Our Bond Authorizes 200M Shares Post-Reverse Split, CEO Holds 90.83% Voting Power
OBAI is trading near its 52-week low of $0.186 (7.6% above the low).
Summary
Our Bond's CEO, holding 90.83% voting power, approved increasing authorized common shares to 200 million immediately after the pending 1-for-20 reverse split. The move restores massive issuance headroom while the company works to regain Nasdaq compliance.
Key Events · Corporate Governance and Compliance · OBAI
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Authorized Shares Set to 200M Post-Split
Amendment increases authorized common shares to 200,000,000, effective immediately after the 1-for-20 reverse split. Post-split authorized shares will be 10,000,000 before the amendment restores the 200M cap.
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CEO Controls 90.83% Voting Power
Doron Kempel holds 90.83% of voting power through 9,645,011 common shares, Series B preferred, and 10,000 Series F preferred shares (each casting 40,000 votes). He approved the amendment by written consent dated September 28, 2026.
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Current Outstanding Shares: 32.58M
As of October 2026, 32,576,598 common shares are outstanding. Post-split, this becomes approximately 1.63 million shares, leaving substantial authorized headroom for future issuances.
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Reverse Split Timeline
The 1-for-20 reverse split was approved October 1, 2026, to regain Nasdaq's $1.00 minimum bid compliance. The authorized share increase takes effect on the 20th day after this information statement is mailed.
Analysis · OBAI · Technology
The majority stockholder, CEO Doron Kempel, approved an amendment to increase authorized common shares to 200 million immediately after the 1-for-20 reverse split takes effect. The reverse split will reduce authorized shares to 10 million, then the amendment restores headroom to 200 million — a 20x expansion of authorized shares relative to the post-split base. With 32.58 million shares currently outstanding, the post-split share count will be approximately 1.63 million, leaving substantial authorized headroom for future issuances. Kempel controls 90.83% of voting power through his common stock, Series B preferred, and Series F preferred (which carries 40,000 votes per share), giving him unilateral control over capital structure decisions.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OBAI was trading at $0.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.3M. The 52-week trading range was $0.19 to $38.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.