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.