-+ 0.00%
-+ 0.00%
-+ 0.00%

Our Bond Converts About $15 Million of Debt and Preferred Stock Into Equity

PUBT·11/03/2026 13:09:10
Our Bond Converts About $15 Million of Debt and Preferred Stock Into Equity
  • Our Bond announced a financial restructuring to convert approximately $15 million of debt and preferred stock into equity.
  • Eastward will convert approximately $7.9 million into newly structured Series G Preferred Stock, eliminating outstanding secured debt.
  • The restructuring removes approximately $3.7 million of loan payments scheduled for 2027 and ends approximately $700,000 in annual cash preferred dividends.
  • The transactions eliminate approximately 90% of the $15.3 million stockholders' deficit recorded on September 30, 2026.
  • Ascent committed up to $10 million for common stock at $2.75 per share, a 23% premium to the October 30 closing price.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Our Bond Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611030800PRIMZONEFULLFEED9868989) on November 03, 2026, and is solely responsible for the information contained therein.