Oblong, Inc. recently completed a series of share transactions. In a private placement closed on June 10, 2025, the company issued Pre-Funded Warrants to purchase 1,989,387 shares of common stock to investors, raising gross proceeds of approximately $7,500,000, with net proceeds around $7,000,000. Additionally, from April 1 to June 12, 2025, Oblong Inc. issued 45,163 shares of common stock through conversions of 190 shares of Series F Preferred Stock and 394,864 shares through exercises of common warrants, generating gross proceeds of approximately $1,348,000 and net proceeds of $1,240,000. As of June 12, 2025, the company had 1,594,764 shares of common stock outstanding.
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