Our Bond sells $250,000 of common stock, converts $8.7 million of debt and fees to preferred
Our Bond, Inc. (OBAI) converted its senior secured loan from Eastward Fund Management and fees owed to Maxim Group into Series G Preferred Stock, and exchanged older Series C and D preferred stock for Series G with Ascent Partners. On November 3, 2026, it also agreed to sell up to $10 million of common stock to an accredited investor, with $250,000 issued at the initial closing. The filing describes dilution-related terms, including conversion price adjustments, resale registration obligations, and leak-out limits on the holders' stock sales, which matter to shareholders because the share count could grow.
Key points
- Eastward loan obligations of $7,878,149.32 converted into 787,815 Series G Preferred shares; Eastward's Series B-1 Warrants were retired.
- Maxim fees of $803,940.82 converted into Series G Preferred shares; Ascent exchanged 52,500 Series C and 525,451 Series D preferred shares for 577,948 Series G shares.
- November 3, 2026 private offering: up to $10,000,000 of common stock at $2.75 per share; initial closing issued 90,909 shares for $250,000.
- Series G conversion price is $2.0265 per common share, with dividends at 10% annually, rising to 24% after a triggering event.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.