Oblong announces $5.0 million private placement

Los angeles--(business wire)--oblong, inc. (nyse american: oblg) (“oblong” or the “company”), the award-winning maker of multi-stream collaboration solutions, today announced that it has entered into a definitive agreement with certain institutional and accredited investors to raise aggregate gross proceeds of $5.0 million through a private placement of its common stock. the private placement is expected to close on or about december 7, 2020, subject to customary closing conditions. the company
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