Oblong Announces Compliance with Nasdaq Bid Price Requirement
Oblong Inc. (OBLG)
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Oblong, Inc. (Nasdaq: OBLG) (“Oblong” or the “Company”), the award-winning maker of multi-stream collaboration solutions, today announced that the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), after the Company’s stock traded above $1.00 per share for 10 consecutive business days. Accordingly, Nasdaq has advised that the matter is now closed."We are pleased to report that Oblong is now back in full compliance with Nasdaq’s listing requirements," said Peter Holst, CEO of Oblong. "As of June 30, 2024, we had $5.9 million of cash and no debt. We believe our existing cash provides us liquidity into the first half of 2026. We remained focused on actively seeking inorganic growth opportunities through M&A. Our exploration of strategic alternatives is diverse, encompassing the possibility of a business comb
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News
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OBLG
Sec Filings
- 10/17/24 - Form EFFECT
- 10/4/24 - Form S-3
- 9/20/24 - Form 8-K
- OBLG's page on the SEC website