Bond Announces Conversion of Outstanding Debt into Equity at Significant Premium to Market

Rhea-AI Summary

Bond (NASDAQ:OBAI) announced that major investor Ascent Partners Fund exchanged approximately $3.3 million of debt into Series G convertible preferred stock, convertible to common shares at $2.0265 per share, a premium of more than 200% to recent trading levels.

The conversion and a separate agreement with Eastward Fund Management to move nearly $1 million of 2026 payments into 2027 are expected to reduce Bond’s 2026 debt burden by $4.3 million and strengthen its balance sheet.

Positive

• About $3.3M of debt exchanged into equity, reducing outstanding obligations
• Conversion price of $2.0265 is over 200% above recent market price
• 2026 debt burden reduced by approximately $4.3M
• Nearly $1M of 2026 payments deferred into 2027, improving 2026 cash flexibility
• Balance sheet strengthened through debt reduction and extended repayment schedule

Negative

• Convertible preferred equity may create future dilution upon conversion to common stock
• Deferring nearly $1M of payments increases Bond’s obligations in 2027

Argus Jun 16 session

+107.63% close to close Open Argus

Details

News Market Reaction – OBAI

In the Jun 16 session, OBAI gained 107.63%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +107.6% in the session following this news. A strong positive reaction aligns with ...

Analysis

The stock surged +107.6% in the session following this news. A strong positive reaction aligns with the balance-sheet improvement described, including conversion of $3.3M of debt into equity at a $2.0265 per-share price and a 200%+ premium to recent trading levels. Historically, Bond’s news flow has drawn mixed responses, with some positive updates sold into. Investors would likely weigh this de-leveraging against prior losses and liability levels from recent filings when assessing how durable any sharp upside move might be.

Key Figures

Debt exchanged: $3.3 million Conversion price: $2.0265 per share Premium to market: More than 200% +5 more

Debt exchanged

$3.3 million

Outstanding debt converted into convertible preferred equity

Conversion price

$2.0265 per share

Conversion price into common stock for Series G preferred

Premium to market

More than 200%

Premium of conversion price to recent trading levels

2026 debt reduction

$4.3M

Reduction of 2026 debt burden from conversion and payment adjustment

Payments deferred

Nearly $1M

Debt payments moved from 2026 into 2027

Security requests

1.4 million+

Security service requests supported by Bond’s platform

Emergencies handled

10,000+

Emergencies and life-saving interventions supported

Countries of operation

28 countries

Geographic reach of Bond’s operations

Historical Context

5 past events · Latest: Jun 09

5 events

1. Jun 09

   Platform recognition

   24h Move

   +10.9%

   Highlighted 1.4M security requests and rising recognition supporting future growth.

2. Jun 04

   Investor conference

   24h Move

   +0.9%

   Announced CEO participation and webcast at The Small Cap Showcase & WTR Insights.

3. May 15

   Q1 2026 earnings

   24h Move

   -10.1%

   Reported ~$2.3M revenue vs. higher expenses, driving ~$6.7M net loss and cash constraints.

4. May 12

   Conference presentation

   24h Move

   -2.5%

   Disclosed upcoming LD Micro Invitational XVI presentation and investor outreach plans.

5. Apr 23

   Major VC adoption

   24h Move

   -16.1%

   Top-5 VC firm chose Bond and began introducing its platform across portfolio companies.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

convertible preferred equity, series g convertible preferred stock, promissory notes, form 8-k, +1 more

5 terms

convertible preferred equity financial

"exchanged approximately $3.3 million of outstanding debt for convertible preferred equity priced"

A class of company ownership that gives holders priority for dividends and claims on assets but can be exchanged later for ordinary shares, like a special ticket that can be turned into regular stock. It matters to investors because it blends steady income and downside protection with the potential for stock-market upside, affecting expected returns, future share dilution, and control over the company depending on when and how conversion happens.

series g convertible preferred stock financial

"for newly designated shares of Series G Convertible Preferred Stock that are convertible into"

A Series G convertible preferred stock is a specific class of preferred shares that gives its holders priority for dividends and claims on assets, plus the right to convert those shares into common stock under set terms. It matters to investors because it blends income and downside protection with the potential for upside — like holding a bond that can turn into stock — and conversion can dilute existing owners and change voting power and future returns.

promissory notes financial

"Ascent Partners Fund LLC (“Ascent”) — exchanged outstanding promissory notes for newly designated"

A promissory note is a written IOU in which a borrower promises to repay a specific amount to a lender, usually with stated interest and by a set date. Investors care because these notes are a formal debt claim—like holding a scheduled payment stream—so they affect a company’s borrowing costs, cash flow and credit risk; notes can be bought, sold or used as collateral, which influences liquidity and recoveries if things go wrong.

form 8-k regulatory

"set forth in a Current Report on Form 8-K filed by the Company with the"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

nasdaq financial

"Our Bond, Inc. (“Bond”) (NASDAQ: OBAI), the creator of the world’s first"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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Major Investor Exchanges Approximately $3.3 Million of Debt for Convertible Preferred Equity Priced at $2.0265 Per Common Share — a Premium of More Than 200% to Recent Trading Levels

Above-Market Conversion Along With Separate Payment Schedule Adjustment Reduce 2026 Debt Burden By $4.3M, Reflecting Investors’ Strong Confidence in Bond’s Long-Term Outlook

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Our Bond, Inc. (“Bond”) (NASDAQ: OBAI), the creator of the world’s first AI-powered Preventative Personal Security platform adopted by leading multinational companies, today announced that a major investor in the Company has exchanged approximately $3.3 million of outstanding debt for convertible preferred equity, with a conversion price into the Company’s common stock of $2.0265 per share. The conversion price represents a significant premium of more than 200% to Bond’s recent market price, underscoring the investor’s strong confidence in the Company’s outlook and long-term growth potential.

Under the agreement, the investor — Ascent Partners Fund LLC (“Ascent”) — exchanged outstanding promissory notes for newly designated shares of Series G Convertible Preferred Stock that are convertible into Bond common stock at $2.0265 per share, well above the prevailing market price. Upon closing, the related notes will be deemed paid in full, reducing the Company’s outstanding debt and strengthening its balance sheet. The Company views Ascent’s decision to convert at a substantial premium, rather than at current trading levels, as a clear endorsement of Bond’s trajectory and the significant opportunity ahead. Additional details regarding the transaction are set forth in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission.

The Company also entered into a separate agreement with another investor, Eastward Fund Management LLC, to significantly delay the repayment of existing debt including moving nearly $1M of payments from 2026 into 2027. This will allow the company to invest further into growth over the remainder of 2026, including by it’s re-alignment of the sales organization to better operate across many channels and markets.

“Thank you to our long-standing partners Ascent and Eastward for their continued confidence and support. Ascent’s decision to convert debt into equity at an approximately 4x premium to our current market price, as well as Eastward’s willingness to postpone payments, speak volumes about our collective conviction that Bond will be one of the most impactful companies both in terms of the livelihood of people and financially, and that the current share price is grossly misaligned with the true value and potential of the company. Smart money!” said Doron Kempel, Founder and Chief Executive Officer of Bond. “We remain focused on accelerating growth, to which we will now be able to devote significantly more capital in 2026 as we build Bond into the new global standard for personal security and peace of mind.”

Bond’s platform has supported more than 1.4 million security service requests, including over 10,000 emergencies and life-saving interventions, and the Company operates in 28 countries and growing. Bond believes that growing recognition of preventative personal security — as both an emerging employee benefits category for enterprises and a rising priority for families seeking to protect their loved ones — will continue to accelerate adoption and growth in 2026 and beyond.

About Bond
Bond is an international company headquartered in New York City — with command centers around the world — that is redefining personal security through its AI-powered Preventative Personal Security platform. The company has invested more than $100 million to date in its technology, operations, and global expansion.

Bond is trusted by leading corporations, cities, and universities, and has already supported more than 1.4 million security service requests, including over 10,000 emergencies and life-saving interventions. Bond operates in 28 countries and growing, positioning itself as a new global standard for personal security and peace of mind. Additional information about the Company is available at: www.ourbond.com.

Forward-Looking Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading “Risk Factors” in our most recent Registration Statement on Form S-1, under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K, or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Our Bond, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise that occur after the date of this release, except as required by law.

Contact:
Crescendo Communications, LLC
212-671-1020
OBAI@crescendo-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Bond (NASDAQ:OBAI) announce about its debt conversion on June 16, 2026?

Bond announced that a major investor converted about $3.3 million of debt into Series G convertible preferred equity. According to Bond, this exchange reduces outstanding debt and supports the company’s long-term capitalization strategy and balance sheet strength.

At what price is Bond’s new Series G preferred stock convertible into OBAI common shares?

The Series G convertible preferred stock converts into Bond common stock at $2.0265 per share. According to Bond, this represents a premium of more than 200% to recent market prices, indicating strong investor support at levels well above current trading.

How much will Bond’s 2026 debt burden be reduced by the OBAI transactions?

Bond expects its 2026 debt burden to be reduced by $4.3 million. According to Bond, this reduction comes from Ascent’s $3.3 million debt-for-equity swap and a separate payment schedule adjustment with Eastward that defers nearly $1 million from 2026 into 2027.

What agreement did Bond reach with Eastward Fund Management regarding OBAI’s debt payments?

Bond agreed with Eastward Fund Management to significantly delay repayment of existing debt, shifting nearly $1 million of payments from 2026 to 2027. According to Bond, this deferral frees additional capital to invest in growth initiatives during 2026.

What does the OBAI debt-for-equity conversion mean for potential shareholder dilution?

The transaction introduces Series G convertible preferred stock, which may convert into common shares later. According to Bond, these securities convert at $2.0265 per share, so future conversion could increase the common share count and dilute existing shareholders.

How do these June 2026 capital actions support Bond’s growth strategy for OBAI?

The debt conversion and payment deferral are intended to cut 2026 obligations and boost available capital. According to Bond, this improved flexibility helps fund sales realignment and broader growth initiatives while investors show confidence through above-market conversion terms.