Oblong announces $7.5 million private placement to launch bittensor-centric ai and digital asset strategy

Denver--(business wire)--oblong, inc. (nasdaq: oblg) (“oblong” or the “company”), a technology services provider specializing in innovative it solutions, today announced it has entered into a securities purchase agreement to raise approximately $7.5 million through the sale of 1,989,392 shares of common stock (or common stock equivalents in lieu thereof) at $3.77 per share in a private placement priced at-the-market under nasdaq rules. the offering, led by institutional investors focused on eme.
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