Oblong Faces Nasdaq Delisting Risk, Seeks Compliance

An update from Oblong (OBLG) is now available.

Oblong, Inc., a company listed on the Nasdaq Capital Market, has been warned by Nasdaq for not meeting the minimum bid price of $1.00 per share over the past 30 days. They’ve received a 180-day extension to rectify this and avoid delisting. The stock will continue to trade under the ticker “OBLG” as the company explores options to comply with the bid price requirements. The outcome of these efforts is uncertain, and the company acknowledges the risks involved, including the possibility of not achieving the required bid price or maintaining the listing standards.

For an in-depth examination of OBLG stock, go to TipRanks’ Stock Analysis page.