secwatch.observer — SEC 8-K summary
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Issuer:     Our Bond, Inc. (OBAI)
CIK:        0001756064
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001493152-26-020987
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Our Bond reduces maximum equity line from $300M to $50M, issues $1M note, adjusts warrants
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- Equity line cap cut to $50M; expanded closings require bid >115% prior close and volume >150% of 10-day avg.
- Warrants amended: 9M shares at exercise prices $1.25–$4.50; 15.99M warrants at $12.35 and 300K at $3.2475 cancelled.
- Issued $1M note to Ascent at 10% interest, due Sept 1, 2026; 25% of future offering proceeds must prepay note.
- Series D preferred conversion price set at $2.0265; new leak-out limits daily sales to 10% of volume unless at 115% premium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756064/000149315226020987/0001493152-26-020987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756064/000149315226020987/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-020987

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