secwatch.observer — SEC 8-K summary
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Issuer:     Our Bond, Inc. (OBAI)
CIK:        0001756064
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001493152-26-008416
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Our Bond amends warrant terms to reduce exercise price for 12M shares; issues $2.5M promissory note
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- Warrant exercise price reduced on 12M shares: $2.25 for 4.5M shares, $2.75 for 3.75M, $3.25 for 3.75M, each for 90 days; then reverts to $12.35.
- Issued $2.5M promissory note to Ascent Partners Fund, LLC, with 10% annual interest, maturing September 1, 2026.
- 25% of net proceeds from future offerings must be applied to note repayment; default rate increases to 24% with 10% late fees.
- Events of default include payment failures, breaches of covenants, and change of control, with broad acceleration rights for the holder.
- Warrant originally covered 16M shares at $12.35; 15.99M shares remain purchasable with expiration July 27, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756064/000149315226008416/0001493152-26-008416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756064/000149315226008416/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008416

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