TechFlow, June 9 — According to Businesswire, Oblong, a publicly traded company on the U.S. stock market, announced it has entered into a securities purchase agreement to raise approximately $7.5 million by selling 1,989,392 shares of common stock at $3.77 per share.
The private placement is led by institutional investors focused on emerging technologies and is expected to close on June 11, 2025. Oblong plans to strategically use the funds to enter the AI-driven digital asset sector, primarily through accumulating TAO, the native token of Bittensor.
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