Our Bond Announces That A Major Investor In The Company Has Exchanged ~$3.3M Of Outstanding Debt For Convertible Preferred Equity, With A Conversion Price Into The Company's Common Stock Of $2.0265 Per Share

Major Investor Exchanges Approximately $3.3 Million of Debt for Convertible Preferred Equity Priced at $2.0265 Per Common Share — a Premium of More Than 200% to Recent Trading Levels

Above-Market Conversion Along With Separate Payment Schedule Adjustment Reduce 2026 Debt Burden By $4.3M, Reflecting Investors' Strong Confidence in Bond's Long-Term Outlook

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Our Bond, Inc. ("Bond") (NASDAQ:OBAI), the creator of the world's first AI-powered Preventative Personal Security platform adopted by leading multinational companies, today announced that a major investor in the Company has exchanged approximately $3.3 million of outstanding debt for convertible preferred equity, with a conversion price into the Company's common stock of $2.0265 per share. The conversion price represents a significant premium of more than 200% to Bond's recent market price, underscoring the investor's strong confidence in the Company's outlook and long-term growth potential.

Under the agreement, the investor — Ascent Partners Fund LLC ("Ascent") — exchanged outstanding promissory notes for newly designated shares of Series G Convertible Preferred Stock that are convertible into Bond common stock at $2.0265 per share, well above the prevailing market price. Upon closing, the related notes will be deemed paid in full, reducing the Company's outstanding debt and strengthening its balance sheet. The Company views Ascent's decision to convert at a substantial premium, rather than at current trading levels, as a clear endorsement of Bond's trajectory and the significant opportunity ahead. Additional details regarding the transaction are set forth in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission.

The Company also entered into a separate agreement with another investor, Eastward Fund Management LLC, to significantly delay the repayment of existing debt including moving nearly $1M of payments from 2026 into 2027. This will allow the company to invest further into growth over the remainder of 2026, including by it's re-alignment of the sales organization to better operate across many channels and markets.