Business Context and Reporting Period
Company: Our Bond, Inc. (Nasdaq: OBAI)
Filing Type: Form 8-K (Current Report)
Date of Report: July 13, 2026
Event Date: July 14, 2026 (Receipt of Notification Letters)
Context: The Company received formal notification from the Nasdaq Stock Market regarding non-compliance with specific continued listing standards.
Key Financial Metrics
The filing does not provide specific financial statements, revenue, profit, cash flow, or debt figures. However, it discloses the following market-based metrics triggering the non-compliance notice:
- Minimum Bid Price: Failed to maintain a bid price of at least $1.00 per share for 30 consecutive days.
- Market Value of Publicly Held Shares: Failed to maintain a value of at least $15 million for 30 consecutive days.
- Market Value of Listed Securities: Failed to maintain a value of at least $50 million for 30 consecutive days.
Material Changes and Listing Status
The Company is currently non-compliant with three Nasdaq Listing Rules: 5450(a)(1), 5450(b)(2)(C), and 5450(b)(2)(A). Despite this non-compliance:
- The Company's listing on the Nasdaq Global Market is not immediately terminated.
- The Company has been granted an 180-day compliance period ending January 11, 2027.
- The Company will be listed on Nasdaq's website as non-compliant starting five business days after the notification.
- Business operations are stated to be unaffected by the notification.
Outlook, Management Commentary, and Risks
Management Action: The Company intends to monitor its closing bid price and market values. It plans to implement available options to regain compliance if appropriate.
Compliance Path: If the Company achieves compliance with the standards for a minimum of ten consecutive business days during the 180-day period, Nasdaq will provide written confirmation and close the matter.
Risks: Failure to regain compliance by January 11, 2027, could result in delisting from the Nasdaq Global Market.
Investor Verification Checklist
- Verify the current trading price of OBAI to assess the gap from the $1.00 minimum bid requirement.
- Calculate the current market capitalization and public float to determine the shortfall against the $50 million and $15 million thresholds.
- Monitor the Company's stock price for ten consecutive business days to see if it meets the early compliance exit criteria.
- Review future filings for any announced capital raising activities or reverse stock splits intended to address the bid price deficiency.
- Confirm the Company's status on the Nasdaq website regarding non-compliant listings.