Oblong announces reverse stock split by a ratio of 1-for-40

Oblong announced that it has filed an amendment to its certificate of incorporation that will effect a reverse stock split of the Company’s issued and outstanding shares of common stock by a ratio of 1-for-40, as approved by the Company’s stockholders at its 2023 annual meeting and the Company’s board of directors. The reverse stock split will become effective at 5:00 PM Eastern Time on August 23, 2024, and the Company’s shares of common stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market at the commencement of trading on August 26, 2024 under the Company’s existing trading symbol “OBLG.”