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TG-17, Inc. ( (OBAI) ) has issued an update.
On February 17, 2026, Our Bond, Inc. issued a $526,315.79 promissory note with a 5% original issue discount to Ascent Partners Fund, LLC for $500,000, bearing 10% annual interest and maturing on June 30, 2026. The company must make monthly interest payments and is obligated to use net proceeds of future securities offerings to repay the note until it is fully satisfied.
The note includes a steep 24% default interest rate and 10% late fees, with events of default encompassing missed payments, covenant breaches, significant other indebtedness defaults, and any change in control. These terms place tight constraints on Our Bond, Inc.’s future financing flexibility and governance, and heighten financial risk if the company encounters liquidity or compliance issues before maturity.
More about TG-17, Inc.
Our Bond, Inc., a Nevada corporation, operates in the financial sector and raises capital through securities offerings and debt instruments. The company relies on external financing arrangements such as promissory notes to support its operations and funding needs, indicating an active presence in capital markets and structured funding transactions.
Average Trading Volume: 164,550
See more data about OBAI stock on TipRanks’ Stock Analysis page.