Dwellwell Analytics, Inc. entered into a letter of intent to acquire Oblong, Inc. (NasdaqCM:OBLG) in a reverse merger transaction on June 4, 2024. Pursuant to the terms of the Letter of Intent, Dwellwell securityholders would, after giving effect to the proposed Merger, own 67% of the equity of the combined company and equity holders of Oblong would own 33% of the equity of the combined company, on a fully diluted basis. Completion of the Merger is subject to, among other matters, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein, various conditions and contingencies, including board and shareholder approval, regulatory approval, each party satisfying a net cash closing condition and other customary closing conditions.
Real-time Estimate
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5-day change | 1st Jan Change | ||
0.179 USD | +7.83% |
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+2.72% | -16.16% |
1st Jan change | Capi. | |
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-16.16% | 4.64M | |
+28.75% | 34.07B | |
-1.63% | 10.63B | |
+18.78% | 8.23B | |
+3.50% | 4.33B | |
-1.10% | 4.23B | |
-7.69% | 4.2B | |
-17.70% | 3.82B | |
-1.93% | 3.27B | |
-31.17% | 2.38B |
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- Dwellwell Analytics, Inc. entered into a letter of intent to acquire Oblong, Inc. in a reverse merger transaction on June 4, 2024.