Corporate ActionJul 17, 2026, 04:37 PM
Our Bond Registers 10M Shares for Resale by Selling Stockholders
AI Summary
Our Bond, Inc. filed an S-1 registration statement to register up to 10,000,000 shares of common stock for resale by selling stockholders, primarily Ascent Partners Fund LLC. These shares include those issuable under an Equity Line SPA and upon conversion of Series G Preferred Stock. The company will not receive any proceeds from these sales, which are expected to cause significant dilution to existing stockholders. Our Bond is classified as a "controlled company" due to CEO Doron Kempel's substantial voting power, and also as an "emerging growth company" and "smaller reporting company".
Key Highlights
- Registers up to 10,000,000 shares of common stock for resale by selling stockholders.
- 8,726,725 shares are from an Equity Line SPA with Ascent Partners Fund LLC.
- 1,203,275 shares are from conversion of Series G Preferred Stock held by Ascent.
- Our Bond will not receive any proceeds from the sale of these registered shares.
- Equity Line SPA allows sale of up to $50,000,000 worth of common stock to Ascent.
- As of July 17, 2026, $4,160,242 has been raised from the Equity Line SPA by selling 5,467,310 shares.
- CEO Doron Kempel beneficially owns approximately 91.36% of voting power, making it a "controlled company".
- Common stock listed on Nasdaq Global Market under "OBAI", last sale price $0.65 on July 15, 2026.
Price Impact
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