shares were outstanding on the record date.

Stockholders will vote to elect four directors; amend the 2019 Equity Incentive Plan to add 2,000,000 shares and introduce an evergreen increase of 5% of outstanding shares on each January 1 from 2026 through 2029; ratify EisnerAmper LLP as auditor for 2025; approve a redomestication to Nevada by conversion; hold an advisory vote on say-on-pay frequency and a say‑on‑pay vote; and an adjournment proposal.

The Company cites potential annual savings from eliminating Delaware franchise taxes of approximately $165,000–$200,000 after moving to Nevada, alongside a statute‑based governance framework. The Board recommends voting “FOR” each proposal.

Oblong, Inc. set its 2025 Annual Meeting for December 17, 2025 at 11:30 AM MST in Denver and asks stockholders to vote on seven items, including director elections, an equity plan amendment, auditor ratification, redomestication to Nevada, advisory votes on executive compensation and its frequency, and a potential adjournment.

The equity plan amendment would add 2,000,000 shares of Common Stock for future awards. As of October 31, 2025, 3,207,210 shares of Common Stock were outstanding, and no shares remained available under the existing plan. The Company also seeks approval to redomesticate from Delaware to Nevada by conversion, citing a statute‑based governance framework and expected franchise tax savings of about $165,000–$200,000 annually; Nevada fees are noted as a $500 business license plus a $400 annual list filing.

Stockholders will vote to ratify EisnerAmper LLP as auditor for 2025; audit fees were $265,000 for 2024 and $251,000 for 2023. The record date is October 31, 2025, with one vote per share. Broker non‑votes and approval thresholds vary by proposal as described.

Jonathan Schechter, a director of Oblong, Inc. (OBLG), reported purchasing 5,000 shares of common stock on 09/17/2025 at a price of $2.6951 per share, leaving him with 15,000 shares beneficially owned. The Form 4 also discloses outstanding Common Warrants with an exercise price of $3.4144, originally exercisable on 10/01/2023 and expiring on 10/01/2028, which relate to 61,351 underlying common shares beneficially owned directly.

The filing is a routine insider reporting of a purchase and the existence of warrants; it documents the current direct holdings and the terms of the warrants without additional commentary or explanation.

Jonathan Schechter, a director of Oblong, Inc. (OBLG), reported on Form 4 that on 09/16/2025 he acquired 10,000 shares of the issuer's common stock at a price of $2.7321 per share and, following the transaction, beneficially owned 10,000 common shares. The filing also discloses outstanding warrants issued earlier that vest beginning six months after grant; those warrants have an exercise price of $3.4144, were dated 10/01/2023, expire on 10/01/2028, and underlying 61,351 shares of common stock held directly.

Oblong, Inc. reported that a director, Robert Weinstein, resigned from the Board and as Chairman of the Audit Committee effective September 10, 2025; the Company states the resignation was not due to any disagreement with operations, policies, or practices. The Board named Jason Adelman as the new Audit Committee Chairman and added Deborah Meredith as a third Audit Committee member. The filing also notes a press release and a letter to shareholders that are filed as an exhibit.

Insider purchases at Oblong, Inc. (OBLG): Director Jason T. Adelman reported five purchases of common stock on 09/04/2025, acquiring a total of 10,000 shares in incremental transactions priced between $2.55 and $2.75. The report shows beneficial ownership increasing from 1,000 shares to 10,000 shares after the transactions. The Form 4 is signed by Mr. Adelman on 09/09/2025 and identifies his role as a director with direct ownership.

Anson-affiliated investors report a 9.9% stake in Oblong, Inc. The filing shows Anson Funds Management LP, related entities and named principals collectively beneficially own 147,055 shares of Oblong common stock, representing 9.9% of the fully-diluted class count of 1,472,025 shares. The reported interest includes shares receivable upon exercise of warrants, and the filing notes exercise limitations that prevent beneficial ownership above certain thresholds (4.99% or 9.99%) on some warrants. The statement is filed on Schedule 13G, indicating the holders say the position is passive and held in the ordinary course of business.

Oblong, Inc. announced it issued a press release reporting its financial results for the three and six months ended June 30, 2025. The press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated by reference into Item 2.02. The company states that the information in Item 2.02 and Exhibit 99.1 is being furnished to the SEC and will not be deemed filed for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other filings except by specific reference.