8-K
filed June 16, 2026, 8:17 AM ET
ticker OBAI
CIK 0001756064
other material
confidence high
sentiment negative
materiality 0.80
Our Bond exchanges $3.3M notes for Series G preferred, amends loan, reprices warrants, COO departs
Our Bond, Inc.
- Exchanged $3,302,458 in promissory notes for 366,941 Series G preferred shares convertible at $2.0265, 10% annual dividend.
- Loan amendment with Eastward Fund Management reduces H2 2026 payments to $50K–$150K/month; final $3.9M due July 2028; 250K common shares issued.
- Ascent warrants repriced: 3M expiring 2027 at $1.25, 1.5M expiring 2027 at $1.25, 4.5M expiring 2027 at $2.25.
- Michael Lambert departed as Head of Commercial Operations effective June 12; no disagreement with company.
- Series C and D preferred certificates amended to align redemption proceeds terms with Series G.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Lambert departed as Head of Commercial Operations at Our Bond, Inc..
- Action
- departed
- Role
- Head of Commercial Operations
Exact text from the filing
Michael Lambert has departed from his position as Head of Commercial Operations, effective June 12, 2026.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.4
Our Bond, Inc.: Disclosures regarding Series G Preferred Stock incorporated by reference from Item 1.01, not describing any amendment to articles/bylaws or fiscal year change.
- Change
- fiscal year change
Exact text from the filing
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year The disclosures in Item 1.01. above, regarding the Series G Preferred Stock are incorporated herein by reference.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Our Bond, Inc. entered into Exchange Agreement with Ascent Partners Fund LLC valued at Issued 366,941 shares of Series G Convertible Preferred Stock in exchange for Promissory Notes with (effective 2026-06-11).
- Action
- entry
- Counterparty
- Ascent Partners Fund LLC
- Value
- Issued 366,941 shares of Series G Convertible Preferred Stock in exchange for Promissory Notes with
- Effective
- 2026-06-11
Exact text from the filing
On June 11, 2026, Our Bond, Inc., a Nevada corporation (“we,” “us,” “our” or the “Company”) entered into an Exchange Agreement (the “Agreement”) with Ascent Partners Fund LLC (“Ascent”). Under the Agreement, we issued a total of 366,941 shares of our newly-designated Series G Convertible Preferred Stock (the “Series G Preferred Stock”) to Ascent in exchange for Promissory Notes owed to Ascent (collectively, the “Notes”) as follows: (1) a Note issued March 1, 2025 in the original principal amount of $2,500,00, with a current balance of $2,292,179.8, was exchanged for 254,687 shares of Series G Preferred Stock; and (2) a Note issued May 4, 2026 in the original principal amount of $1,000,000, with a current balance of $1,010,277.78, was exchanged for 112,254 shares of Series G Preferred Stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Our Bond, Inc. amended Warrant Amendment with Ascent Partners Fund LLC valued at Exercise prices of common stock purchase warrants held by Ascent were adjusted: 3,000,000 warrants e (effective 2026-06-11).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- Ascent Partners Fund LLC
- Value
- Exercise prices of common stock purchase warrants held by Ascent were adjusted: 3,000,000 warrants e
- Effective
- 2026-06-11
Exact text from the filing
On June 11, 2026, we entered into an Amendment (the “Warrant Amendment”) to the common stock purchase warrants (the “Warrants”) held by Ascent. Under the Warrant Amendment, the exercise prices of the Warrants held by Ascent were adjusted.
View on SEC.gov
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