Oblong Announces Compliance with Nasdaq Bid Price Requirement

Rhea-AI Summary

Oblong, Inc. (Nasdaq: OBLG) has announced that it has regained compliance with Nasdaq's minimum bid price requirement as per Rule 5550(a)(2). This notice from The Nasdaq Stock Market LLC indicates that Oblong's compliance issue is now resolved. Oblong is known for its innovative multi-stream collaboration solutions, including its flagship product Mezzanine™, which enhances remote meeting experiences through simultaneous content sharing.

The closure of this compliance matter may positively influence investor confidence and the company's standing in the stock market.

Positive

• Regained compliance with Nasdaq's minimum bid price requirement.
• Compliance issue now closed, potentially boosting investor confidence.

Negative

• None.

LOS ANGELES--(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). Accordingly, Nasdaq has advised that the matter is now closed.

About Oblong, Inc.

Oblong (Nasdaq:OBLG) provides innovative and patented technologies that change the way people work, create, and communicate. Oblong’s flagship product Mezzanine™ is a remote meeting technology platform that offers simultaneous content sharing to optimize audience engagement and situational awareness. For more information, visit www.oblong.com and Oblong’s Twitter and Facebook pages.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230119005203/en/

Investor Relations Contact

David Clark

investors@oblong.com

(213) 683-8863 ext 2205

Source: Oblong, Inc.