Glowpoint Announces Third Quarter 2019 Results
GLOWPOINT (GLOW)
NASDAQ:AMEX Investor Relations:
glowpoint.com/company/investor-relations
Company Research
Source: GlobeNewswire
DENVER, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Glowpoint, Inc. (NYSE American: GLOW) (“Glowpoint” or the “Company”), a managed service provider of video collaboration and network applications, today announced financial results for the third quarter ended September 30, 2019. Third Quarter and Recent Highlights: On October 1, 2019, Glowpoint closed its previously announced acquisition of Oblong Industries, Inc. (“Oblong” and, such acquisition, the “Oblong Transaction”).On October 1, 2019, Glowpoint closed the first tranche of its previously announced private placement of Series E Convertible Preferred Stock (the “Series E Financing”) for approximately $2.51 million in gross proceeds. The Series E Convertible Preferred Stock issued in the Series E Financing is automatically convertible into an aggregate of approximately 880,700 shares of Glowpoint’s common stock at a price of $2.85 per share of common stock upon receipt of Glowpoint stockholder approval and approval of the NYSE American f
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