SCHEDULE 13G: Iroquois Capital Management and Affiliates Disclose Significant Stake in Oblong, Inc. with Ownership Blockers

Iroquois Capital Management, LLC, Richard Abbe, and Kimberly Page have disclosed beneficial ownership of up to 9.99% of Oblong, Inc.'s common stock, primarily through warrants subject to beneficial ownership limitations.

Summary

• Iroquois Capital Management, LLC, Richard Abbe, and Kimberly Page (the "Reporting Persons") have filed a Schedule 13G disclosing their beneficial ownership in Oblong, Inc. Common Stock.
• The ownership is primarily through Pre-Funded Warrants and Base Warrants.
• Pre-Funded Warrants are subject to a 9.99% Beneficial Ownership Blocker, meaning they cannot be exercised if it results in ownership exceeding 9.99% of outstanding common stock.
• Base Warrants are subject to a 4.99% Beneficial Ownership Blocker.
• Richard Abbe is reported as beneficially owning 367,853 shares, representing 9.99% of the class, giving effect to the beneficial ownership blockers.
• Iroquois Capital Management, LLC and Kimberly Page each beneficially own 185,677 shares, representing 5.3% of the class, also giving effect to the blockers.
• The Reporting Persons are currently prohibited from exercising all Warrants due to these beneficial ownership limitations, capping their collective beneficial ownership at 9.99%.
• The percentage of class calculation is based on 1,324,970 shares outstanding as of May 12, 2025, plus 1,989,392 shares from a contemplated private placement, and 9,763 shares issuable from warrants after blockers, totaling 3,324,125 shares.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While the document is a factual disclosure of ownership, the significant stake taken by an institutional investor and its principals can be viewed as a positive signal. However, the presence of beneficial ownership blockers introduces a slight negative aspect by limiting the full exercise of warrants and potential influence.

Positives

• A significant institutional investor (Iroquois Capital Management) and its principals have taken a substantial stake in Oblong, Inc., potentially signaling confidence in the company's future.
• The investment is structured with pre-funded warrants, which can provide capital to the company upon exercise.

Negatives

• The presence of beneficial ownership blockers (9.99% for Pre-Funded Warrants and 4.99% for Base Warrants) limits the ability of the Reporting Persons to fully exercise their warrants and potentially increase their stake or influence beyond the stated caps.
• The Reporting Persons are currently unable to exercise all of their Warrants due to these blockers.

Risks

• Beneficial Ownership Blockers: The contractual limitations (9.99% and 4.99% blockers) prevent the Reporting Persons from exercising all their warrants, which could limit their potential upside from the full warrant holdings or their ability to exert greater influence over the company.
• Dilution Risk: The calculation of the percentage of class includes 1,989,392 shares contemplated to be issued in a private placement, indicating potential future dilution for existing shareholders.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant beneficial ownership by an institutional investor and its principals. It does not provide broader industry trends or competitive analysis. The investment in Oblong, Inc. by Iroquois Capital Management indicates a strategic position in the company, which operates in a specific technology sector (though not detailed in this filing).

Corporate Governance

Related Party Transactions

• Richard Abbe and Kimberly Page are principals of Iroquois Capital Management, LLC, and share authority over investments made on behalf of Iroquois Master Fund Ltd. (IMF).
• Richard Abbe has sole authority over investments made on behalf of Iroquois Capital Investment Group LLC (ICIG).
• The beneficial ownership is held through these entities (IMF and ICIG) and attributed to the individuals.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may be viewed positively, potentially increasing investor confidence. However, the contemplated private placement could lead to dilution. The beneficial ownership blockers limit the potential for a single large shareholder to gain excessive control.

Key Dates

Keywords

Oblong Inc., Iroquois Capital Management, Richard Abbe, Kimberly Page, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Pre-Funded Warrants, Beneficial Ownership Blocker, SEC Filing, Institutional Investor, Private Placement