Our Bond (OBAI) Status update summary

Product and market

• Addresses a stated TAM of over $400bn with preventative personal-security services for situations before they become emergencies.

• Operates in 29 countries; agents respond within five seconds. Nearly 1.5m service requests and over 10,000 emergencies and life-saving situations handled.

• Management cites low customer acquisition costs, high margins and a globally scalable model; new-country infrastructure is added when customers request it.

• Management describes significant technological and operational barriers to entry and says it is a recognized sole supplier.

Commercial momentum and growth

• B2B is the validated channel; city sales have produced several wins, with dialogue underway with about 20 cities, mainly in France and Israel, and US outreach beginning.

• Won an initial deal with an S&P 500 financial technology company to protect executives and at-risk employees.

• Since launch of the EY report, management says customer conversion has accelerated; it expects shorter sales cycles and larger initial deals, with evidence still emerging.

• Sales opportunities typically progress through meetings, HR briefings, pilots and negotiations over about nine months.

• Pipeline includes potential deals worth over $10m; timing is uncertain and management does not present these as assured outcomes.

Capital and share structure

• Growth investment broadened in 2026 after limited 2025 spending, when capital was directed toward a small set of large deals and the public listing process.

• A 1:20 reverse split took effect Oct. 19; post-split shares outstanding were approximately 1.63m. Aims include reducing float and addressing Nasdaq’s $1 minimum bid-price requirement.

• Management prioritizes continued growth investment and responsible fundraising while seeking to limit dilution; capital access and dilution remain key considerations.

• Management identifies the gap between business value and share price as a key concern and expects growth and results to help address it.