Our Bond Inc.
03/30/2026 | Press release | Distributed by Public on 03/30/2026 04:07
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On March 29, 2026, Our Bond, Inc., a Nevada corporation ("we," "us," "our" or the "Company") entered into Amendment No. 2 (the "Amendment") to the Securities Purchase Agreement with Ascent Partners Fund LLC ("Ascent") dated October 27, 2025, as amended (the "Equity Line SPA"). Under the terms of the Equity Line SPA, we will have the right, but not the obligation, to require Ascent to purchase shares of our common stock in one or more tranches subject to certain limits and conditions set forth therein. The Equity Line SPA provides for both "Regular Closings" and "Expanded Closings."
The Amendment makes certain technical and operational changes to the terms of the Equity Line SPA, including the following:
| ● | For "Regular Closings" under the Equity Line SPA, the maximum total purchase price was amended so that it shall not exceed the lower of: (a) $1,000,000 and (b) 100% of the average daily traded value of our common stock over the ten (10) trading days immediately preceding the closing date. |
| ● | The Company is permitted to deliver an advance notice for a Regular Closing or an Expanded Closing at any time during a trading day and may deliver multiple advance notices in the same trading day, provided that the required conditions set forth in the agreement are met or waived. |
| ● | For an Expanded Closings, which feature a maximum purchase price of up to $5,000,000, the Amendment provides that the Company can only deliver an advance notice on a trading day: (i) on which the bid price for its common stock is at least fifteen percent (15%) greater than the closing price on the immediately preceding trading day, and (ii) the trading volume for the Company's common stock exceeds three (3) times the average daily trading volume of the common stock for the ten (10) immediately preceding trading days. Notwithstanding the foregoing, if the average daily traded value of the company's common stock for the preceding ten (10) trading days exceeds $4,000,000, then the Company may deliver an advance notice for an Expanded Closing regardless of these two conditions. |
| ● | The definitions of volume-weighted average price ("VWAP"), daily traded value, and volume have been amended to include trading activity from extended hours trading, as well as regular market hours. |
| ● | The defined "Effective Date" of the Equity Line SPA was clarified as the effective date of the registration statement for Ascent's re-sale of the common stock to be purchased under the agreement. |
The foregoing is a summary of the material terms of the Amendment. The Amendment, which is filed herewith as Exhibit 10.1, contains additional terms, covenants, and conditions and should be reviewed in its entirety for additional information.
Our Bond Inc. published this content on March 30, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 30, 2026 at 10:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]