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Our Bond (OBAI) revises equity line purchase agreement with Ascent Partners

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Our Bond, Inc. entered into Amendment No. 2 to its Securities Purchase Agreement with Ascent Partners Fund LLC on March 29, 2026. This amendment updates technical and operational terms of the existing equity line agreement, under which the company may require Ascent to purchase common stock in multiple tranches through Regular and Expanded Closings, subject to limits and conditions described in the agreement and attached exhibit.

Positive

  • None.

Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
false 0001756064 0001756064 2026-03-29 2026-03-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 29, 2026

 

Our Bond, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-43087   83-1751618

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

85 Broad Street, New York, New York 10004
(Address of principal executive offices)   (Zip Code)

 

(888) 567-6234

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   OBAI   The Nasdaq Stock Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On March 29, 2026, Our Bond, Inc., a Nevada corporation (“we,” “us,” “our” or the “Company”) entered into Amendment No. 2 (the “Amendment”) to the Securities Purchase Agreement with Ascent Partners Fund LLC (“Ascent”) dated October 27, 2025, as amended (the “Equity Line SPA”). Under the terms of the Equity Line SPA, we will have the right, but not the obligation, to require Ascent to purchase shares of our common stock in one or more tranches subject to certain limits and conditions set forth therein. The Equity Line SPA provides for both “Regular Closings” and “Expanded Closings.”

 

The Amendment makes certain technical and operational changes to the terms of the Equity Line SPA, including the following:

 

For “Regular Closings” under the Equity Line SPA, the maximum total purchase price was amended so that it shall not exceed the lower of: (a) $1,000,000 and (b) 100% of the average daily traded value of our common stock over the ten (10) trading days immediately preceding the closing date.

 

The Company is permitted to deliver an advance notice for a Regular Closing or an Expanded Closing at any time during a trading day and may deliver multiple advance notices in the same trading day, provided that the required conditions set forth in the agreement are met or waived.

 

For an Expanded Closings, which feature a maximum purchase price of up to $5,000,000, the Amendment provides that the Company can only deliver an advance notice on a trading day: (i) on which the bid price for its common stock is at least fifteen percent (15%) greater than the closing price on the immediately preceding trading day, and (ii) the trading volume for the Company’s common stock exceeds three (3) times the average daily trading volume of the common stock for the ten (10) immediately preceding trading days. Notwithstanding the foregoing, if the average daily traded value of the company’s common stock for the preceding ten (10) trading days exceeds $4,000,000, then the Company may deliver an advance notice for an Expanded Closing regardless of these two conditions.

 

The definitions of volume-weighted average price (“VWAP”), daily traded value, and volume have been amended to include trading activity from extended hours trading, as well as regular market hours.

 

The defined “Effective Date” of the Equity Line SPA was clarified as the effective date of the registration statement for Ascent’s re-sale of the common stock to be purchased under the agreement.

 

The foregoing is a summary of the material terms of the Amendment. The Amendment, which is filed herewith as Exhibit 10.1, contains additional terms, covenants, and conditions and should be reviewed in its entirety for additional information.

 

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.   Description
10.1   Amendment No. 2 to Securities Purchase Agreement
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: March 30, 2026 Our Bond, Inc.
     
  By: /s/ Doron Kempel
  Name: Doron Kempel
  Title: Chief Executive Officer

 

 

 

 

FAQ

What did Our Bond, Inc. (OBAI) disclose in this 8-K filing?

Our Bond, Inc. disclosed that it entered Amendment No. 2 to its Securities Purchase Agreement with Ascent Partners Fund LLC. The amendment changes technical and operational terms of an existing equity line under which Ascent may purchase shares of Our Bond’s common stock in multiple tranches.

What is the Equity Line SPA mentioned by Our Bond, Inc. (OBAI)?

The Equity Line SPA is a Securities Purchase Agreement dated October 27, 2025, as amended, between Our Bond, Inc. and Ascent Partners Fund LLC. It allows the company to require Ascent to purchase common stock in one or more tranches under specified limits and conditions.

What does Amendment No. 2 change for Our Bond, Inc. (OBAI)?

Amendment No. 2 makes certain technical and operational changes to the existing Equity Line SPA between Our Bond, Inc. and Ascent Partners Fund LLC. While specific revisions are not detailed here, the full amendment is filed as Exhibit 10.1 and contains the updated terms and covenants.

How can investors see the full terms of the new amendment for Our Bond, Inc. (OBAI)?

Investors can review the complete terms of Amendment No. 2 in Exhibit 10.1 to the filing. The company notes that this exhibit includes additional terms, covenants, and conditions beyond the brief summary, and should be reviewed in its entirety for detailed information.

Who is Ascent Partners Fund LLC in relation to Our Bond, Inc. (OBAI)?

Ascent Partners Fund LLC is the counterparty to Our Bond, Inc. in the Equity Line SPA. Under this arrangement, Ascent may purchase shares of Our Bond’s common stock in Regular and Expanded Closings when the company elects to draw under the agreement’s terms.

Filing Exhibits & Attachments

4 documents
Our Bond, Inc.

NASDAQ:OBAI

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