8-KFiled Jul 15, 8:00 PM ET
Our Bond, Inc. Receives Nasdaq Notice of Non-Compliance
$OBAI · Our Bond, Inc.Research Summary
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Our Bond, Inc. Receives Nasdaq Notice of Non-Compliance
What Happened
- Our Bond, Inc. (OBAI) filed an 8‑K on July 16, 2026 reporting that on July 14, 2026 it received Notification Letters from the Nasdaq Stock Market saying the Company is not in compliance with several Nasdaq listing standards.
- Nasdaq warned the company has not met the $1.00 minimum bid price for 30 consecutive days, nor the minimum market value of publicly held shares ($15 million) or market value of listed securities ($50 million) for the past 30 consecutive days.
Key Details
- Date of Nasdaq notice: July 14, 2026; 8‑K filed July 16, 2026.
- Specific non‑compliance: Nasdaq Listing Rules 5450(a)(1) (min. $1.00 bid), 5450(b)(2)(C) (min. $15M public float), and 5450(b)(2)(A) (min. $50M market value of listed securities).
- Cure period: Nasdaq gave the Company 180 calendar days to regain compliance — deadline of January 11, 2027. If compliance is achieved for 10 consecutive business days during that period, Nasdaq will confirm and close the matter.
- Nasdaq will publish the Company on its list of non‑compliant companies (listing the basis) beginning five business days after the Notification Letters; the Company said its business operations are not affected at this time.
Why It Matters
- This notice signals that OBAI currently fails multiple Nasdaq listing requirements; the company has a defined window (until Jan 11, 2027) to regain compliance. Investors should note the compliance timeline and monitor stock price and public float metrics, as well as future company updates.
- The 8‑K confirms the situation but does not change the current Nasdaq listing immediately; the Company stated it will monitor its closing bid price and may take available steps to regain compliance.