Our Bond, Inc. (NASDAQ: OBAI) filed a Current Report on Form 8-K on September 28, 2026, detailing a business update and corporate governance actions. The company reported positive momentum following its participation in Global Security Exchange (GSX) 2026 and announced the approval of a 1-for-20 reverse stock split.
The business update highlighted that in the two weeks following GSX, the company received strong follow-up from corporate security leaders and government officials. More than 50 enterprise and government organizations with over 10,000 employees each entered the company's pipeline at the event. The company noted that meetings with prospective customers have been easier to schedule, more productive, and a greater share are advancing to the next stage of the sales process.
Bond also reported progress in its government channel, with ongoing discussions with mayors and senior officials in approximately 20 cities. The company cited a specific case where a city funding the service for its population saw a 60% adoption rate among those offered the service. Additionally, research conducted by EY indicated that Bond's Preventative Personal Security services generate a positive return on investment for corporations, with an average annual benefit of between $180 and $280 per employee.
In corporate governance matters, the Board of Directors and shareholders approved a 1-for-20 proportional reverse stock split of the company's common stock. Under this arrangement, each 20 shares of issued and outstanding Common Stock will combine into one share. The number of authorized shares of Common Stock will be proportionately reduced, and the company intends to file an amendment to increase authorized shares to 200,000,000 following the split.
The company stated that the reverse split is intended to reduce the float and make shares eligible for institutional investors whose policies restrict purchases of lower-priced stocks. The filing noted that the effective date and implementation details have not yet been determined, though the company anticipates announcing them within weeks. The action is also intended to assist with Nasdaq compliance matters, as the company was notified in July 2026 that it was not in compliance with the $1.00 minimum bid price requirement and was given until January 11, 2027, to regain compliance.
Founder and CEO Doron Kempel is scheduled to host an investor webinar on October 1, 2026, at 11:00 AM Eastern Time to discuss the business update and the rationale for the reverse stock split.
