Business Context and Reporting Period
Company: Our Bond, Inc. (Nevada corporation, NASDAQ: OBAI)
Filing Type: Form 8-K (Current Report)
Report Date: June 17, 2026
Event: Extension of an unsecured revolving credit facility.
Key Financial Metrics
The filing does not provide comprehensive financial statements (revenue, profit, cash flow, or margins). Specific debt metrics related to the reported event are as follows:
- Revolving Note Limit: $3,000,000
- Current Outstanding Balance: $0
- Interest Rate: Applicable Federal Rate (minimum IRS rate for related-party loans)
- Lender: ProdActive II, LLC (Related party to Founder/CEO)
Material Changes
On June 16, 2026, the Company and the noteholder agreed to extend the maturity date of the Revolving Note by one year. The maturity date was changed from July 5, 2026, to July 7, 2027. No other material changes to the terms of the note were disclosed.
Outlook and Management Commentary
Management extended the facility to ensure that this source of low-interest, unsecured financing remains available to the Company if and when needed over the next year. The filing does not contain specific forward-looking guidance on revenue or earnings, nor does it list new risks or contingencies beyond the standard terms of the credit facility.
Investor Verification Checklist
- Verify the current outstanding balance of the Revolving Note remains at $0 in subsequent filings.
- Confirm the identity and relationship of ProdActive II, LLC to the Founder and CEO.
- Monitor future 8-K filings for any draws on the $3,000,000 facility.
- Check the current Applicable Federal Rate to understand the cost of capital if the facility is utilized.