Oblong Signs Non-Binding Letter Of Intent To Acquire Dwellwell Analytics, Expanding AI Platform For Property Management
Portfolio Pulse from Benzinga Newsdesk
Oblong has signed a non-binding letter of intent to acquire Dwellwell Analytics, aiming to expand its AI platform for property management. Post-acquisition, Dwellwell securityholders will own 67% and Oblong equity holders will own 33% of the combined company.
June 04, 2024 | 1:01 pm
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Oblong has signed a non-binding letter of intent to acquire Dwellwell Analytics, which will expand its AI platform for property management. Dwellwell securityholders will own 67% and Oblong equity holders will own 33% of the combined company.
The acquisition is likely to be seen positively as it expands Oblong's AI capabilities in the property management sector. The ownership structure indicates a significant shift, but the market may view the expansion as a growth opportunity.
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