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Oblong | 8-K: Current report

Oblong | 8-K: Current report

Oblong | 8-K：重大事件
美股SEC公告 ·  2024/06/13 04:08

Moomoo AI 已提取核心信息

Oblong has reported significant changes in its capital structure as of June 10, 2024. The company's outstanding common stock increased to 27,960,241 shares from 20,286,675, while Series F Preferred Stock decreased to 545 shares from 1,008 shares. This change resulted from the conversion of 2,111 Series F Preferred shares into 7,673,566 common shares.The company successfully raised approximately $1.5 million in net proceeds through the exercise of 1,648 Series F Preferred Stock Warrants at $975 per share. Additionally, the company issued Common Warrants to purchase 963,743 shares of Common Stock. Management believes the new funding, combined with existing cash reserves, will sustain operations through the end of 2025.
Oblong has reported significant changes in its capital structure as of June 10, 2024. The company's outstanding common stock increased to 27,960,241 shares from 20,286,675, while Series F Preferred Stock decreased to 545 shares from 1,008 shares. This change resulted from the conversion of 2,111 Series F Preferred shares into 7,673,566 common shares.The company successfully raised approximately $1.5 million in net proceeds through the exercise of 1,648 Series F Preferred Stock Warrants at $975 per share. Additionally, the company issued Common Warrants to purchase 963,743 shares of Common Stock. Management believes the new funding, combined with existing cash reserves, will sustain operations through the end of 2025.
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