06/18/2026 | Press release | Distributed by Public on 06/18/2026 06:07
Item 8.01 Other Events
In July of 2023, Our Bond, Inc., a Nevada corporation ("we," "us," "our" or the "Company") entered into an unsecured revolving note (the "Revolving Note") with ProdActive II, LLC, a large shareholder related to our Founder and Chief Executive Officer. Under the Revolving Note, as amended and restated, the noteholder may, in its sole discretion, lend to the Company from time to time such amounts as may be requested by the Company, up to a total of $3,000,000, with a maturity date of July 5, 2026. The principal amount outstanding under the Revolving Note bears annual interest at the 'Applicable Federal Rate,' which is the minimum interest rate set by the IRS for loans between related parties. The balance due under the Revolving Note is currently $0.
On June 16, 2026, the parties agreed to extend the maturity date of the Revolving Note for one year to July 7, 2027, in order to ensure that this source of low-interest unsecured financing would continue to be available to the Company if and when needed over the next year.