Our Bond plans 1-for-20 reverse stock split
OBAI•Our Bond plans to consolidate its common stock in a 1-for-20 reverse split, expected within weeks pending Nasdaq processes. The effective date has not been set.
1. Split and listing plans
Our Bond said the reverse split is part of its capital markets strategy and aims to raise its share price, broaden institutional eligibility, reduce its float and support Nasdaq compliance. Nasdaq flagged the stock in July over continued listing issues, including the $1.00 minimum bid price rule; the deadline is Jan. 11, 2027.
