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Stock impact report

Oblong Announces Reverse Stock Split

Oblong Inc. (OBLG) 
Company Research Source: Business Wire
Shares Will Begin Trading on a Split-Adjusted Basis on August 26, 2024 DENVER--(BUSINESS WIRE)--Oblong, Inc. (Nasdaq: OBLG) (“Oblong” or the “Company”), the award-winning maker of multi-stream collaboration solutions, announced today that it has filed an amendment to its certificate of incorporation that will effect a reverse stock split of the Company's issued and outstanding shares of common stock by a ratio of 1-for-40, as approved by the Company’s stockholders at its 2023 annual meeting and the Company’s board of directors. The reverse stock split will become effective at 5:00 PM Eastern Time on August 23, 2024, and the Company's shares of common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market at the commencement of trading on August 26, 2024 under the Company's existing trading symbol “OBLG.”The reverse stock split is intended to increase the per share trading value of the Company’s common stock to satisfy the Nasdaq Capital Market’s continued l Show less Read more
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