Oblong announces letter of intent to merge with dwellwell analytics

Denver--(business wire)--oblong, inc. (nasdaq: oblg) (“oblong”), the award-winning maker of multi-stream collaboration solutions, announced today that it has signed a non-binding letter of intent (the “letter of intent”) with dwellwell analytics (“dwellwell”), to acquire 100% of the outstanding equity interests of dwellwell (the “merger”). pursuant to the terms of the letter of intent, dwellwell securityholders would, after giving effect to the proposed merger, own 67% of the equity of the comb.
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