Business Context and Reporting Period
Company: Our Bond, Inc. (Nevada corporation, Ticker: OBAI, Nasdaq)
Filing Type: Form 8-K (Current Report)
Date of Report: March 29, 2026
Event: Entry into a Material Definitive Agreement (Amendment No. 2 to Securities Purchase Agreement with Ascent Partners Fund LLC).
Key Financial Metrics
This filing is a current report regarding a contractual amendment and does not contain audited financial statements, revenue, profit, cash flow, or margin data. The filing text does not provide a clear value for current liquidity or debt levels, other than the terms of the equity line agreement.
| Metric | Value / Status |
|---|---|
| Regular Closing Cap | Lower of $1,000,000 or 100% of 10-day average daily traded value |
| Expanded Closing Cap | Up to $5,000,000 |
| Revenue/Profit/Cash Flow | Not reported in this filing |
Material Changes vs. Prior Period
The filing details specific amendments to the Equity Line SPA dated October 27, 2025. Key changes include:
- Regular Closing Limit: Capped at the lower of $1,000,000 or 100% of the average daily traded value over the preceding 10 trading days.
- Notice Timing: The Company may now deliver advance notices for Regular or Expanded Closings at any time during a trading day, including multiple notices per day, provided conditions are met.
- Expanded Closing Conditions: Generally requires the bid price to be at least 15% higher than the prior day's close and trading volume to exceed 3x the 10-day average. An exception applies if the 10-day average daily traded value exceeds $4,000,000, waiving these conditions.
- Definitions: VWAP, daily traded value, and volume definitions now include extended hours trading activity.
- Effective Date: Clarified as the effective date of the registration statement for Ascent's resale of the stock.
Guidance, Outlook, and Risks
Management Commentary: The filing summarizes the operational and technical changes to the equity line agreement to facilitate capital raising. No forward-looking financial guidance or earnings outlook is provided in this document.
Risks and Contingencies: The ability to raise capital under the "Expanded Closing" provision is contingent on specific market performance metrics (price appreciation and volume) unless the average daily traded value threshold is met. The filing notes that the full agreement contains additional covenants and conditions that should be reviewed in Exhibit 10.1.
Investor Verification Checklist
- Verify the full text of Exhibit 10.1 (Amendment No. 2) for specific covenants and conditions not summarized in the 8-K.
- Confirm the current average daily traded value of OBAI stock to assess the immediate availability of the $1,000,000 Regular Closing cap.
- Monitor stock price and volume to determine eligibility for $5,000,000 Expanded Closings under the new 15% price/volume thresholds.
- Check the status of the registration statement for Ascent's resale of shares to confirm the "Effective Date" of the agreement.