Our Bond Completes 1-for-20 Reverse Stock Split to Boost Share Price…

Event summary

Our Bond's 1-for-20 reverse stock split takes effect October 19, 2026, reducing outstanding shares from ~32.6 million to ~1.63 million.
The split adjusts stock options and warrants proportionally, with fractional shares rounded up to whole shares.
CEO Doron Kempel cites alignment of company value with stock price and Nasdaq's minimum bid price requirement as key motivations.
The company's common stock will continue trading under the ticker symbol OBAI with a new CUSIP number (87338C301).

The big picture

The reverse stock split is a strategic move to address the disconnect between Bond's perceived value and its stock price, a common challenge for growth-stage companies in the security technology sector. By reducing share count and potentially attracting long-term investors, Bond aims to stabilize its market position while continuing its global expansion. The move reflects broader trends of capital restructuring among tech firms seeking to optimize their public market presence.

What we're watching

Market Perception: How the reduced float and higher share price will impact institutional investor interest and trading liquidity.
Nasdaq Compliance: Whether the reverse split successfully addresses Nasdaq's minimum bid price requirement and avoids delisting risks.
Strategic Focus: The pace at which Bond can demonstrate business progress and customer growth to justify the valuation implied by the reverse split.