Monitor the company's ability to regain Nasdaq compliance by January 11, 2027, and track future draws under the equity line facility which will cause dilution. The significant increase in operating expenses in H1 2026 (public company costs and marketing investments) and widening net losses suggest continued cash burn.
Executive Summary
Our Bond, Inc. (OBAI) filed an S-1 registration statement to register up to 600,000 shares of common stock for resale by Ascent Partners Fund LLC under an equity line financing agreement. The company provides an AI-supported 24/7 personal security platform and has incurred recurring losses, with a going concern qualification from its auditor. The filing is a routine resale registration with no new capital raised for the company.
Key Financial Metrics
Key Facts
- S-1 registers up to 600,000 shares of common stock for resale by Ascent Partners Fund LLC under an equity line SPA with a $50 million commitment.
- As of the prospectus date, 360,866 shares have been sold under the equity line for total proceeds of $4,742,074.
- Revenue for FY2025 was $9.972 million, up 2.4% from $9.736 million in FY2024.
- Net loss for FY2025 was $10.549 million, compared to $11.017 million in FY2024.
- For H1 2026, revenue was $4.469 million (down 1.2% YoY) and net loss was $11.473 million (vs $5.197 million loss in H1 2025).
- Cash and cash equivalents as of June 30, 2026 were $5.190 million, up from $599,000 at December 31, 2025.
- The company has an accumulated deficit of $150.979 million as of June 30, 2026.
- CEO Doron Kempel beneficially owns approximately 90.83% of voting power, making the company a controlled company.
- The company received a Nasdaq non-compliance notice on July 14, 2026 for minimum bid price, market value of publicly held shares, and market value of listed securities.
- The auditor's report includes a going concern qualification.
Financial Impact
No proceeds to the company from this resale offering. The equity line facility provides up to $50 million in potential future capital, with $4.74 million already drawn.
Risk Factors
- Going concern risk with substantial doubt about ability to continue without additional financing.
- Nasdaq delisting risk if compliance not regained by January 2027.
- Significant customer concentration with two customers accounting for ~65% of FY2025 revenue.
- Massive dilution risk from the $50 million equity line facility and outstanding convertible preferred stock.
- Controlled company structure with CEO holding ~91% voting power limits minority shareholder influence.
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1 Filing (Primary) | 0001493152-26-047889 |
| Exhibit: ex107.htm | 0001493152-26-047889 |
| Exhibit: ex5-1.htm | 0001493152-26-047889 |
| Exhibit: ex23-1.htm | 0001493152-26-047889 |
| Document: 0001493152-26-047889-index-headers.html | 0001493152-26-047889 |
| Document: 0001493152-26-047889-index.html | 0001493152-26-047889 |
| Document: 0001493152-26-047889.txt | 0001493152-26-047889 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | EFFECT | $2.04 | awaiting T+60 | — | $1.82 (+10.78%) |
Oct 21, 2026 5d ago | S-1 | $2.37 | awaiting T+60 | — | $1.82 (−23.21%) |
Oct 20, 2026 6d ago | 8-K | $2.30 | awaiting T+60 | — | $1.82 (−20.87%) |
Oct 15, 2026 11d ago | 8-K | $0.1438 | awaiting T+60 | — | $1.82 (+1165.65%) |
Aug 27, 2026 8w ago | 8-K | $0.3652 | awaiting T+60 | — | $1.82 (+398.36%) |
Aug 14, 2026 10w ago | 8-K | $0.3888 | awaiting T+60 | — | $1.82 (+368.11%) |
Aug 14, 2026 10w ago | Press Release | $0.3888 | awaiting T+60 | — | $1.82 (+368.11%) |
Aug 5, 2026 11w ago | Press Release | $0.4900 | awaiting T+60 | — | $1.82 (+271.43%) |
Jul 29, 2026 12w ago | 8-K | $0.5206 $2.37 | ▲ +355.24% | ▲ +350.51% | $1.82 (+249.60%) |
Jul 22, 2026 13w ago | EFFECT | $0.5135 $0.1438 | ▼ −72.00% | ▼ −75.26% | $1.82 (+254.43%) |
US Market Status
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