CVS Group profit drops 7.4% as revenue rises on Australia expansion, asset sale
Oblong, Inc. NASDAQ:OBLG director Jason T. Adelman reported purchasing shares of common stock on September 4, 2025. The total value of the purchases amounted to $26,631. The micro-cap company, currently valued at $6.77 million, appears undervalued according to InvestingPro analysis.
Adelman acquired 10,000 shares of Oblong, Inc. common stock in a series of transactions. The prices paid for these shares ranged from $2.55 to $2.75. The stock, trading at just 0.57 times book value, has shown significant volatility with a beta of 4.01. InvestingPro subscribers have access to 8 additional key insights about OBLG’s valuation and performance metrics.
In other recent news, Oblong Inc. has made significant strides in its strategic pivot toward decentralized artificial intelligence. The company announced the acquisition of 5,025 TAO tokens for $1.65 million, utilizing funds from its recent $7.5 million financing. This investment marks Oblong’s first major step in embracing decentralized AI, with all acquired tokens staked in the Bittensor network, a platform dedicated to machine learning and AI development. Additionally, Oblong has appointed Siam Kidd, Co-Founder and Chief Investment Officer of DSV Fund, as the inaugural member of its new Advisory Committee. Kidd, with over 21 years of financial market experience, will provide guidance on Oblong’s treasury investments in Bittensor. His expertise in mergers and acquisitions and hedge fund management is expected to bolster Oblong’s decentralized AI strategy. These developments underscore Oblong’s commitment to advancing its position in the AI sector.
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