Oblong (OBLG) Transforms to TaoWeave with New Ticker Change
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Oblong Inc. (OBLG) is rebranding to TaoWeave and will trade under the new ticker symbol TWAV on Nasdaq starting December 10. The company, a provider of multi-stream collaboration products, faces significant financial challenges with negative margins and declining revenue growth, despite a strong liquidity position and no debt. The strategic shift comes amidst an Altman Z-Score indicating distress and high stock volatility.
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