According to Businesswire, Oblong, Inc., an IT solution technology service provider listed on NASDAQ, announced that it has signed a securities purchase agreement with institutional investors. Dawson James Securities serves as the placement agent for this offering, raising approximately $7.5 million through a private placement of 1989392 ordinary shares at a price of $3.77 per share. It is reported that the net proceeds from this offering will be used to launch an artificial intelligence and digital asset strategy centered around the Layer 1 blockchain Bittensor.