Monday, December 7, 2020

Oblong Picks Up $5.0M in Private Placement

Los Angeles-based Oblong, which develops remote collaboration products, says it has raised $5.0M in a private placement of its stock. The publicly listed company, which trades on the NYSE American as OBLG, did not disclose which investors invested in the placement. The company said The Special Equities Group, a division of Bradley Woods & Co. Ltd., acted as exclusive placement agent for the transaction.