Item 1.01 Entry into a Material Definitive Agreement

On April 18, 2023, Oblong, Inc. (the "Company") entered into warrant exercise inducement offer letters ("Warrant Repricing Letters") with certain holders of outstanding (i) series A warrants to purchase shares of the Company's common stock, (ii) series B warrants to purchase shares of the Company's common stock, (iii) warrants to purchase shares of the Company's common stock originally issued on October 2020 and (iii) warrants to purchase shares of the Company's common stock originally issued on December 2020 (such holders, the "Exercising Holders," and such warrants, the "Existing Warrants"), pursuant to which the Exercising Holders agreed to exercise, for cash, Existing Warrants to purchase, in the aggregate, 339,498 shares of the Company's common stock (the "Existing Warrant Shares"), in exchange for the Company's agreement to lower the exercise price of the Existing Warrants to $1.71. Additionally, the Exercising Holders agreed not to sell, transfer or otherwise dispose of any shares of Company common stock acquired in the exercise of the amended Existing Warrants from April 18, 2023 and through and including April 24, 2023.

The foregoing summaries of the Warrant Repricing Letters do not purport to be complete and are subject to, and qualified in their entirety by, the forms of such documents attached as Exhibits 10.1 and 4.1, respectively, to this Current Report on Form 8-K, which are incorporated herein by reference.

Item 3.03. Material Modifications to Rights of Securityholders.

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

Exhibit No.               Description
10.1                        Form of Warrant Repricing Letter.
104                         Cover Page Interactive Data File (embedded within the Inline XBRL
                          document)  .

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