Our Bond investor converts USD 3.3 million debt into preferred equity at USD 2.03 per share conversion price

Our Bond, Inc.

Our Bond, Inc.

OBAI

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  • Our Bond converted about $3.3 million of outstanding debt into Series G Convertible Preferred Stock via Ascent Partners Fund.
  • Conversion price set at $2.03 per common share, a premium of more than 200% to recent trading levels.
  • Transaction deems the promissory notes paid in full, cutting outstanding debt and strengthening the balance sheet.
  • Separate deal with Eastward Fund Management delays repayments, shifting nearly $1 million of 2026 payments into 2027.
  • Company expects the moves to reduce its 2026 debt burden by $4.3 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Our Bond Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606160807PRIMZONEFULLFEED9747686) on June 16, 2026, and is solely responsible for the information contained therein.

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