other material
confidence high
sentiment neutral
materiality 0.50
Our Bond amends equity line SPA; regular purchase cap raised to $1M
Our Bond, Inc.
- Regular closing max purchase price increased from $500K to $1M.
- Expanded closing (up to $5M) now requires 15% bid price gain vs prior close and volume >3x 10-day avg.
- If 10-day avg daily traded value exceeds $4M, expanded closing conditions are waived.
- Company can deliver multiple advance notices on same trading day for regular or expanded closings.
- VWAP, daily traded value, and volume definitions expanded to include extended hours trading.