• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Oblong Announces Letter of Intent to Merge with Dwellwell Analytics

    6/4/24 9:00:00 AM ET
    $OBLG
    Computer Software: Programming Data Processing
    Technology
    Get the next $OBLG alert in real time by email

    Transaction Will Enable Combined Company to Expand its AI Platform Revolutionizing Property Management

    Oblong, Inc. (NASDAQ:OBLG) ("Oblong"), the award-winning maker of multi-stream collaboration solutions, announced today that it has signed a non-binding letter of intent (the "Letter of Intent") with Dwellwell Analytics ("Dwellwell"), to acquire 100% of the outstanding equity interests of Dwellwell (the "Merger"). 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.

    The contemplated business combination would give Oblong investors a unique opportunity to be part of Dwellwell's journey. The Dwellwell solution combines patented and patent-pending, multi-sensing technology and artificial intelligence to take the guesswork out of maintenance for both institutional and individual owners of residential property. Dwellwell's unique approach uses remote sensing to monitor an entire residential building instead of individual systems or appliances.

    Ambient Inference™, a unique form of artificial intelligence allows Dwellwell's SaaS platform to identify maintenance issues as soon as they arise, and ultimately predict issues before they occur. Dwellwell enables customers, including owners of multi-family buildings, single-family homes, and short-term rentals, to address repairs proactively, significantly reducing costs across multiple operational areas.

    "After undertaking a comprehensive process to explore and evaluate a range of strategic options, our Board and Management team believe this transaction with Dwellwell is the best strategic alternative for Oblong and represents an opportunity to create substantial value for our shareholders," said Pete Holst, Oblong CEO. "This business combination, if completed, will result in Oblong investors having an equity stake in a company that is focused on developing and commercializing AI-centered technology and solutions that could transform how real estate is monitored and maintained under the leadership of a world-class team with decades of domain expertise spanning machine learning/AI, software systems, applied physics, advanced sensors, user-centered design, and building maintenance."

    "Dwellwell has created disruptive patented IoT technologies to address a critical need, the deployment of comprehensive, smarter maintenance solutions for residential real estate, an asset class worth over $40T in the U.S. alone," says Dan Simpkins, CEO, Dwellwell Analytics. "Combining with Oblong's team will enable us to scale our company and more rapidly meet the needs of the real estate community. This merger will provide resources that Dwellwell needs to achieve its long-term objective, to be the leading provider of smart maintenance products."

    Both parties are currently completing their respective due diligence reviews and are continuing to negotiate the terms of a Definitive Merger Agreement. Accordingly, Oblong cannot provide any assurance that it and Dwellwell will successfully negotiate and enter into a Definitive Merger Agreement or that it will effect the Merger with Dwellwell or, even if it is able to consummate such a Merger, that the terms of any such Merger will be on the terms set forth in the Letter of Intent. The Merger would be subject to board and shareholder approval, regulatory approval, each party satisfying a net cash closing condition and other customary closing conditions.

    Important Information About the Proposed Transaction and Where to Find It

    This press release relates to a proposed transaction between Oblong, Inc., a Delaware corporation ("Oblong"), and Dwellwell Analytics, Inc., a Delaware corporation ("Dwellwell") (the "proposed transaction"). If the parties enter into a definitive merger agreement, Oblong intends to file a registration statement on Form S-4 (the "Form S-4") with the U.S. Securities and Exchange Commission ("SEC"), which will include a preliminary prospectus and proxy statement of Oblong in connection with the proposed transaction, referred to as a proxy statement/prospectus. When and if available, a proxy statement/prospectus will be sent to all Oblong stockholders as of a record date to be established for voting on the transaction and to the stockholders of Dwellwell. Oblong also will file other documents regarding the proposed transaction with the SEC.

    Before making any voting decision, investors and security holders are urged to read the registration statement, the proxy statement/prospectus, and amendments thereto, and the definitive proxy statement/prospectus in connection with Oblong's solicitation of proxies for its stockholders' meeting to be held to approve the transaction, and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as and if they become available because they will contain important information about Oblong, Dwellwell and the proposed transaction.

    Investors and securityholders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Oblong through the website maintained by the SEC at www.sec.gov.

    The documents filed by Oblong with the SEC may also be obtained free of charge at Oblong's website at www.oblong.com or upon written request to: Oblong, 110 16th Street, Suite 1400-1024, Denver, CO 80202.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS PRESS RELEASE, PASSED UPON THE MERITS OR FAIRNESS OF THE TRANSACTION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    Forward looking and cautionary statements

    This press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, that address activities that Oblong assumes, plans, expects, believes, intends, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Oblong's actual results may differ materially from its expectations, estimates and projections, and consequently you should not rely on these forward-looking statements as predictions of future events. Without limiting the generality of the foregoing, forward-looking statements contained in this press release include statements regarding the terms of the proposed transaction, the entry into a definitive merger agreement, the filing of a registration statement in connection with the proposed transaction, the benefits of the proposed transaction, the products under development by Dwellwell and the markets in which it plans to operate, the advantages of Dwellwell's technology, Dwellwell's competitive positioning, and Dwellwell's growth plans and strategies. The forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements, which include, but are not limited to:

    • the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of Oblong's securities;
    • the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the merger agreement by the shareholders of Oblong;
    • the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement;
    • the effect of the announcement or pendency of the proposed transaction on Oblong's and Dwellwell's business relationships, performance, and business generally;
    • risks that the proposed transaction disrupts current plans of Oblong and Dwellwell and potential difficulties in Oblong's and Dwellwell's employee retention as a result of the proposed transaction;
    • the outcome of any legal proceedings that may be instituted against Dwellwell or against Oblong related to the merger agreement or the proposed transaction;
    • failure to realize the anticipated benefits of the proposed transaction;
    • the inability to meet and maintain the listing of Oblong's securities (or the securities of the post-combination company) on Nasdaq;
    • the risk that the price of Oblong's securities (or the securities of the post-combination company) may be volatile due to a variety of factors, including changes in the competitive industries in which Oblong and Dwellwell operate, variations in performance across competitors, changes in laws, regulations, technologies that may impose additional costs and compliance burdens on Oblong and Dwellwell's operations, global supply chain disruptions and shortages, national security tensions, and macro-economic and social environments affecting Oblong and Dwellwell's business and changes in the combined capital structure;
    • the inability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities;
    • the risk that Dwellwell has a limited operating history;
    • the risk that the post-combination company may never achieve or sustain profitability;
    • the risk that Dwellwell, Oblong and the post-combination company may be unable to raise additional capital on acceptable terms to finance its operations and remain a going concern;
    • the risk that the post-combination company experiences difficulties in managing its growth and expanding operations;
    • the risk that competitors develop competitive ambient sensing technology that adversely affect Dwellwell's market position;
    • the risk that Dwellwell's future patent applications may not be approved or may take longer than expected, and Dwellwell may incur substantial costs in enforcing and protecting its intellectual property;
    • the risk that Dwellwell's estimates of market demand may be inaccurate; and
    • other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Statements" in Oblong's Annual Report on Form 10-K for the year ended December, 31, 2023 (the "2023 Form 10-K") and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024, as such factors may be updated from time to time in Oblong's filings with the SEC, the registration statement on Form S-4 and the proxy statement/prospectus contained therein. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

    Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Oblong nor Dwellwell gives any assurance that either Oblong or Dwellwell or the post-combination company will achieve its expected results. Neither Oblong nor Dwellwell undertakes any duty to update these forward-looking statements, except as otherwise required by law.

    Participants in the Solicitation

    Oblong and Dwellwell and their respective directors and officers and other members of management may, under SEC rules, be deemed to be participants in the solicitation of proxies from Oblong's stockholders with the proposed transaction and the other matters set forth in the registration statement. Information about Oblong's directors and executive officers is set forth in Oblong's filings, including Oblong's 2023 Form 10-K. Additional information regarding the direct and indirect interests, by security holdings or otherwise, of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described above under "Important Information About the Proposed Transaction and Where to Find It."

    No Offer or Solicitation

    This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy, sell or solicit any securities or any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

    About Oblong, Inc.

    Oblong (NASDAQ:OBLG) provides innovative and patented technologies that change the way people work, create, and communicate. Oblong's flagship product Mezzanine™ is a meeting technology platform that offers simultaneous content sharing to optimize audience engagement and situational awareness. For more information, visit www.oblong.com and Oblong's Twitter and Facebook pages.

    About Dwellwell Analytics

    Dwellwell is the only comprehensive Check Engine Light for Homes™. The powerful technology diagnoses and alerts residential property owners and managers to irregularities in the performance of an entire residential building, including HVAC, electrical, plumbing, and even environmental concerns. The SaaS platform provides early detection of issues before they lead to system failure or a catastrophic event. With its simple plug-and-play installation capability, Dwellwell proactively diagnoses issues across an entire building, helping multifamily and short-term rental owners streamline maintenance, generate cost savings, improve NOI, and ensure resident/guest comfort. For more information, visit www.dwellwell.ai.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240604867764/en/

    Get the next $OBLG alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $OBLG

    DatePrice TargetRatingAnalyst
    12/31/2021$13.00 → $5.00Buy
    Dawson James
    8/5/2021$15.00Buy
    Dawson James
    More analyst ratings

    $OBLG
    SEC Filings

    See more
    • Oblong Inc. filed SEC Form 8-K: Results of Operations and Financial Condition

      8-K - Oblong, Inc. (0000746210) (Filer)

      5/13/25 8:37:25 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 10-Q filed by Oblong Inc.

      10-Q - Oblong, Inc. (0000746210) (Filer)

      5/13/25 8:36:28 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Amendment: SEC Form SCHEDULE 13G/A filed by Oblong Inc.

      SCHEDULE 13G/A - Oblong, Inc. (0000746210) (Subject)

      5/7/25 11:43:56 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology

    $OBLG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Oblong Inc. (Amendment)

      SC 13G/A - Oblong, Inc. (0000746210) (Subject)

      2/12/24 9:05:55 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13D/A filed by Oblong Inc. (Amendment)

      SC 13D/A - Oblong, Inc. (0000746210) (Subject)

      7/5/23 4:29:57 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • SEC Form SC 13G/A filed by Oblong Inc. (Amendment)

      SC 13G/A - Oblong, Inc. (0000746210) (Subject)

      2/23/22 4:39:37 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology

    $OBLG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Oblong Announces Financial Results for First Quarter 2025 and Provides Business Update

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), today reported financial results for the three months ended March 31, 2025, and provided updates on the Company's business and strategy. "As of March 31, 2025, we're in a very strong financial position with $4.3 million in cash, zero debt, and a fresh $518,000 boost from warrant exercises in April 2025. This war chest gives us the firepower to drive our strategy into late 2026. We're aggressively pursuing high-growth M&A opportunities, zeroing in on recurring revenue models, digital currency and AI-driven innovators that can supercharge profitability and operating efficiency. In a dynamic market, our disciplined approach ensures we're

      5/13/25 8:30:00 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Oblong Announces Authorization of Stock Buyback Program

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), announced today that its Board of Directors has authorized a stock buyback program (the "Program") to repurchase up to $500,000 of the Company's common stock. With approximately 1.1 million shares of common stock outstanding, the Program could enable the Company to repurchase up to approximately 25% of its shares at current market prices, reflecting management's strong belief that the stock is undervalued. Share repurchases under the Program may be funded using the Company's existing cash balance or future cash flows. As of December 31, 2024, the Company had approximately $5.0 million of cash and no debt. Repurchases may be made in th

      4/22/25 9:00:00 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Oblong Announces Financial Results for Fourth Quarter 2024 and Provides Business Update

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), an innovator in collaboration solutions, today reported financial results for the fourth quarter and fiscal year ending December 31, 2024, and provided updates on the Company's business and strategy. "As of December 31, 2024, our financial footing remains strong, with $5.0 million in cash and zero debt. During Q4, we raised $231,000 from common stock warrant exercises and streamlined operations to increase efficiency, resulting in expected annual savings of $1.2 million. We believe we're on track to maintain liquidity into mid-2026. In September 2024, we proudly regained full compliance with Nasdaq's listing standards. Our focus is no

      3/18/25 4:10:00 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology

    $OBLG
    Leadership Updates

    Live Leadership Updates

    See more
    • Oblong Appoints Two New Directors to its Board

      Jonathan Schechter and Robert Weinstein Join Oblong's Board of Directors Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), the award-winning maker of multi-stream collaboration solutions, today appointed two new directors to its board. Jonathan Schechter, Partner, The Special Equities Group, and Robert Weinstein, Chief Financial Officer, Synaptogenix, Inc. have joined Oblong's board of directors. In addition, Jim Lusk and Matthew Blumberg have retired from the Oblong board. "We're delighted to welcome Jonathan and Robert to the Oblong board of directors," said Pete Holst, President and CEO. "Both individuals bring a wealth of knowledge in mergers and acquisitions, digital transfor

      5/30/23 8:00:00 AM ET
      $OBLG
      $PMCB
      $PTPI
      $SNPX
      Computer Software: Programming Data Processing
      Technology
      Biotechnology: Biological Products (No Diagnostic Substances)
      Health Care
    • Oblong Expands Board with Appointment of Two New Directors

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), the award-winning maker of multi-stream collaboration solutions, today announced its board of directors has appointed Matt Blumberg and Debby Meredith to serve as independent directors, effective August 16, 2021. Mr. Blumberg will serve on the Audit and Nominating Committees and Ms. Meredith will serve on the Compensation and Nominating Committees. Following the appointments, the board of Oblong will be comprised of five directors, four of whom are independent. "We are extremely fortunate to add these two highly-talented and successful professionals to our board," stated Pete Holst, Oblong CEO. "Matt and Debby have demonstrated strat

      8/10/21 8:30:00 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology

    $OBLG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Adelman Jason T sold $9,655 worth of shares (52,191 units at $0.18), closing all direct ownership in the company (SEC Form 4)

      4 - Oblong, Inc. (0000746210) (Issuer)

      10/25/23 4:03:15 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 4 filed by Foundry Group Select Fund, L.P.

      4 - Oblong, Inc. (0000746210) (Issuer)

      7/5/23 4:22:24 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • SEC Form 4 filed by Meredith Deborah Jean

      4 - Oblong, Inc. (0000746210) (Issuer)

      6/20/23 4:06:32 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology

    $OBLG
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Dawson James reiterated coverage on Oblong with a new price target

      Dawson James reiterated coverage of Oblong with a rating of Buy and set a new price target of $5.00 from $13.00 previously

      12/31/21 10:02:27 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Dawson James initiated coverage on Oblong with a new price target

      Dawson James initiated coverage of Oblong with a rating of Buy and set a new price target of $15.00

      8/5/21 6:20:37 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Dawson James initiated coverage on Oblong with a new price target

      Dawson James initiated coverage of Oblong with a rating of Buy and set a new price target of $15.00

      4/27/21 9:43:03 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology

    $OBLG
    Financials

    Live finance-specific insights

    See more
    • Oblong Announces Financial Results for First Quarter 2025 and Provides Business Update

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), today reported financial results for the three months ended March 31, 2025, and provided updates on the Company's business and strategy. "As of March 31, 2025, we're in a very strong financial position with $4.3 million in cash, zero debt, and a fresh $518,000 boost from warrant exercises in April 2025. This war chest gives us the firepower to drive our strategy into late 2026. We're aggressively pursuing high-growth M&A opportunities, zeroing in on recurring revenue models, digital currency and AI-driven innovators that can supercharge profitability and operating efficiency. In a dynamic market, our disciplined approach ensures we're

      5/13/25 8:30:00 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Oblong Announces Financial Results for Fourth Quarter 2024 and Provides Business Update

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), an innovator in collaboration solutions, today reported financial results for the fourth quarter and fiscal year ending December 31, 2024, and provided updates on the Company's business and strategy. "As of December 31, 2024, our financial footing remains strong, with $5.0 million in cash and zero debt. During Q4, we raised $231,000 from common stock warrant exercises and streamlined operations to increase efficiency, resulting in expected annual savings of $1.2 million. We believe we're on track to maintain liquidity into mid-2026. In September 2024, we proudly regained full compliance with Nasdaq's listing standards. Our focus is no

      3/18/25 4:10:00 PM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology
    • Oblong Announces Financial Results for Third Quarter 2024 and Provides Business Update

      Oblong, Inc. (NASDAQ:OBLG) ("Oblong" or the "Company"), an innovator in collaboration solutions, today reported financial results for the three and nine months ended September 30, 2024, and provided updates on the Company's business and strategy. "As of September 30, 2024, our financial footing remains strong, with $5.6 million in cash and zero debt. We further boosted liquidity in October with an additional $231,000 from common stock warrant exercises and streamlined operations to increase efficiency, resulting in expected annual savings of $1.2 million. With this solid financial position, we believe we're on track to maintain momentum into mid-2026. In September 2024, we proudly regained

      11/7/24 8:30:00 AM ET
      $OBLG
      Computer Software: Programming Data Processing
      Technology