Our Bond, Inc. 8-K

What Happened
Our Bond, Inc. filed a Form 8-K (June 18, 2026) reporting that it amended and restated an unsecured revolving note with ProdActive II, LLC, a large shareholder related to the company's Founder and CEO. The lender may advance funds up to $3,000,000; the note originally matured July 5, 2026 and, on June 16, 2026, the parties agreed to extend the maturity to July 7, 2027. Interest accrues at the Applicable Federal Rate (the IRS minimum rate for related-party loans). The current balance under the note is $0.

Key Details

• Lender: ProdActive II, LLC (related to Founder & CEO).
• Facility: Unsecured revolving note, capacity up to $3,000,000.
• Interest: Annual interest at the Applicable Federal Rate (AFR).
• Dates: Original maturity July 5, 2026; extension agreed June 16, 2026 to new maturity July 7, 2027. Current principal outstanding: $0.

Why It Matters
The extension preserves a potential source of low-interest, unsecured financing from a major shareholder through July 7, 2027, which the company says is intended to be available "if and when needed." Investors should note the funding is from a related party (which can raise governance considerations) and that no funds are currently drawn under the note.