Oblong announced on September 12, 2024, that it has regained compliance with Nasdaq's minimum bid price requirement after its stock traded above $1.00 per share for 10 consecutive business days from August 26 to September 9, 2024. Nasdaq has confirmed the matter is now closed.The company reported a strong financial position with $5.9 million in cash and zero debt as of June 30, 2024, projecting liquidity into the first half of 2026. Management is actively pursuing inorganic growth through various strategic alternatives, including potential business combinations, reverse mergers, or company sale.Oblong, known for its multi-stream collaboration solutions and flagship product Mezzanine™, continues to focus on sustainable growth and value creation. The company's strategic review process is ongoing, though there is no guarantee it will result in a merger, sale, or business combination.

Oblong announced on September 12, 2024, that it has regained compliance with Nasdaq's minimum bid price requirement after its stock traded above $1.00 per share for 10 consecutive business days from August 26 to September 9, 2024. Nasdaq has confirmed the matter is now closed.The company reported a strong financial position with $5.9 million in cash and zero debt as of June 30, 2024, projecting liquidity into the first half of 2026. Management is actively pursuing inorganic growth through various strategic alternatives, including potential business combinations, reverse mergers, or company sale.Oblong, known for its multi-stream collaboration solutions and flagship product Mezzanine™, continues to focus on sustainable growth and value creation. The company's strategic review process is ongoing, though there is no guarantee it will result in a merger, sale, or business combination.