Oblong (OBLG) Announces Share Buyback
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Oblong Announces Authorization of Stock Buyback Program
April 22, 2025 9:00 AM EDTDENVER--(BUSINESS WIRE)-- 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 Companys 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 managements strong belief that the stock is undervalued. Share repurchases under the Program may be funded using the Companys existing cash balance or future cash flows. As of December 31, 2024, the Company had... More
