Oblong, Inc. /
Dwellwell Analytics
Oblong signs letter of intent to merge with Dwellwell Analytics
What happened
Oblong, Inc. signed a non-binding letter of intent to acquire 100% of the outstanding equity interests of Dwellwell Analytics. The proposed combination would give Dwellwell securityholders 67% of the combined company and Oblong equity holders 33%.
Dwellwell’s solution uses multi-sensing technology and artificial intelligence to identify residential property maintenance issues. Terms weren't disclosed.
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Oblong signs letter of intent to merge with Dwellwell Analytics
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