Bond converts debt to equity at premium, boosting OBAI outlook
Bond announced Ascent converted about $3.3M of debt into Series G Convertible Preferred at $2.0265 per share, a premium above recent levels, reducing debt and signaling confidence in long-term growth. Eastward Fund Management agreed to push roughly $1M of 2026 payments to 2027, freeing capital for growth initiatives. The moves strengthen the balance sheet and may lift near-term sentiment for OBAI.
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