Nasdaq-listed company Oblong raises $7.5 million and launches digital asset strategy

ChainCatcher news, according to Businesswire, Nasdaq-listed IT solutions technology service provider Oblong, Inc. announced that it has signed a securities purchase agreement with institutional investors, with Dawson James Securities acting as the placement agent for this offering. The private placement will raise approximately $7.5 million by issuing 1,989,392 shares of common stock at a price of $3.77 per share. It is reported that the net proceeds from this offering will be used to launch an artificial intelligence and digital asset strategy centered around the Layer 1 blockchain Bittensor.