secwatch.observer — SEC 8-K summary
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Issuer:     Our Bond, Inc. (OBAI)
CIK:        0001756064
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001493152-26-006898
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Our Bond issues $526k promissory note with 10% interest to Ascent Partners
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- Issued $526,315.79 promissory note to Ascent Partners Fund at $500,000 purchase price (5% OID).
- Note bears 10% annual interest, matures June 30, 2026; default rate rises to 24%.
- Proceeds from future equity issuances must be used to prepay note (mandatory prepayment clause).
- Late fee of 10% on overdue payments; events of default include failure to pay, cross-default over $150k, change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756064/000149315226006898/0001493152-26-006898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756064/000149315226006898/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-006898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer