Our Bond, Inc. 8-K

What Happened

• Our Bond, Inc. (OBAI) announced on March 29, 2026 that it entered Amendment No. 2 to its Securities Purchase Agreement with Ascent Partners Fund LLC (the “Equity Line SPA”). The Equity Line gives the company the right, but not the obligation, to require Ascent to buy shares of common stock in one or more closings subject to limits and conditions.
• The Amendment makes operational and definitional changes to how Regular Closings and Expanded Closings are executed, clarifies the SPA’s Effective Date (tied to the resale registration statement for Ascent), and updates price/volume calculations to include extended-hours trading.

Key Details

• Regular Closings: maximum total purchase price changed to the lower of (a) $1,000,000 and (b) 100% of the average daily traded value of OBAI common stock over the 10 trading days before the closing.
• Expanded Closings: permit up to $5,000,000 but only when (i) the bid price is at least 15% higher than the prior day’s close and (ii) trading volume exceeds 3x the 10-day average — unless the 10-day average daily traded value exceeds $4,000,000, in which case the Expanded Closing conditions don’t apply.
• The company may deliver advance notices for Regular or Expanded Closings any time during a trading day and may deliver multiple advance notices in the same trading day if conditions are met or waived.
• VWAP, daily traded value, and volume definitions now include extended-hours trading activity.

Why It Matters

• This amendment affects how and when OBAI can raise equity capital under the Ascent equity line. It gives the company more operational flexibility (e.g., multiple notices, intraday notices) but also places caps and market-liquidity conditions that limit potential issuances.
• For investors, the key takeaways are potential dilution if the company elects to sell shares under the facility and the conditions that make larger ($5M) issuances contingent on higher price and volume or sufficient average traded value. The change to include extended-hours trading may affect eligibility for closings and calculation of pricing/volume metrics.
• The filing is an update to the financing agreement (Item 1.01); it does not report new financial results or executive changes.