2026-03-30 10:08:27
Our Bond, Inc. Enters Amendment to Securities Purchase Agreement with Ascent Partners Fund LLC
Expected Stock impact: Slightly Positive
On March 29, 2026, Our Bond, Inc., a Nevada corporation, announced that it has entered into Amendment No. 2 to its Securities Purchase Agreement (SPA) with Ascent Partners Fund LLC. This amendment modifies the terms under which Ascent can purchase shares of Our Bond's common stock. The SPA allows the company to require Ascent to purchase shares in multiple tranches, subject to certain conditions. The amendment introduces changes to the maximum purchase price for 'Regular Closings', now set at the lower of $1,000,000 or 100% of the average daily traded value of the common stock over the preceding ten trading days. Additionally, the company can deliver advance notices for closings at any time during a trading day, provided conditions are met. For 'Expanded Closings', which can involve purchases up to $5,000,000, the company must meet specific trading conditions, including a bid price at least 15% higher than the previous day's closing price and a trading volume exceeding three times the average daily volume over the last ten days. The amendment also clarifies definitions related to trading activity and the effective date of the SPA. This strategic move is expected to enhance the company's liquidity and provide more flexible financing options as it continues to grow.
