# EDGAR Filing Document

**Accession Number:** 0001756064
**File Stem:** 0001493152-26-014927
**Filing Date:** 2026-4
**Character Count:** 550960
**Document Hash:** 983c9d83aafa07c8ff33f87ec521e15a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-014927.hdr.sgml**: 20260402

**ACCESSION NUMBER**: 0001493152-26-014927

**CONFORMED SUBMISSION TYPE**: S-1

**PUBLIC DOCUMENT COUNT**: 87

**FILED AS OF DATE**: 20260402

**DATE AS OF CHANGE**: 20260402

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Our Bond, Inc.
- **CENTRAL INDEX KEY:** 0001756064
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMUNICATION SERVICES, NEC [4899]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 831751618
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-294853
- **FILM NUMBER:** 26833782

**BUSINESS ADDRESS:**
- **STREET 1:** 292 NEWBURY STREET, NO. 485
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02115
- **BUSINESS PHONE:** 617-648-9100

**MAIL ADDRESS:**
- **STREET 1:** 85 BROAD
- **STREET 2:** 17TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TG-17, Inc.
- **DATE OF NAME CHANGE:** 20181016

?xml version='1.0' encoding='ASCII'?

**As confidentially submitted to the Securities and Exchange Commission on April 2, 2026.**

**Registration No. 333-______**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-1**

**REGISTRATION STATEMENT**

**Under**

**The Securities Act of 1933**

![](tg_logo-bond.jpg)

**Our Bond, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **4899** | **83-1751618** |
| (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer |
| incorporation or organization) | Classification Code Number) | Identification Number*)* |

---

**85 Broad Street**

**New York, New York 10004**

**1-888-567-6234**

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**VCorp Services, LLC**

**701 S Carson St, Ste 200**

**Carson City, Nevada, 89701**

**1-888-528-2677**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

***Copies to:***

---

| | |
|:---|:---|
| **Mark Crone, Esq.**<br> **Joe Laxague, Esq.**<br> **Tammara Fort, Esq.**<br> **Aditya Wadhwa, Esq.**<br> **The Crone Law Group, P.C.**<br> **420 Lexington Avenue, Suite 2446**<br> **New York, NY 10170**<br> **Telephone: (775) 234-5221** | **Doron Kempel**<br> **Chief Executive Officer**<br> **Our Bond,** **Inc.**<br> **85 Broad Street**<br>**New York, New York 10004**<br> **1-888-567-6234** |

---

**Approximate date of commencement of proposed sale to the public:** As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment that specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.**

**The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities, and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.**

---

| | | |
|:---|:---|:---|
| **PRELIMINARY PROSPECTUS** | **SUBJECT TO COMPLETION** | **DATED April 2, 2026** |

---

Our Bond, Inc.

**Up to 7,500,000 Shares of Common Stock**

**to be Sold by Selling Stockholders**

This prospectus relates to the registration of the resale of up to 7,500,000 shares of common stock, par value $0.0001 per share (the "***Common Stock***") of Our Bond, Inc. ("***Bond***," "***we***," "***us***," "***our***" or the "***Company***") by our stockholders identified in this prospectus (the "***Selling Stockholders***"), in connection with this offering (the "***Offering***"). The Common Stock registered for resale hereunder consists of: (1) a total of up to 7,081,781 shares of Common Stock to be issued to Ascent Partners Fund LLC ("***Ascent***"), including (i) shares issuable under a certain Securities Purchase Agreement dated October 27, 2025 between the Company and Ascent, that provides for the sale to Ascent of up to $300,000,000 worth of Common Stock (the "***Equity Line SPA***"), (ii) 970,874 shares of Common Stock to be issued to Ascent as consideration for entering into the Equity Line SPA (the "***Commitment Shares***"), and (iii) shares of Common Stock issued as dividends to Ascent under the Certificates of Designations of Series C Preferred Stock, par value $0.0001 per share (the "***Series C Preferred Stock***") and Series D Preferred Stock, par value $0.0001 per share (the "***Series D Preferred Stock***"); and (2) 418,219 shares of Common Stock issued as compensation to our financial advisor, Maxim Group LLC (the "***Advisor***").

We are not selling any securities under this prospectus and will not receive any of the proceeds from the sale by the Selling Stockholders. The Selling Stockholders may sell or otherwise dispose of the Common Stock covered by this prospectus in a number of different ways and at varying prices. We provide more information about how the Selling Stockholders may sell or otherwise dispose of the Common Stock covered by this prospectus in the section entitled "*<u>Plan of Distribution</u>*" beginning on page 90. We will pay all expenses (other than discounts, concessions, commissions and similar selling expenses) relating to the registration of the Common Stock with the Securities and Exchange Commission (the "***SEC***").

Commencing on February 4, 2026, we listed our shares of our Common Stock on the Nasdaq Global Market ("***Nasdaq***") by way of a direct listing (the "***Direct Listing***") under the symbol "OBAI". As of March 31, 2026, the last sale price for our common stock on Nasdaq was $1.46 per share

**Upon completion of this Offering, our founder and Chief Executive Officer, Doron Kempel, will beneficially own approximately 96.45% of the voting power of our outstanding voting securities and we are a "controlled company" within the meaning of the listing rules of The Nasdaq Stock Market LLC. We may rely on the exemptions from the corporate governance requirements that are available to controlled companies.**

**We are an "emerging growth company" and a "smaller reporting company" as defined under the federal securities laws and, as such, have elected to comply with certain reduced public company reporting requirements for this prospectus and may elect to do so in future filings. See "*Prospectus Summary—Implications of Being an Emerging Growth Company and a Smaller Reporting Company*."**

**Investing in our Common Stock involves a high degree of risk. See the "*<u>Risk Factors</u>*" beginning on page 7 of this prospectus for the risks and uncertainties you should consider before investing in our Common Stock.**

**Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**

**Prospectus dated April 2, 2026**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [Cautionary Note Regarding Forward-Looking Statements](#sa_001) | 1 |
| [Trademarks](#sa_002) | 1 |
| [About This Prospectus](#sa_003) | 2 |
| [Prospectus Summary](#sa_004) | 3 |
| [Summary Financial and Other Data](#sa_005) | 6 |
| [Risk Factors](#sa_006) | 7 |
| [Market and Industry Data](#sa_007) | 28 |
| [Shares Offered for Resale](#sa_008) | 29 |
| [Use of Proceeds](#sa_009) | 30 |
| [Selling Stockholders](#sa_010) | 30 |
| [Dividend Policy](#sa_011) | 32 |
| [Capitalization](#sa_012) | 32 |
| [Management's Discussion & Analysis of Financial Condition and Results of Operations](#sa_013) | 33 |
| [Business](#ta_001) | 45 |
| [Management](#ta_002) | 58 |
| [Executive and Director Compensation](#ta_003) | 62 |
| [Security Ownership of Certain Beneficial Owners and Management](#ta_004) | 67 |
| [Certain Relationships and Related Person Transactions](#ta_005) | 71 |
| [Description of Capital Stock](#ta_006) | 72 |
| [Shares Eligible for Future Sale](#ta_007) | 82 |
| [Sale Price History of Our Capital Stock](#ta_008) | 83 |
| [Material U.S. Federal Income Tax Consequences to Non-U.S. Holders of Our Common Stock](#ta_009) | 86 |
| [Plan of Distribution](#ta_010) | 90 |
| [Legal Matters](#ta_011) | 91 |
| [Experts](#ta_012) | 91 |
| [Where You Can Find Additional Information](#ta_013) | 91 |
| [Index to Consolidated Financial Statements](#fin_idx1) | F-1 |

---

i

You should rely only on the information provided in this prospectus, including any documents incorporated by reference. We have not authorized anyone to provide you with any other information and we take no responsibility for, and can provide no assurances as to the reliability of, any other information that others may give you. The information contained in this prospectus speaks only as of the date set forth on the cover page and may not reflect subsequent changes in our business, financial condition, results of operations and prospects.

We are not, and the Selling Stockholders are not, making offers to sell these securities in any jurisdiction in which an offer or solicitation is not authorized or permitted or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such an offer or solicitation.

We have not undertaken any efforts to qualify this offering for offers to individual investors in any jurisdiction outside the U.S.; therefore, individual investors located outside the U.S. should not expect to be eligible to participate in this offering.

ii

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

This prospectus includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." All statements other than statements of historical facts contained in this prospectus may be forward-looking statements. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "continues," "anticipates," "expects," "seeks," "projects," "intends," "plans," "may," "will," "would" or "should" or, in each case, their negative or other variations or comparable terminology. They appear in a number of places throughout this prospectus, and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies, future acquisitions and the industry in which we operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those described in the "*<u>Risk Factors</u>*" section of this prospectus. These factors should not be construed as exhaustive and should be read with the other cautionary statements in this prospectus. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this prospectus. The matters summarized under "*<u>Prospectus Summary</u>*<u>,</u>" "*<u>Risk Factors</u>*," "*<u>Management's Discussion and Analysis of Financial Condition and Results of Operations</u>*," "*<u>Business</u>*" and elsewhere in this prospectus could cause our actual results to differ significantly from those contained in our forward-looking statements. In addition, even if our results of operations, financial condition and liquidity, and industry developments are consistent with the forward-looking statements contained in this prospectus, those results or developments may not be indicative of results or developments in subsequent periods. Any forward-looking statement that we make in this prospectus speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments, except as required by applicable law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.

You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this prospectus primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations, and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in "*<u>Risk Factors</u>*" and elsewhere in this prospectus. Moreover, we operate in a competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this prospectus. The results, events, and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements.

The forward-looking statements made in this prospectus relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this prospectus to reflect events or circumstances after the date of this prospectus or to reflect latest information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments we may make.

In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this prospectus, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information.

**TRADEMARKS**

We own or have rights to various trademarks, service marks and trade names that we use in connection with the operation of our business. This prospectus may also contain trademarks, service marks and trade names of third parties, which are the property of their respective owners. Our use or display of third parties' trademarks, service marks and trade names or products in this prospectus is not intended to, and does not imply a relationship with, or endorsement or sponsorship by us. Solely for convenience, the trademarks, service marks and trade names referred to in this prospectus may appear without the®, TM or SM symbols, but the omission of such references is not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the right of the applicable owner of these trademarks, service marks and trade names.

**ABOUT THIS PROSPECTUS**

This prospectus is a part of an offering of shares by the Selling Stockholders that we filed with the SEC, using a continuous offering process. Under this process, the Selling Stockholders may, from time to time, sell the Common Stock covered by this prospectus in the manner described in the section titled "*<u>Plan of Distribution</u>*." Additionally, we may provide a prospectus supplement to add information to, or update or change information contained in, this prospectus, including the section titled "*<u>Plan of Distribution</u>*". You may obtain this information without charge by following the instructions under the "*<u>Where You Can Find Additional Information</u>*" section of this prospectus. You should read this prospectus and any prospectus supplement before deciding to invest in our Common Stock.

This prospectus contains summaries of certain provisions contained in some of the documents described herein, but reference is made to the actual documents for complete information. All of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have been filed or will be filed as exhibits to the registration statement of which this prospectus is a part, and you may obtain copies of those documents as described under "*<u>Where You Can Find Additional</u> In<u>formation</u>*."

**PROSPECTUS SUMMARY**

*This summary highlights select* information *contained elsewhere in this prospectus and does not contain all the information you should consider before making an investment decision. You should read the entire prospectus carefully, including the sections entitled "<u>Risk Factors</u>," "<u>Cautionary Note Re</u>g<u>ardin</u>g <u>Forward-Lookin</u>g <u>Statements</u>," "<u>Mana</u>g<u>ements' Discussion and Ana</u>l<u>ysis</u> o<u>f Financial Condition and Results of Operations</u>" and our financial statements and the accompanying notes included elsewhere in this prospectus before making an investment decision. Unless otherwise indicated or the context otherwise requires, all references all references to "we," "us," "our," the "Company," "Bond" and similar terms refer to Our Bond, Inc.*

***Overview***

Our Bond, Inc. ("***Bond***," "***we***," "***us***," "***our***" or the "***Company***") was formed under the laws of the State of Delaware on April 11, 2017 as a Delaware limited liability company, converted to a Delaware corporation, TG-17, Inc., on June 29, 2018. We re-domiciled as a Nevada corporation on August 27, 2025 and changed our corporate name to Our Bond, Inc. on February 11, 2026. We provide a new tier of preventative personal security platform enabled by artificial intelligence combined with security personnel agents who are available 24/7 through the Bond Personal Security phone application. Since its inception, we have dedicated resources to research and development activities that support its current projects and future development efforts.

***Summary of Risk Factors***

 ****

Our business is subject to numerous risks and uncertainties that you should be aware of before making an investment decision, including those highlighted in the section entitled "*<u>Risk Factors</u>*" in this prospectus. These risks include, but are not limited to, the following:

*Risks Related to Our Business*

● Our
 technology continues to be developed, and it is unlikely that we will ever develop our technology to a point at which no further
 development is required. In addition, our technology requires constant updates and maintenance which implies that even if we do not
 develop additional functionality, we will need to maintain and update the code in relation to the numerous ecosystem technologies
 on which the technology runs (Apple and Google phone operating systems, Amazon AWS, etc.). Maintaining the technology requires a
 multidisciplinary team of engineers.

● If
 our security measures are breached or unauthorized access to individually identifiable biometric or other personally identifiable
 information is otherwise obtained, our reputation may be harmed, and we may incur significant liabilities.

● Our
 collection, processing, use and disclosure of individually identifiable biometric or other personally identifiable information is
 subject to evolving and expanding privacy and security regulations.

● Our
 success is highly dependent on our ability to attract and retain highly skilled executive officers and employees globally.

● Privacy
 and data security laws and regulations could require us to make changes to our business, impose additional costs on us and reduce
 the demand for our products and services.

● Our
 efforts to minimize the likelihood and impact of adverse cybersecurity incidents and to protect data and intellectual property may
 not be successful, and our business, operations, and reputation could be negatively affected by a cyberattack, security incident,
 or other operational disruption.

● We
 rely on Amazon Web Services ("  ***AWS***") to deliver our offerings to users on our platform, and any disruption
 of or interference with our use of AWS could adversely affect our business, financial condition, results of operations and prospects.

● Our
 technology platform utilizes numerous third-party technologies, systems and subsystems (like Twilio, Bandwidth, etc.). Any disruption
 to such systems and subsystems could interrupt our business, impact our ability to provide service, harm our reputation, cause us
 to lose customers and end-users, cause end-users harm (at the hands of perpetrators) that we would hypothetically not be able to
 detect and address in a timely manner, which could materially and adversely affect our business, financial condition and results
 of operations.

● Cost
 of insurance is a significant part of our expenses and it is subject to market fluctuations, as well as to fluctuations due to our
 track record. This price can therefore increase unexpectedly and our insurance may not adequately cover our future operating risk.

● We
 will incur increased costs as a result of operating as a public company, and our management will be required to devote substantial
 time to new compliance initiatives.

● Recent
 and potential tariffs imposed by the U.S. government or a global trade war could increase the cost of our services, which could have
 a material adverse effect on our business, financial condition and results of operations.

● Intellectual
 property rights do not necessarily address all potential threats to our competitive advantage.

● If
 our efforts to build a strong brand identity and maintain a high level of user satisfaction and loyalty are unsuccessful, we may
 not be able to attract or retain users, and our operating results may be adversely affected.

● Competitors
 may decide to enter our space, which may have a material adverse effect on our product sales, as well as on our margins.

*Risks Related to This Offering*

---

| | |
|:---|:---|
| ● | It is not possible to predict the actual number of shares we will sell under the Equity Line SPA, or the actual gross proceeds resulting from those sales. We may not have access to the full amount available under the Equity Line SPA with Ascent. Our inability to access a portion or the full amount available under the Equity Line SPA, in the absence of any other financing sources, could have a material adverse effect on our business. |
|  | Investors who buy shares in this Offering at different times will likely pay different prices. Pursuant to the Equity Line SPA, we will have discretion, subject to market demand, to vary the timing, prices, and numbers of shares sold to Ascent. Investors may experience a decline in the value of the shares they purchase from Ascent as a result of future sales made by us to Ascent at prices lower than the prices such investors paid for their shares. |

---

*Risks Related to our Management and Control Persons*

● We
 are a "controlled company" within the meaning of the Nasdaq Stock Market Rules because our insiders beneficially own
 more than 50% of the voting power of our outstanding voting securities. Our largest shareholder, officer and director, Doron Kempel
 holds substantial control over the Company and is able to influence all corporate matters.

*Risks Related to Our Financial Condition and Capital Requirements*

● We
 will require substantial additional capital to finance our operations, and this capital may not be available on favorable terms,
 if at all.

● Our
 ability to sell a substantial amount of common stock in the future under an equity line financing agreement may pose a risk of significant
 dilution to our existing stockholders.

● We
 have a limited operating history, which may make it difficult for you to evaluate our current business and predict our future success
 and viability.

● We
 have historically operated at a loss, which has resulted in an accumulated deficit.

● We
 anticipate sustaining operating losses for the foreseeable future.

● Raising
 additional capital may cause dilution to our existing stockholders.

● Future
 sales of Common Stock by our Selling Stockholders and other existing stockholders could cause our share price to decline.

● Reports
 published by analysts, including projections in those reports that differ from our actual results, could adversely affect the price
 and trading volume of our Common Stock.

● Our
 Command Centers and engineering staff are fixed costs that are required to maintain operations and we may be unable to limit our
 losses if we fail to achieve our forecasted revenue.

● Our
 internal computer systems, or those of any of our contractors, consultants, collaborators or potential future collaborators, may
 fail or suffer security or data privacy breaches or other unauthorized or improper access to, use of, or destruction of our proprietary
 or confidential data, employee data or personal data, which could result in additional costs, loss of revenue, significant liabilities,
 harm to our brand and material disruption of our operations

● We
 have a substantial customer concentration, with a limited number of customers accounting for a substantial portion of our revenue.

● Defects
 in our products or failures in quality control could impair our ability to sell our products and services or could result in product
 liability claims, litigation and other significant events involving substantial costs.

● A
 similar risk applies to our inability to protect our end-users when they face threats. This may give risk to litigation against Bond
 if/when an end-user is hurt.

● We
 are subject to ongoing litigation and may be subject to more, including securities litigation, class action and derivative lawsuits
 which could result in substantial costs and could divert management attention.

● Failures
 in internet infrastructure or interference with internet or Wi-Fi access could cause prospective users to believe that our systems
 are unreliable, potentially causing our future customers to decline to renew their subscriptions.

● The
 adoption, use, and commercialization of AI technology, and the continued rapid pace of developments in the AI field, are inherently
 uncertain. Using open-source AI carries additional risks such as potential security vulnerabilities, lack of formal support and code
 quality and maintenance issues.

● Our
 operations are vulnerable to interruption by fire, severe weather conditions, power loss, telecommunications failure, terrorist activity
 and other events beyond our control, which could harm our business.

 ****

***Equity Line Financing Agreement***

On October 27, 2025, we entered into a Securities Purchase Agreement with Ascent that provides for the sale to Ascent of up to $300,000,000 worth of our Common Stock. Under the terms of the Equity Line SPA, as amended, we will have the right, but not the obligation, to require Ascent to purchase shares of our Common Stock in one or more tranches subject to the limits and conditions set forth in the agreement. The Equity Line SPA provides for both "Regular Closings" and "Expanded Closings."

For each Regular Closing:

● The total purchase price shall not exceed the lower of (a) $1,000,000 and (b) 100% of the average daily traded value of our common stock over the ten (10) trading days immediately preceding the closing date;

● The purchase price per share shall be equal to 96% of the lowest volume weighted average price ("  ***VWAP***") for our common stock in the ten (10) trading days immediately prior to the closing date (the "  ***Regular Purchase Price*** "); however,

● If 96% of the lowest VWAP for our common stock (the **" *Adjusted Price***") in the ten (10) trading days immediately following the Closing Date (the **" *Adjustment Period* "**) is lower than the Regular Purchase Price, then on the trading day immediately following the end of the Adjustment Period, we will be required to issue additional shares of common stock so that the total purchase price per share for the Regular Closing will be equal to the Adjusted Price.

For each Expanded Closing:

● The total purchase price may be up to a maximum of $5,000,000; and

● The purchase price per share shall be equal to the lower of (x) the average of the daily VWAP on the trading day immediately preceding the closing date and the daily VWAP on such Expanded Closing Date and (y) 96% of the lowest VWAP for all trading days in the period beginning immediately following the closing date and ending on the earlier of (i) ten (10) trading days after and (ii) the date when the purchaser shall have entered into committed, binding trades to sell all of the shares purchased at the Expanded Closing.

All share purchases under the Equity Line SPA are subject to a Floor Price equal to 20% of the opening reference price for our Common Stock as of the effective date of the Equity Line SPA, which is defined as the effective date of this registration statement.

The Equity Line SPA has a term of three (3) years. As additional consideration to Ascent, we are required to issue the Commitment Shares. All Regular Closings and Expanded Closings under the Equity Line SPA are subject to numerous conditions, including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;(i) A
 registration statement covering Ascent's resale of the shares to be sold at each closing must be filed and effective;

(ii) Our
 common stock must be listed for trading and trading must not be suspended;

(iii) We
 must be current in all required filings with the SEC;

(iv) We
 must not have consummated a change of control or other Fundamental Transaction (as defined in the agreement);

(v) We
 must not be in default under any agreement with Ascent or in default under any indebtedness in excess of a cumulative total of amount
 of $150,000.

Each closing under the Equity Line SPA is limited such that, immediately after giving effect to the issuance of the shares of Common Stock for the closing, Ascent may not beneficially own in excess of 9.99% of the number of shares of Common Stock outstanding.

Our ability to sell a substantial amount of common stock in the future under the Equity Line SPA poses a risk of significant dilution to our existing stockholders. Should we decide to issue a significant number of shares under the Equity Line SPA future, particularly at a time when our share price is already declining, a substantial decrease in our share price is likely to result. Please see the section entitled "*Risk Factors*" for additional information.

***Implications of being a Controlled Company***

Our founder and Chief Executive Officer, Doron Kempel, beneficially owns approximately 96.45% of the voting power of our outstanding voting securities and we are be a "controlled company" within the meaning of the listing rules of The Nasdaq Stock Market LLC. Due to this significant concentration of voting control, our CEO may able to unilaterally determine the outcome of most stockholder votes. As a result, the influence of other stockholders over such matters may be limited. However, as an officer and director of the Company, our CEO is subject to fiduciary duties and has consistently demonstrated a commitment to the long-term success of the Company and the creation of stockholder value.

As long as our principal shareholder owns at least 50% of the voting power of our Company, we will be a "controlled company" as defined under Nasdaq Listing Rules. As a controlled company, we are permitted to rely on certain exemptions from Nasdaq's corporate governance rules, including:

● an
 exemption from the rule that a majority of our board of directors must be independent directors;

● an
 exemption from the rule that the compensation of our chief executive officer must be determined or recommended solely by independent
 directors; and

● an
 exemption from the rule that our director nominees must be selected or recommended solely by independent directors.

Although we currently do not intend to rely on the "controlled company" exemption under the Nasdaq listing rules, we could elect to rely on this exemption in the future. As a result, you may not in the future have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements.

***Implications of being an emerging growth company and a smaller reporting company***

We are an "emerging growth company" as defined in the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the "***JOBS Act***"). As such, we are eligible to take, and intend to take, advantage of certain exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies for as long as we continue to be an emerging growth company, including (i) the exemption from the auditor attestation requirements with respect to internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act, (ii) the exemptions from say-on-pay, say-on-frequency and say-on-golden parachute voting requirements and (iii) reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements.

We will remain an emerging growth company until the earliest of (i) the last day of the fiscal year following the fifth anniversary of this offering, (ii) the last day of the fiscal year in which we have total annual gross revenue of at least $1.235 billion, (iii) the last day of the fiscal year in which we are deemed to be a "large accelerated filer" as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"), which would occur if the market value of our Common Stock held by non-affiliates was $700.0 million or more as of the last business day of the second fiscal quarter of such year or (iv) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.

In addition, the JOBS Act provides that an emerging growth company can take advantage of an extended transition period for complying with new or revised accounting standards. This allows an emerging growth company to delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to avail ourselves of this extended transition period and, as a result, we may adopt new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-public companies instead of the dates required for other public companies.

We are also a "smaller reporting company" as defined in the Exchange Act. We may continue to be a smaller reporting company even after we are no longer an emerging growth company. We may take advantage of certain of the scaled disclosures available to smaller reporting companies until the fiscal year following the determination that our voting and non-voting Common Stock held by non-affiliates is $250 million or more measured on the last business day of our second fiscal quarter, or our annual revenues are less than $100 million during the most recently completed fiscal year and our voting and non-voting Common Stock held by non-affiliates is $700 million or more measured on the last business day of our second fiscal quarter.

***Corporate Information***

We were incorporated under the laws of the State of Delaware on April 11, 2017 as a Delaware limited liability company, converted to a Delaware corporation on June 29, 2018 under the name TG-17, Inc. dba Bond and subsequently, submitted the necessary filings to re-domicile as a Nevada corporation on August 27, 2025 under the name TG-17, Inc. dba Bond. On February 11, 2026, we changed our corporate name to Our Bond, Inc. Our principal executive offices are located at 85 Broad Street New York, New York 10004. Our telephone number is 1-888-567-6234 and our website address is https://www.ourbond.com/. Information contained on or that can be accessed through our website is neither a part of, nor incorporated by reference into, this prospectus, and you should not consider information on our website to be part of this prospectus. Our website address is included in this prospectus as an inactive textual reference only.

**SUMMARY FINANCIAL AND OTHER DATA**

The summary financial and other data set forth in this prospectus should be read together with our financial statements and the related notes to those statements, as well as the "*<u>Mana</u>g<u>ements' Discussion and Analysis of Financial Condition and Results o</u>f O<u>perations</u>*" section of this prospectus.

The statements of operations data for the years ended December 31, 2025 and 2023, and the statements of cash flows data for the years ended December 31, 2025 and 2024, have been derived from our audited financial statements included elsewhere in this prospectus. Our historical results are not necessarily indicative of the results that may be expected in any future period.

**RISK FACTORS**

*An investment in our Common Stock involves a high degree of risk. You should carefully consider the following risks and uncertainties, together with all of the other information contained in this prospectus, including our financial statements and related notes appearing elsewhere in this prospectus, before deciding whether to invest in our Common Stock. The occurrence of one or more of the events or circumstances described in these risk factors, alone or in combination with other events or circumstances, may have a material adverse effect on our business, reputation, revenue, financial condition, results of operations and future prospects, in which event you could lose all or part of your investment. The risks and uncertainties described below are not intended to be exhaustive and are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business operations. This prospectus also contains forward-looking statements that involve risks and uncertainties. See "<u>Cautionary Note Re</u>g<u>ardin</u>g <u>Forward-Lookin</u>g <u>Statements</u>." Our actual results could differ materially and adversely from those anticipated in these forward-looking statements as a result of certain factors, including those described below.*

**Risks Related to Our Business**

***Our technology continues to be developed, and it is unlikely that we will ever develop our technology to a point at which no further development is required. In addition, our technology requires constant updates and maintenance which implies that, even if we do not develop additional functionality, we will need to maintain and update the code in relation to the numerous ecosystem technologies on which the technology runs (Apple and Google phone operating systems, Amazon AWS, etc.). Maintaining the technology requires a multidisciplinary team of engineers.***

We operate and maintain complex technology that requires significant technical and regulatory expertise to develop, commercialize and update to meet evolving market and regulatory requirements. Our technology also requires constant updates and maintenance which implies that, even if we do not develop additional functionality, we will need to maintain and update the code in relation to the numerous ecosystem technologies on which the technology runs (Apple and Google phone operating systems, Amazon AWS, etc.). Maintaining our technology requires a multidisciplinary team of engineers and is a costly, complex and time-consuming process. We might face difficulties or delays in the update, development and maintenance processes that will result in our inability to timely offer products that satisfy the market. We anticipate making significant investments in to both research and development relating to our products and services and updates to/ maintenance of our current technology, but such investments are inherently speculative and require substantial capital expenditures. Any unforeseen technical obstacles and challenges that we encounter in our research and development process or maintenance of our technology could result in delays in or the abandonment of product commercialization, which may substantially increase development costs to be able to provide products and services which would be competitive and sustainable for our potential customers, and these potential costs may negatively affect our results of operations.

***If our security measures are breached or unauthorized access to individually identifiable biometric or other personally identifiable information is otherwise obtained, our reputation may be harmed, and we may incur significant liabilities.***

In the ordinary course of our business, we may collect and store sensitive data, including personally identifiable information ("***PII***"), owned or controlled by ourselves or our customers, and other parties. We communicate sensitive data electronically, and through relationships with multiple third-party vendors and their subcontractors. These applications and data encompass a wide variety of business-critical information, including commercial information, and business and financial information. We face a number of risks relative to protecting this critical information, including loss of access risk, inappropriate use or disclosure, inappropriate modification, and the risk of our being unable to adequately monitor, audit, and modify our controls over our critical information. This risk extends to the third-party vendors and subcontractors we use to manage this sensitive data. As a custodian of this data, we therefore inherit responsibilities related to this data, exposing the Company to potential threats. Data breaches occur at all levels of corporate sophistication (including at companies with significantly greater resources and security measures than our own) and the resulting fallout stemming from these breaches can be costly, time-consuming, and damaging to a company's reputation. Further, data breaches need not occur from malicious attacks or phishing only. Often, employee carelessness can result in sharing PII with a much wider audience than intended. The consequences of such data breaches could result in fines, litigation expenses, costs of implementing better systems, and the damage of negative publicity, all of which could have a material adverse effect on our business operations and financial condition.

***Our collection, processing, use and disclosure of individually identifiable biometric or other personally identifiable information is subject to evolving and expanding privacy and security regulations both in the U.S. and internationally.***

Data privacy remains an evolving landscape, with new regulations coming into effect at both the domestic and international level. For example, various states, such as California, Massachusetts, and others, have implemented similar privacy laws and regulations, such as the California Consumer Privacy Act, which took effect January 1, 2020 (the "***CCPA***"), and creates new data privacy rights for users. The CCPA requires covered businesses that process personal information of California residents to disclose their data collection, use and sharing practices. Further, the CCPA provides California residents with new data privacy rights (including the ability to opt out of certain disclosures of personal data), imposes new operational requirements for covered businesses, provides for civil penalties for violations as well as a private right of action for data breaches and statutory damages (which is expected to increase data breach class action litigation and result in significant exposure to costly legal judgements and settlements). Aspects of the CCPA and its interpretation and enforcement remain uncertain. In addition, the California Privacy Rights Act of 2020 (the "***CPRA***"), which took effect January 1, 2023, expanded the CCPA. The CPRA, among other things, gives California residents the ability to limit use of certain sensitive personal information, further restricts the use of cross-contextual advertising, establishes restrictions on the retention of personal information, expands the types of data breaches subject to the CCPA's private right of action, provides for increased penalties for CPRA violations concerning California residents under the age of 16, and establishes a new California Privacy Protection Agency to implement and enforce the CPRA. The CCPA and other similar laws could impact our business activities depending on how they are interpreted. New legislation proposed or enacted in various other states will continue to shape the data privacy environment nationally. For example, Virginia recently passed its Consumer Data Protection Act, and Colorado recently passed the Colorado Privacy Act, both of which differ from the CPRA and became effective in 2023. Additional states have since also passed comprehensive privacy laws with additional obligations and requirements on businesses. Certain state laws may be more stringent or broader in scope, or offer greater individual rights, with respect to confidential, sensitive and personal information than federal, international or other state laws, and such laws may differ from each other, which may complicate compliance efforts.

Additionally, all U.S. states and the District of Columbia have enacted breach notification laws that may require that we notify customers, employees or regulators in the event of unauthorized access to or disclosure of personal or confidential information experienced by us or our service providers. These laws are not consistent, and compliance in the event of a widespread data breach is difficult and may be costly. Moreover, states have been frequently amending existing laws, requiring attention to changing regulatory requirements. We also may be contractually required to notify customers of a security breach. Although we may have contractual protections with our service providers, any actual or perceived security breach could harm our reputation and brand, expose us to potential liability or require us to expend significant resources on data security and in responding to any such actual or perceived breach. Any contractual protections we may have from our service providers may not be sufficient to adequately protect us from any such liabilities and losses, and we may be unable to enforce any such contractual protections. In addition to government regulation, privacy advocates and industry groups have and may in the future propose self-regulatory standards from time to time. These and other industry standards may legally or contractually apply to us, or we may elect to comply with such standards.

In the European Union, the General Data Protection Regulation of 2018 (the "***GDPR***") significantly expanded the rules on using personal data and increased the risks of processing personal data. Some of the new requirements include:

● accountability and transparency requirements, which require those who control data to demonstrate and record compliance and provide certain detailed information to users regarding the ways in which data is used and processed;

● enhanced data consent requirements, which includes "explicit" consent with regard to information the regulation classifies as sensitive data;

● obligations to consider data privacy as new products, services and systems are developed, including ways to limit accessibility of data as well as the amount of information collected, processed, and stored;

● constraints on using data to profile users;

● obligations to provide users with personal data in a usable format on request and to erase personal data in certain circumstances; and

● reporting to data protection authorities of potential breaches without undue delay (72 hours, where feasible).

Other foreign jurisdictions in which the Company operates, or in which it has services available, have implemented, or are considering implementing, data privacy laws and regulations, many of which are similar to the GDPR. Although we attempt to stay current with such developments in the jurisdictions in which we or our subsidiaries operate, our policies and procedures for compliance with data privacy laws and regulations, may not be up-to-date or implemented correctly or our management, employees or agents. thereby not complying with current procedures. Moreover, our third-party agents in foreign jurisdictions may likewise not implement policies and procedures that are the most current for their jurisdiction, thereby creating a risk factor for us. Failure to comply with data privacy laws and regulations may have serious financial consequences. We could face significant sanctions, statutory damages, and damage to our reputation resulting in a material adverse effect on our results of operations, business, or financial condition.

***We are subject to government regulation related to security agencies, and our failure or inability to comply with these regulations could materially restrict our operations and subject us to substantial penalties.***

We are subject to a number of state occupational licensing laws that apply to private security officers and security agencies. Most states have laws requiring qualification, training and registration of security officers. Any liability we may have from our failure to comply with these regulations may materially affect our business by restricting our operations and subjecting us to substantial penalties. In addition, our current and future operations may be subject to additional regulation as a result of, among other factors, new statutes and regulations and changes in the manner in which existing statutes and regulations are or may be interpreted.

***Our success is highly dependent on our ability to attract and retain highly skilled executive officers and employees globally.***

To succeed, we must recruit, retain, manage and motivate qualified technical and management personnel, and we face significant competition for experienced personnel. We are highly dependent on the principal members of our management. If we do not succeed in attracting and retaining qualified personnel, particularly at the management level, it could adversely affect our ability to execute our business plan and harm our operating results. In particular, the loss of one or more of our executive officers could be detrimental to us if we cannot recruit suitable replacements in a timely manner. We could in the future have difficulty attracting experienced personnel to our company and may be required to expend significant financial resources in our employee recruitment and retention efforts.

Many of the other technology companies that we compete against for qualified personnel have greater financial and other resources, different risk profiles and a longer operating history than we do. They also may provide more diverse opportunities and better prospects for career advancement. Some of these characteristics may be more appealing to high-quality candidates than what we have to offer. If we are unable to continue to attract and retain high-quality personnel, the rate and success at which we develop and commercialize our products and services could be limited and our potential for successfully growing our business could be harmed.

Additionally, we hire various employees, contractors and advisors outside of the United States which presents several risks for our operations. These include compliance challenges with foreign labor and tax laws, potential misclassification of workers and complications around data privacy and international IP ownership. Differences in employment regulations and enforcement across jurisdictions can expose the company to legal and financial liabilities. Moreover, cross-border communication and management can create operational inefficiencies or delays.

***Privacy and data security laws and regulations could require us to make changes to our business, impose additional costs on us and reduce the demand for our software solutions.***

Our business model contemplates that we will transmit a significant amount of PII through our platform*.* Privacy and data security have become significant issues in the United States and in other jurisdictions where we may offer our video surveillance solutions. The regulatory framework relating to privacy and data security issues worldwide is evolving rapidly and is likely to remain uncertain for the foreseeable future. Federal, state and foreign government bodies and agencies have in the past adopted, or may in the future adopt, laws and regulations regarding the collection, use, processing, storage and disclosure of personal or identifying information obtained from customers and other individuals. In addition to government regulation, privacy advocates and industry groups may propose various self-regulatory standards that may legally or contractually apply to our business. Because the interpretation and application of many privacy and data security laws, regulations and applicable industry standards are uncertain, it is possible that these laws, regulations and standards may be interpreted and applied in a manner inconsistent with our existing privacy and data management practices. As we expand into new jurisdictions or verticals, we will need to understand and comply with various new requirements applicable in those jurisdictions or verticals.

To the extent applicable to our business or the businesses of our customers, these laws, regulations and industry standards could have negative effects on our business, including by increasing our costs and operating expenses, and delaying or impeding our deployment of new core products or services. Compliance with these laws, regulations and industry standards requires significant management time and attention, and failure to comply could result in negative publicity, subject us to fines or penalties or result in demands that we modify or cease existing business practices. In addition, the costs of compliance with, and other burdens imposed by, such laws, regulations and industry standards may adversely affect our customers' ability or desire to collect, use, process and store PII using our products and services, which could reduce overall demand for them. Even the perception of privacy and data security concerns, whether or not valid, may inhibit market acceptance of our products and services in certain verticals. In particular, some regulatory bodies have recently become more interested in technologies that we employ including artificial intelligence and face recognition. Any of these outcomes could adversely affect our business and operating results.

If our products and services do not achieve broad acceptance both domestically and internationally, we will not be able to achieve our anticipated level of growth. Our revenues are primarily derived from a cloud-based services model for our products and technology. We also receive services revenue from offering physical world services such as drone services, security guard services, Executive Protection (bodyguard) services, security assessments, cyber threat evaluations and similar services. We cannot accurately predict the future growth rate or the size of the market for our products and services. The expansion of the market for our solutions depends on a number of factors, such as:

● the cost, performance and reliability of our products and services and the solutions offered by our competitors;

● customers' perceptions regarding the benefits of cloud-based video surveillance solutions;

● public perceptions regarding the intrusiveness of Bond's Preventative Personal Security services.

● public perceptions regarding the confidentiality of private information;

● proposed or enacted legislation related to privacy of information;

● customers' satisfaction regarding our services; and

● marketing efforts and publicity regarding our solutions.

Even if our products and services gain wide market acceptance, our solutions may not adequately address market requirements and may not continue to gain market acceptance. If cloud-based personal security solutions generally or our solutions specifically do not gain wide market acceptance, we may not be able to achieve our anticipated level of growth and our revenues and results of operations would suffer.

***We rely on other companies to provide certain hardware and software solutions for our products.***

We depend on certain third-party suppliers and subcontractors to meet our contractual obligations to our customers and conduct our business. While we are not dependent on any one supplier for any of our hardware or software solutions, our ability to meet our obligations to our customers may be adversely affected if one or more suppliers or subcontractors does not provide the agreed-upon supplies or perform the agreed-upon services in compliance with customer requirements and in a timely and cost-effective manner. Likewise, the quality of our products and services may be adversely impacted if companies to whom we delegate manufacture of major components or subsystems for our products, or from whom we acquire such items, do not provide major components and subsystems which meet required specifications and perform to our and our customers' expectations. If we encounter problems with one or more of these parties and they fail to perform to expectations, it could have a material adverse effect on our business operations and financial condition.

***We depend on AWS servers to operate our Bond Preventative Personal Security Platform with online features and our online services. If we were to lose server functionality for any reason, our business may be negatively impacted.***

Our business relies on the continuous operation of servers, most of which are owned and operated by AWS and other third parties. Although we strive to maintain more than sufficient server capacity, and provide for active redundancy in the event of limited hardware failure, any broad-based catastrophic server malfunction, a significant service-disrupting attack or intrusion by hackers that circumvents security measures, a failure of disaster recovery service or the failure of a company on which we are relying for server capacity to provide that capacity for whatever reason could degrade or interrupt the functionality of our platform, and could prevent the operation of our platform for both in-person and online experiences.

We also rely on networks operated by third parties to support content on our Bond Preventative Personal Security Platform, including networks owned and operated by other software publishers. An extended interruption to any of these services could adversely affect the use of our platform, which would have a negative impact on our business.

Further, insufficient server capacity could also negatively impact our business. Conversely, if we overestimate the amount of server capacity required by our business, we may incur additional operating costs.

***Our technology platform utilizes numerous third-party technologies, systems and subsystems (like Twilio, Bandwidth, ChatGPT etc.). Any disruption to such systems and subsystems could interrupt our business, impact our ability to provide service, harm our reputation, cause us to lose customers and end-users, cause end-users harm (at the hands of perpetrators) that we would hypothetically not be able to detect and address in a timely manner, which could materially and adversely affect our business, financial condition and results of operations***.

Our business partially depends on services provided by, and relationships with, various third parties, including Twilio, Bandwidth, cloud hosting, app stores provided by Google Play and Apple, and broadband providers, among others. To this end, when our service providers, cloud hosts and other vendors experience outages, our services will be negatively impacted and alternative resources will not be immediately available. In addition, certain third-party software we use in our operations is currently publicly available free of charge. If the owner of any such software decides to charge users or no longer makes the software publicly available, we may need to incur significant costs to obtain licensing, find replacement software or develop it on our own. If we are unable to obtain licensing, find or develop replacement software at a reasonable cost, or at all, our business and operations may be adversely affected.

We exercise no control over the third-party vendors that we rely upon for our overall technology platform operations, cloud hosting, broadband and software services. If such third parties increase their prices, fail to provide their services effectively, terminate their service or agreements or discontinue their relationships with us, we could suffer service interruptions, reduced revenues or increased costs, any of which may have a material adverse effect on our business, financial condition and results of operations.

Additionally, we use open-source AI products and services such as ChatGPT that carry several risks that require careful management. Security vulnerabilities may be introduced if the code is not regularly updated or properly reviewed. Since open-source projects are often community-maintained, there may be limited or no formal support when issues arise. Licensing terms can also be unclear or restrictive, potentially leading to legal exposure if not properly understood or followed. Additionally, there may be challenges in ensuring compliance with data protection regulations, especially if the AI models are trained on publicly sourced or unverified datasets. Quality, reliability, and long-term maintenance can also vary significantly across different open-source projects.

***Cost of insurance is a significant part of our expenses and it is subject to market fluctuations, as well as to fluctuations due to our track record. This price can therefore increase unexpectedly and our insurance may not adequately cover our future operating risk.***

We have insurance to protect our assets, future operations and employees. While we believe our insurance coverage addresses all material risks to which we may be exposed and is adequate and customary according to our current projections for our future operations, such insurance is subject to coverage limits and exclusions and may not be available for the risks and hazards to which we may be exposed. In addition, no assurance can be given that such insurance will be adequate to cover our liabilities or will be generally available in the future or, if available, that premiums will be commercially justifiable. If we were to incur substantial liability and such damages were not covered by insurance or were in excess of policy limits, or if we were to incur such liability at a time when we are not able to obtain liability insurance, our business, results of operations and financial condition could be materially adversely affected. Additionally, the cost of insurance coverage may increase upon the commencement of our operations, such increase may have a negative impact on our business and financial position. Our lack of commercial operating history in an emerging area may make it difficult to obtain insurance policies at competitive rates. Insurance that is otherwise readily available, such as workers' compensation, general liability, title insurance and directors' and officers' insurance, is more difficult for us to find and more expensive because of our involvement in emerging areas. There are no guarantees that we will be able to find insurance coverage at otherwise competitive, or even economically viable terms.

***Our online Bond Preventative Personal Security Platform and services offered through our platform may contain defects.***

Our online Bond Preventative Personal Security Platform and the services offered through our platform are extremely complex and are difficult to develop and distribute. We have quality controls in place to detect defects in our platform before updates are released. Nonetheless, these quality controls are subject to human error, overriding, and reasonable resource or technical constraints. Further, we have undertaken independent third-party testing, verification or analysis of our data security and privacy controls. Therefore, our platform and quality controls and preventative measures we have implemented may not be effective in detecting all defects in our platform. In the event a significant defect in our platform and associated systems and controls is realized, we could be required to offer refunds, suspend the availability of our services, or expend significant resources to cure the defect, each of which could significantly harm our business and operating results.

***We rely on AWS to deliver our offerings to users on our platform, and any disruption of or interference with our use of AWS could adversely affect our business, financial condition, results of operations and prospects.***

We currently host our Bond Preventative Personal Security Platform and support our operations using Amazon Web Services, or AWS, a third-party provider of cloud infrastructure services, along with other service providers traditionally used by AWS. We do not, and will not, have control over the operations of the facilities or infrastructure of the third-party service providers that we use. Such third parties' facilities are vulnerable to damage or interruption from natural disasters, cybersecurity attacks, terrorist attacks, power outages and similar events or acts of misconduct. Our platform's continuing and uninterrupted performance will be critical to our success. We have experienced, and we expect that in the future we will experience interruptions, delays, and outages in service and availability from these third-party service providers from time to time due to a variety of factors, including infrastructure changes, human or software errors, website hosting disruptions and capacity constraints. In addition, any changes in these third parties' service levels may adversely affect our ability to meet the requirements of our users. Since our platform's continuing and uninterrupted performance is critical to our success, sustained or repeated system failures would reduce the attractiveness of our offerings. It may become increasingly difficult to maintain and improve our performance, especially during peak usage times, as we expand and the usage of our offerings increases. Any negative publicity arising from these disruptions could harm our reputation and brand and may adversely affect the usage of our offerings.

Our commercial agreement with AWS will remain in effect until terminated by AWS or us. Either party may terminate this Agreement for cause if the other party is in material breach of this Agreement and the material breach remains uncured for a period of 30 days from receipt of notice by the other party. No later than the Termination Date, we must close our account. AWS may also terminate this Agreement immediately upon notice (A) for cause if AWS has the right to suspend under certain circumstances as set forth in the AWS customer agreement, (B) if AWS' relationship with a third-party partner who provides software or other technology AWS uses to provide the Service Offerings expires, terminates or requires us to change the way AWS provides the software or other technology as part of the Services, or (C) in order to comply with the law or requests of governmental entities. In the event that our agreement with AWS is terminated or we add additional cloud infrastructure service providers, we may experience significant costs or downtime in connection with the transfer to, or the addition of, new cloud infrastructure service providers. Although alternative providers could host our platform on a substantially similar basis to AWS, transitioning the cloud infrastructure currently hosted by AWS to alternative providers could potentially be disruptive and we could incur significant one-time costs.

Any of the above circumstances or events may harm our reputation and brand, reduce the availability or usage of our platform, lead to a significant loss of revenue, increase our costs and impair our ability to attract new users, any of which could adversely affect our business, financial condition and results of operations.

***Certain acquisitions could adversely affect our financial results.***

We may pursue strategic acquisitions as part of our business strategy. There is no assurance that we will be able to find suitable acquisition candidates or be able to complete acquisitions on favorable terms, if at all. We may also discover liabilities or deficiencies associated with any companies acquired that were not identified in advance, which may result in unanticipated costs. The effectiveness of our due diligence review and ability to evaluate the results of such due diligence may depend upon the accuracy and completeness of statements and disclosures made or actions taken by the target companies or their representatives. As a result, we may not be able to accurately forecast the financial impact of an acquisition transaction, including tax and accounting charges. In addition, we may not be able to successfully integrate acquired businesses and may incur significant costs to integrate and support acquired companies. Any of these factors could adversely affect our financial results.

***Our business may be adversely impacted by additional leverage in connection with acquisitions.***

As stated above, we may pursue strategic acquisitions as part of our business strategy. If we are able to identify acquisition candidates, such acquisitions may be financed with a substantial amount of additional indebtedness. Although the use of leverage presents opportunities to increase our profitability, it has the effect of potentially increasing losses as well. If income and appreciation from acquisitions acquired through debt are less than the cost of the debt, the total return will decrease. Accordingly, any event which adversely affects the value of an acquisition will be magnified to the extent we are leveraged and we could experience losses substantially greater than if we did not use leverage.

Increased indebtedness could also make it more difficult for us to satisfy our obligations with respect to any other debt agreements, increase our vulnerability to general adverse economic and industry conditions and require that a greater portion of our cash flow be used to pay indebtedness, which would reduce the availability of cash available for other purposes, and limit our flexibility in planning for, or reacting to, changes in our business and our industry. Our failure to comply with any covenants under such indebtedness could result in an event of default that, if not cured or waived, could result in an acceleration of repayment of other existing indebtedness, which in turn could materially and adversely affect our business and results of operations.

***We incur increased costs as a result of operating as a public company, and our management is required to devote substantial time to compliance initiatives. We are subject to financial reporting and other requirements for which our accounting and other management systems and resources require proper resource allocation.***

As a public company we incur, and particularly after we are no longer an emerging growth company, we will incur significant legal, accounting and other expenses that we did not incur as a private company. In addition, the federal securities laws, including the Sarbanes-Oxley Act of 2002 (the "***Sarbanes-Oxley Act***"), the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and rules and regulations subsequently implemented by the SEC and Nasdaq have imposed various requirements on public companies, including requirements to file annual, quarterly, and event driven reports with respect to their business and financial condition, and to establish and maintain effective disclosure and financial controls and corporate governance practices. These rules and regulations impose legal and financial compliance costs, make certain activities more time-consuming and costly, and require our management and other personnel to devote a substantial amount of time to compliance initiatives. These rules and regulations make it more difficult and more expensive for us to obtain director and officer liability insurance.

Pursuant to Section 404 of the Sarbanes-Oxley Act, we are required to furnish a report by our management on our internal control over financial reporting, including an attestation report on internal control over financial reporting issued by our independent registered public accounting firm, beginning next year 2027. However, while we remain an emerging growth company, we will not be required to include an attestation report on internal control over financial reporting issued by our independent registered public accounting firm. To achieve compliance with Section 404 of the Sarbanes-Oxley Act, we will be engaged in a process to document and evaluate our internal control over financial reporting, which is both costly and challenging. We will need to continue to dedicate internal resources, potentially engage outside consultants, adopt a detailed work plan to assess and document the adequacy of internal control over financial reporting, continue steps to improve control processes as appropriate, validate through testing that controls are functioning as documented and implement a continuous reporting and improvement process for internal control over financial reporting. Despite our efforts, there is a risk that neither we, nor our independent registered public accounting firm will be able to conclude within the prescribed time frame that our internal control over financial reporting is effective as required by Section 404 of the Sarbanes-Oxley Act. This could result in an adverse reaction in the financial markets due to a loss of confidence in the reliability of our financial statements. We could also become subject to investigations by the SEC or other regulatory authorities, which could require additional financial and management resources.

As a public company, we are also required to maintain disclosure controls and procedures. Disclosure controls and procedures means our controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the SEC. We do not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all errors and all fraud. We believe a control system, no matter how well-designed and operated, can provide only reasonable, not absolute, assurance that the control system's objectives will be met. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and any design may not succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures. Accordingly, because of the inherent limitations in our control system, misstatements due to error or fraud may occur and not be detected.

***Recent and potential tariffs imposed by the U.S. government or a global trade war could increase the cost of our services, which could have a material adverse effect on our business, financial condition and results of operations.***

The U.S. government has and continues to make significant changes in U.S. trade policy and has taken certain actions that could negatively impact U.S. trade, including imposing tariffs on certain goods imported into the United States. There is also a concern that the imposition of additional tariffs by the United States could result in the adoption of tariffs by other countries as well, leading to a global trade war, which may adversely affect the global economy and businesses of our clients, which, in turn, would also adversely affect demand for our services. A downturn in the global economy or the economies of countries in which we or our clients operate as a result of any trade dispute could adversely affect our business, financial condition and results of operations. Although we do not directly engage in international trade business, our customers may be affected by the imposition of barriers to trade or escalation of trade disputes.

If we fail to manage these dynamics successfully, gross margins and profitability could be adversely affected. As of the date of this prospectus, tariffs have not had a material impact on our business, but increased tariffs or trade restrictions implemented by the United States or other countries in connection with a global trade war could have a material adverse effect on our business, financial condition and results of operations. We cannot predict what actions may ultimately be taken with respect to tariffs or trade relations between the United States and other countries, which of our customers may be subject to such actions, or what actions may be taken by the other countries in retaliation.

***Intellectual property rights do not necessarily address all potential threats to our competitive advantage.***

The degree of future protection afforded by our intellectual property rights is uncertain because intellectual property rights have limitations and may not adequately protect our business or permit us to maintain our competitive advantage. For example:

● others
 may be able to develop products and services that are similar to our product candidates but that are not covered by the claims of
 the patents that we own or license;

● we
 or our licensors or future collaborators might not have been the first to make the inventions covered by the issued patents or pending
 patent applications that we own or license;

● we
 or our licensors or future collaborators might not have been the first to file patent applications covering certain of our inventions;

● others
 may independently develop similar or alternative technologies or duplicate any of our technologies without infringing our intellectual
 property rights;

● it
 is possible that our licensors' pending patent applications will not lead to issued patents;

● issued
 patents that we own or license may be held invalid or unenforceable, as a result of legal challenges by our competitors;

● our
 competitors might conduct research and development activities in countries where we do not have patent rights and then use the information
 learned from such activities to develop competitive products for sale in our major commercial markets;

● we
 may not develop additional proprietary technologies that are patentable;

● we
 cannot predict the scope of protection of any patent issuing based on our patent applications, including whether the patent applications
 that we own or in-license will result in issued patents with claims that cover our product candidates or uses thereof in the United
 States or in other foreign countries;

● the
 claims of any patent issuing based on our patent applications may not provide protection against competitors or any competitive advantages,
 or may be challenged by third parties;

● if
 enforced, a court may not hold that our patents are valid, enforceable and infringed;

● we
 may need to initiate litigation or administrative proceedings to enforce and/or defend our patent rights which will be costly whether
 we win or lose;

● we
 may choose not to file a patent application in order to maintain certain trade secrets or know-how, and a third party may subsequently
 file a patent application and obtain an issued patent covering such intellectual property;

● we
 may fail to adequately protect and police our trademarks and trade secrets; and

● the
 patents of others may have an adverse effect on our business, including if others obtain patents claiming subject matter similar
 to or improving that covered by our patents and patent applications.

Should any of these events occur, they could significantly harm our business, results of operations and prospects.

***Intellectual property litigation may lead to unfavorable publicity that harms our reputation and causes the market price of our common shares to decline.***

During the course of any intellectual property litigation, there could be public announcements of the initiation of the litigation as well as results of hearings, rulings on motions, and other interim proceedings in the litigation. If securities analysts or investors regard these announcements as negative, the perceived value of our existing product candidates, programs or intellectual property could be diminished. Such announcements could also harm our reputation or the market for our future product candidates, which could have a material adverse effect on our business.

***If we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.***

In addition to the protection afforded by other types of intellectual property, we rely on the protection of our trade secrets, including unpatented know-how, technology and other proprietary information to maintain our competitive position. Although we have taken steps to protect our trade secrets and unpatented know-how, including entering into confidentiality agreements with third parties (including, but not limited to, contractors, collaborators, and outside scientific advisors), and confidential information and inventions agreements with employees, consultants, licensors and advisors, we cannot provide any assurances that all such agreements have been duly executed, and any of these parties may breach the agreements and disclose our proprietary information, including our trade secrets, and we may not be able to obtain adequate remedies for such breaches. We require our employees to enter into written confidentiality agreements that assign to us any inventions, developments, creative works and useful ideas of any description that are conceived of, reduced to practice or developed in the course of their employment. In addition, we require our third-party contractors to enter into a written non-disclosure agreement that requires the third party to not disclose certain of our confidential information in any manner or for any purpose other than as necessary and/or appropriate in connection with their obligations for a defined period of time, subject to certain exclusions. Enforcing a claim that a party illegally disclosed or misappropriated a trade secret is difficult, expensive and time-consuming, and the outcome is unpredictable. In addition, some courts inside and outside the United States are less willing or unwilling to protect trade secrets. We may need to share our proprietary information, including trade secrets, with our current and future business partners, collaborators, contractors and others located in countries at heightened risk of theft of trade secrets, including through direct intrusion by private parties or foreign actors, and those affiliated with or controlled by state actors.

Moreover, third parties may still obtain this information or may come upon this or similar information independently, and we would have no right to prevent them from using that technology or information to compete with us. If any of these events occurs or if we otherwise lose protection for our trade secrets, the value of this information may be greatly reduced and our competitive position would be harmed. If we or our licensors do not apply for patent protection prior to such publication or if we cannot otherwise maintain the confidentiality of our proprietary technology and other confidential information, then our ability to obtain patent protection or to protect our trade secret information may be jeopardized.

We may be subject to claims that our employees have wrongfully used or disclosed alleged confidential information or trade secrets of their former employers.

***If our efforts to build a strong brand identity and maintain a high level of user satisfaction and loyalty are unsuccessful, we may not be able to attract or retain users, and our operating results may be adversely affected.***

We must continue to build and maintain a strong brand identity. User awareness of, and the perceived value of, our brand will depend largely on the success of our marketing efforts and our ability to provide consistent, high-quality user experience. Failure to provide our users with high-quality reservation and experiences for any reason could substantially harm our reputation and adversely affect our efforts to develop as a trusted brand. To promote our brand, we have incurred and expect to continue to incur substantial expense related to advertising and other marketing efforts, but we cannot be sure that this investment will be profitable.

From time to time, our users express dissatisfaction with our service levels. To the extent dissatisfaction with our service is widespread or not adequately addressed, our reputation could be harmed, and our efforts to develop the company's name as a trusted brand would be adversely impacted. If our efforts to promote and maintain our brand are unsuccessful, our operating results and our ability to attract and retain users may be adversely affected.

**Risks Related to our Management and Control Persons**

***We will be a "controlled company" within the meaning of the Nasdaq Stock Market Rules upon the Direct Listing because our insiders will beneficially own more than 50% of the voting power of our outstanding voting securities.***

Upon completion of this Offering, our founder and Chief Executive Officer, Doron Kempel, together with certain management officers will collectively beneficially own approximately 96.45% of the voting power of our outstanding voting securities and we are a "controlled company" within the meaning of the listing rules of The Nasdaq Stock Market LLC. We may rely on certain exemptions from corporate governance rules, including an exemption from the rule that a majority of our board of directors must be independent directors. Although we currently do not intend to rely on the "controlled company" exemption under the Nasdaq listing rules, we could elect to rely on this exemption in the future. In the event that we elected to rely on the "controlled company" exemption, a majority of the members of our board of directors might not be independent directors, and our nominating and corporate governance and compensation committees might not consist entirely of independent directors. Our status as a controlled company could cause our shares of common stock to be less attractive to certain investors or otherwise harm our trading price. As a result, you would not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Additionally, investors may be prevented from effecting matters involving our Company, including:

● the
 composition of our Board and, through it, any determination with respect to our business direction and policies, including the appointment
 and removal of officers;

● any
 determination with respect to mergers or other business combinations;

● our
 acquisition or disposition of assets; and

● our
 corporate financing activities.

Furthermore, this concentration of voting power could have the effect of delaying, deterring, or preventing a change of control or other business combination that might otherwise be beneficial to our stockholders. This significant concentration of share ownership may also adversely affect the trading price of our common stock because investors may perceive disadvantages in owning stock in a Company that is controlled by a small number of stockholders. Although our Company does not intend to utilize the controlled company exemptions to the Nasdaq corporate governance listing standards, if we are eligible to utilize the controlled company exemptions in the future, we may choose to do so. In such instance we would be exempted from, among other things, the requirements to have a board with a majority of independent members and the requirement that we have a nominating and governance committee and compensation committee that are composed entirely of independent directors and have written charters addressing the respective committee's purpose and responsibilities.

**Risks Related to Our Financial Condition and Capital Requirements**

***We will require substantial additional capital to finance our operations. If we are unable to raise such capital when needed, or on acceptable terms, we may be forced to delay, reduce and/or eliminate one or more of our research and drug development programs or future commercialization efforts.***

Our operations have consumed substantial amounts of cash since inception, and we expect our expenses to increase in connection with our ongoing activities. The Company will continue to invest in building out its sales and marketing teams as well as maintain a robust engineering and development team. General and administrative expenses will increase as the cost of maintaining a public company is significantly higher than maintaining a privately held company. Accordingly, we will need to obtain substantial additional funding in order to maintain our continuing operations.

As of December 31, 2025, we had approximately $599,000 in cash on hand and a working capital deficit of approximately $5,703,000, and our anticipated operating requirements for the next twelve months, assuming the maintenance of our current operations, exceed our available capital resources. Our estimate as to how long we expect our existing capital to be able to continue to fund our operations is based on assumptions that may prove to be wrong, and we could use our available capital resources sooner than we currently expect. Changing circumstances, some of which may be beyond our control, could cause us to consume capital significantly faster than we currently anticipate, and we may need to seek additional funds sooner than planned.

Our future funding requirements will depend on many factors, including, but not limited to:

● the initiation, progress, timeline, cost and results of our products;

● the cost and timing of manufacturing activities;

● the effect of competing technological and market developments;

● the payment of licensing fees, potential royalty payments and potential milestone payments;

● the cost of general operating expenses; and

● the costs of operating as a public company.

Advancing the development of our product will require a significant amount of capital. In order to fund all of the activities that are necessary to complete the development of our product, we will be required to obtain further funding through equity offerings, debt financings, collaborations and licensing arrangements or other sources, which may dilute our stockholders or restrict our operating activities. Adequate additional funding may not be available to us on acceptable terms, or at all.

Our failure to raise capital as and when needed or on acceptable terms would have a negative impact on our financial condition and our ability to pursue our business strategy, and we may have to delay, reduce the scope of, suspend or eliminate one or more of our research-stage programs, clinical trials or future commercialization efforts, grant rights to develop and market product candidates that we would otherwise prefer to develop and market ourselves, obtain funds through arrangement with collaborators on terms unfavorable to us or pursue merger or acquisition strategies, all of which could adversely affect the holdings or the rights of our stockholders.

***Our ability to sell a substantial amount of common stock in the future under the Equity Line SPA may pose a risk of significant dilution to our existing stockholders.***

Under the Equity Line SPA, subject to the limits and conditions of that agreement, we have the contractual ability to sell up to $300 million worth of our Common Stock to Ascent over a three-year period. Any shares of Common Stock we chose to sell under the Equity Line SPA will generally be priced at 96% of the volume-weighted-average-price ("***WVAP***") for our Common Stock over the 10 trading days prior to each closing date, subject to downward adjustment based on 96% of the VWAP for our common stock over the 10 trading days subsequent to each closing date. If our stock price were to decrease over time, the price per share we would be able to realize for sales of our common stock under the Equity Line SPA would correspondingly decrease. In the event of a sustained decline in our stock trading price, we may be required to issue a substantial number of additional shares in order to access each additional tranche of funding under the Equity Line SPA, resulting in our existing shareholders experiencing greater dilution upon each additional sale of shares under the equity line facility. Should we decide to issue a significant number of shares under the Equity Line SPA future, particularly at a time when our share price is already declining, a substantial decrease in our share price is likely to result.

***We have a limited operating history, which may make it difficult for you to evaluate our current business and predict our future success and viability.***

Our Company was incorporated under the laws of the State of Delaware on April 11, 2017 as a Delaware limited liability company, converted to a Delaware corporation on June 29, 2018 as TG-17, Inc and subsequently, submitted the necessary filings to re-domicile as a Nevada corporation on August 27, 2025 under the name TG-17, Inc. dba Bond. We change our name to Our Bond, Inc. on February 11, 2026. The likelihood of our creation of a successful business must be considered in light of the problems, expenses, difficulties, complications, and delays frequently encountered in connection with the growth of a business, operation in a competitive industry, and the continued development of our technology and products. We anticipate that our operating expenses will increase for the near future, and there is no assurance that we will be profitable in the near future. You should consider our business, operations, and prospects in light of the risks, expenses and challenges faced as an emerging growth company.

***We have historically operated at a loss, which has resulted in an accumulated deficit.***

For the fiscal years ended December 31, 2025 and December 31, 2024, we incurred losses of approximately $10,549,000 and approximately $11,017,000, respectively. There can be no assurance that we will ever achieve profitability. Even if we do, there can be no assurance that we will be able to maintain or increase profitability on a quarterly or annual basis. Failure to do so would continue to have a material adverse effect on our accumulated deficit, would affect our cash flows, would affect our efforts to raise capital and is likely to result in a decline in the value of your investment in our Company.

***We anticipate sustaining operating losses for the foreseeable future.***

It is anticipated that we will sustain operating losses for the foreseeable future as we expand our team, continue with research and development, and strive to gain customers and gain market share in our industry. Our ability to become profitable depends on our ability to expand our customer base. There can be no assurance that this will occur. Unanticipated problems and expenses are often encountered in offering new products which may impact whether the Company is successful. Furthermore, we may encounter substantial delays and unexpected expenses related to development, technological changes, marketing, regulatory requirements and changes to such requirements or other unforeseen difficulties. There can be no assurance that we will ever become profitable. If the Company sustains losses over an extended period of time, it may be unable to continue in business.

***Raising additional capital may cause dilution to our existing stockholders.***

We may seek additional capital through a variety of means, including through equity, debt financings, or other sources. We may seek additional capital due to favorable market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that we raise additional capital through the sale of equity or convertible debt securities, your ownership interest will be diluted, and the terms may include liquidation or other preferences and anti-dilution protections that adversely affect your rights as a stockholder.

Such financing may also result in the imposition of debt covenants, increased fixed payment obligations or other restrictions that may adversely affect our ability to conduct our business. If we raise additional funds through collaborations, strategic alliances or marketing, distribution or licensing arrangements with third parties, we may have to relinquish valuable rights to our technologies, future revenue streams, research programs or product candidates, or grant licenses on terms that are not favorable to us.

***We may not be able to continue as a going concern without additional financing, and if such financing is not available to us or is not available to us on acceptable terms, we may be forced to cease operations.***

We have a limited operating history and have incurred recurring losses from operations. For the fiscal years ended December 31, 2025 and 2024, we incurred a net loss of approximately $10,549,000 and approximately $11,017,000, respectively. Our failure to generate sufficient revenues, effectively manage expenses or raise additional capital could adversely affect our ability to achieve our intended business objectives. These matters, among others, raise substantial doubt about our ability to continue as a going concern.

The Company has primarily funded its operations through a combination of equity financing, venture debt, five series of convertible notes and internal cash flows, depending on the stage of its development and strategic goals. In its early stages, the Company relied on seed capital from its founder, followed by capital rounds and venture debt to support its growth and expansion. More recently, operational cash flows have become a more significant source of funding, reducing reliance on external financing.

***We have a substantial customer concentration, with a limited number of customers accounting for a substantial portion of our revenue.***

We derive a significant portion of our revenues from a few major customers. For the year ended December 31, 2025, two customers accounted for 51.20% and 14.34% of our total revenue. There are inherent risks whenever a large percentage of total revenue is derived from a limited number of customers. It is not possible for us to predict the future level of demand for our products and services that will be generated by these customers. If we experience declining or delayed sales from these customers due to market, economic or competitive conditions, we could be pressured to reduce our prices or our customers could decrease the purchase quantity of our products and services, which could have an adverse effect on our margins and financial position and could negatively affect our revenues and results of operations. If any one of our largest customers terminates the purchase of our products and services, such termination would materially negatively affect our revenues, results of operations and financial condition. Moreover, our reliance on a limited number of customers may limit our bargaining power and ability to negotiate favorable terms in future contracts. If we are unable to diversify our customer base and reduce our dependence on a small number of customers, our business, operating results, and financial condition could be adversely affected by any negative developments involving these key customers. To mitigate these risks, we are actively seeking to expand our customer base and reduce our reliance on a few significant customers. However, there can be no assurance that we will be successful in these efforts, and our financial performance may continue to be significantly influenced by our key customers.

***Because many of our expenses are fixed, we may be unable to limit our losses if we fail to achieve our forecasted revenue.***

We must invest significantly in Command Centers and engineering staff and personal security agents to continue our operations. This build-up before actual reservations exposes us to significant up-front fixed costs. If market demand for our services does not increase as quickly as we have anticipated, or if there is a rapid and unexpected decline in demand for our services, we may be unable to offset these fixed costs and to achieve economies of scale, and our operating results may be adversely affected because of high operating expenses, reduced margins, underutilization of capacity and asset impairment charges.

**Risks Related to This Offering and Ownership of Our Common Stock**

***It is not possible to predict the actual number of shares we will sell under the Equity Line SPA, or the actual gross proceeds resulting from those sales. We may not have access to the full amount available under the Equity Line SPA with Ascent.***

On October 27, 2025, we entered into the Equity Line SPA with Ascent, pursuant to which Ascent committed to purchase up to $300 million in shares of our Common Stock, at our direction from time to time after the date of this prospectus, subject to the satisfaction of the conditions in the Equity Line SPA. Sales of Common Stock by us to Ascent, if any, will be subject to certain limitations, and may occur from time-to-time in our sole discretion, over the period commencing once certain customary conditions are satisfied, including securing effectiveness of the resale registration statement with the Commission and ending on February 4, 2029.

Sales of our Common Stock to Ascent under the Equity Line SPA will depend upon market conditions and other factors to be determined by us. We may ultimately decide to sell to Ascent all or a portion of the shares of our Common Stock that may be available pursuant to the Equity Line SPA or decide to not sell to Ascent any shares of our Common Stock that may be available for us to sell to Ascent pursuant to the Equity Line SPA.

Because the purchase price per share to be paid by Ascent for the shares of our Common Stock that we may elect to sell to Ascent under the Equity Line SPAs will fluctuate based on the market prices of our Common Stock during the applicable purchase valuation period for each purchase, it is not possible for us to predict, the number of shares of our Common Stock that we will sell to Ascent, the purchase price per share that Ascent will pay for shares purchased from us, or the aggregate gross proceeds that we will receive from those purchases by Ascent under the Equity Line SPA.

Any issuance and sale by us under the Equity Line SPA of a substantial amount of shares of our Common Stock that are being registered for resale by Ascent could cause additional substantial dilution to our stockholders. The number of shares of our Common Stock ultimately offered for resale by Ascent is dependent upon the number of shares of our Common Stock we ultimately sell to Ascent under the Equity Line SPA.

Our inability to access a portion or the full amount available under the Equity Line SPA, in the absence of any other financing sources, could have a material adverse effect on our business. The extent to which we rely on Ascent as a source of funding will depend on a number of factors including the prevailing market price of our Common Stock and the extent to which we are able to secure working capital from other sources. If obtaining sufficient funding from Ascent were to prove unavailable or prohibitively dilutive, we may need to secure another source of funding in order to satisfy our working capital needs. Even if we were to receive all $300 million in gross proceeds under the Equity Line SPA, we may still need additional capital to fully implement our business, operating and development plans. Should the financing we require to sustain our working capital needs be unavailable or prohibitively expensive when we require it, there could be a material adverse effect on our business, operating results, financial condition and prospects.

***Investors who buy shares at different times will likely pay different prices.***

Pursuant to the Equity Line SPA, we will have discretion, subject to market demand, to vary the timing, prices, and numbers of shares sold to Ascent. If and when we do elect to sell shares of our Common Stock to Ascent under the Equity Line SPA, after Ascent has acquired such shares, Ascent may resell all or a portion of such shares from time to time in its discretion and at different prices. As a result, investors who purchase shares from Ascent at different times will likely pay different prices for those shares, and so may experience different levels of dilution and in some cases substantial dilution and different outcomes in their investment results. Investors may experience a decline in the value of the shares they purchase from Ascent as a result of future sales made by us to Ascent at prices lower than the prices such investors paid for their shares.

***Our Common Stock currently is listed on Nasdaq and the market price of shares of our Common Stock may be volatile.***

Our Common Stock is listed and traded on Nasdaq and we cannot predict the prices at which our Common Stock will trade on Nasdaq, and the market price of our Common Stock fluctuate significantly in response to various factors, some of which are beyond our control.

The public price of our Common Stock is subject to wide fluctuations in response to the risk factors described in this prospectus and others beyond our control, including:

● changes
 in the industries in which we operate;

● actual
 or anticipated fluctuations in our quarterly or annual operating results;

● publication
 of research reports by securities analysts about us or our competitors or our industry;

● the
 public's reaction to our press releases, our other public announcements and our filings with the SEC;

● our
 failure or the failure of our potential competitors to meet analysts' projections or guidance that we or our potential competitors
 may give to the market;

● additions
 and departures of key personnel;

● changes
 in laws and regulations affecting our business;

● commencement
 of, or involvement in, litigation involving us;

● changes
 in our capital structure, such as future issuances of securities or the incurrence of additional debt;

● the
 volume of shares of our Common Stock available for public sale; and

● general
 economic and political conditions such as recessions, interest rates, fuel prices, foreign currency fluctuations, international tariffs,
 social, political and economic risks and acts of war or terrorism.

In addition, securities exchanges have experienced price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies. Stock prices of many companies have fluctuated in a manner often unrelated to the operating performance of those companies. In the past, stockholders have instituted securities class action litigation following periods of market volatility. If we were to become involved in securities litigation, it could subject us to substantial costs, divert resources and the attention of management from our business and harm our business, results of operations and financial condition.

***If we cannot meet the continued listing requirements of Nasdaq, Nasdaq may delist our securities.***

As a public company, we are subject to the reporting requirements and the rules and regulations of the applicable listing standards of Nasdaq. If we fail to maintain compliance with the continued listing standards of Nasdaq, our securities may be delisted, which could negatively affect the market price and liquidity of our securities. In such a case, we may seek to regain compliance by implementing a number of available options. If in the future our securities are delisted from Nasdaq, we could face significant material adverse consequences, including: limited availability of market quotations for our securities; reduced liquidity for our shares; a determination that our shares are "penny stock," which will require brokers trading in our shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our shares; a limited amount of news and analyst coverage; and decreased ability to issue additional securities or obtain additional financing in the future. In addition, as long as our shares are listed on Nasdaq, U.S. federal law prevents or preempts the states from regulating their sale, although the law does allow the states to investigate companies if there is a suspicion of fraud and, if there is a finding of fraudulent activity, then the states can regulate or bar their sale. If we were no longer listed on Nasdaq, we would be subject to regulations in each state in which we offer our shares.

***Future sales of Common Stock by our Selling Stockholders and other existing stockholders could cause our share price to decline.***

As described herein, certain shares of our Common Stock outstanding as of the date hereof, as well as shares issuable to Ascent under the Equity Line SPA and as dividends payable on outstanding shares of Series C Preferred Stock and Series D Preferred Stock, will be registered under this registration statement. There can be no assurance that the Selling Stockholders and other existing stockholders will not sell all of their shares of Common Stock, resulting in an oversupply of our Common Stock on Nasdaq. In the case of a lack of supply of our Common Stock, the trading price of our Common Stock may rise to an unsustainable level. Further, institutional investors may be discouraged from purchasing our Common Stock if they are unable to purchase a block of our Common Stock in the open market due to a potential unwillingness of our existing stockholders to sell a sufficient amount of Common Stock at the price offered by such institutional investors and the greater influence individual investors have in setting the trading price. If institutional investors are unable to purchase our Common Stock, the market for our Common Stock may be more volatile without the influence of long-term institutional investors holding significant amounts of our Common Stock. In the case of a lack of market demand for our Common Stock, the trading price of our Common Stock could decline significantly and rapidly after our listing. Therefore, an active, liquid and orderly trading market for our Common Stock may not be sustained, which could significantly depress the public price of our Common Stock and/or result in significant volatility, which could affect your ability to sell your shares of Common Stock.

***You may be diluted by future issuances of preferred stock or additional Common Stock in connection with our incentive plans, acquisitions or otherwise; future sales of such shares in the public market, or the expectations that such sales may occur, could lower our stock price.***

Prior to the effectiveness of the registration statement of which this prospectus forms a part, we adopted articles of incorporation which authorize us to issue shares of Common Stock, preferred stock, and options, rights, warrants and appreciation rights relating to our Common Stock for the consideration and on the terms and conditions established by our board of directors in its sole discretion. We could issue a significant number of shares of Common Stock in the future in connection with investments or acquisitions. Any of these issuances could dilute our existing stockholders, and such dilution could be significant. Moreover, such dilution could have a material adverse effect on the market price for the shares of our Common Stock.

The future issuance of shares of preferred stock with voting rights may adversely affect the voting power of the holders of shares of our Common Stock, either by diluting the voting power of our Common Stock if the preferred stock votes together with the Common Stock as a single class, or by giving the holders of any such preferred stock the right to block an action on which they have a separate class vote, even if the action were approved by the holders of our shares of our Common Stock.

The future issuance of shares of preferred stock with dividend or conversion rights, liquidation preferences or other economic terms favorable to the holders of preferred stock could adversely affect the market price for our Common Stock by making an investment in the Common Stock less attractive. For example, investors in the Common Stock may not wish to purchase Common Stock at a price above the conversion price of a series of convertible preferred stock because the holders of the preferred stock would effectively be entitled to purchase Common Stock at the lower conversion price, causing economic dilution to the holders of Common Stock.

***Because we have no current plans to pay cash dividends on our Common Stock, you may not receive any return on investment unless you sell your Common Stock for a price greater than that which you paid for it.***

We currently intend to retain all available funds and any future earnings to fund the development, commercialization and growth of our business, and therefore we do not anticipate declaring or paying any cash dividends on our Common Stock in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital requirements, general business conditions and other factors that our board of directors may deem relevant. Our future ability to pay cash dividends on our Common Stock may also be limited by the terms of any future debt securities or credit facility. As a result, capital appreciation, if any, of the Common Stock you purchase in this offering will be your sole source of gain for the foreseeable future.

***We are an emerging growth company and a smaller reporting company, and the reduced disclosure requirements applicable to emerging growth companies and smaller reporting companies may make our Common Stock less attractive to investors.***

We are an "emerging growth company," as defined in the JOBS Act. For as long as we continue to be an emerging growth company, we may take advantage of certain exemptions and relief from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including (i) not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, (ii) having the option of delaying the adoption of certain new or revised financial accounting standards, (iii) reduced disclosure obligations regarding executive compensation in this prospectus and our periodic reports and proxy statements and (iv) exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. We may take advantage of these exemptions until such time that we are no longer an emerging growth company. Accordingly, the information contained herein may be different than the information you receive from other public companies in which you hold stock. Further, pursuant to Section 107 of the JOBS Act, we have elected to take advantage of the extended transition period for complying with new or revised accounting standards until those standards would otherwise apply to private companies. As a result, our operating results and financial statements may not be comparable to the operating results and financial statements of other companies who have adopted the new or revised accounting standards.

We will remain an emerging growth company until the earliest of (i) the last day of the fiscal year following the fifth anniversary of this offering, (ii) the last day of the fiscal year in which we have total annual gross revenue of at least $1.235 billion, (iii) the last day of the fiscal year in which we are deemed to be a "large accelerated filer" as defined in Rule 12b-2 under the Exchange Act, which would occur if the market value of our Common Stock held by non-affiliates was $700.0 million or more as of the last business day of the second fiscal quarter of such year or (iv) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.

We are also a "smaller reporting company" as defined in the Exchange Act. We may continue to be a smaller reporting company even after we are no longer an emerging growth company. We may take advantage of certain of the scaled disclosures available to smaller reporting companies until the fiscal year following the determination that our voting and non-voting Common Stock held by non-affiliates is $250 million or more measured on the last business day of our second fiscal quarter, or our annual revenues are less than $100 million during the most recently completed fiscal year and our voting and non-voting Common Stock held by non-affiliates is $700 million or more measured on the last business day of our second fiscal quarter.

It is possible that some investors will find our Common Stock less attractive as a result of the foregoing, which may result in a less active trading market for our Common Stock and higher volatility in our stock price.

Our articles of incorporation provide for an exclusive forum in a state court located within the State of Nevada for certain disputes between us and our stockholders, which could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.

***Our articles of incorporation provides that, unless we consent in writing to the selection of an alternative forum, a state court located within the State of Nevada and, to the extent enforceable, the federal district courts of the United States of America will be the exclusive forums for certain disputes between us and our stockholders, which could limit our stockholders' ability to choose the judicial forum for disputes with us or our directors, officers or employees.***

Furthermore, Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all Securities Act actions. Accordingly, both state and federal courts have jurisdiction to entertain such claims. To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent or contrary rulings by different courts, among other considerations, our articles of incorporation provide that the federal district courts of the United States of America shall be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act and the Exchange Act. While the Nevada courts have determined that such choice of forum provisions are facially valid, a stockholder may nevertheless seek to bring a claim in a venue other than those designated in the exclusive forum provisions. In such instance, we would expect to vigorously assert the validity and enforceability of the exclusive forum provisions of our articles of incorporation, but there can be no assurance that the provisions will be enforced by a court in those other jurisdictions.

Any person or entity purchasing or otherwise acquiring any interest in any of our securities shall be deemed to have notice of and consented to these provisions. These exclusive-forum provisions may limit a stockholder's ability to bring a claim in a judicial forum of its choosing for disputes with us or our directors, officers or other employees, which may discourage lawsuits against us and our directors, officers and other employees. If a court were to find either exclusive-forum provision in our articles of incorporation to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving the dispute in other jurisdictions, which could harm our results of operations.

***We have not agreed to indemnify the Selling Stockholders for claims arising in connection with sales of our Common Stock in this offering, however, claims for indemnification by our directors and officers may reduce the amount of money available to us.***

We have not agreed to indemnify the Selling Stockholders for claims arising in connection with sales of our Common Stock under this prospectus. However, our articles of incorporation provide that our directors and officers will be indemnified by us to the fullest extent permitted by Nevada law. In addition, as permitted by NRS 78.7502 and NRS 78.751, our articles of incorporation and any indemnification agreements that we enter into with our directors and officers following the effectiveness of the registration statement of which this prospectus forms a part:

● we will indemnify our directors and officers for serving us in those capacities or for serving other business enterprises at our request, to the fullest extent permitted by Nevada law;

● Nevada law provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe such person's conduct was unlawful;

● we may, in our discretion, indemnify employees and agents in those circumstances where indemnification is permitted by applicable law;

● we are required to advance expenses, as incurred, to our directors and officers in connection with defending a proceeding, except that such directors or officers shall undertake to repay such advances if it is ultimately determined that such person is not entitled to indemnification;

● we are authorized to enter into indemnification agreements with our directors, officers, employees, and agents and to obtain insurance to indemnify such persons; and

● we may not retroactively amend our articles of incorporation provisions to reduce our indemnification obligations to directors, officers, employees, and agents.

While we have procured directors' and officers' liability insurance policies, such insurance policies may not be available to us in the future at a reasonable rate, may not cover all potential claims for indemnification, and may not be adequate to indemnify us for all liability. Large indemnity payments to our directors and officers in excess of any available insurance would materially adversely affect our business, financial condition, and results of operations.

**General Risks**

***Reports published by analysts, including projections in those reports that differ from our actual results, could adversely affect the price and trading volume of our Common Stock.***

Securities research analysts may establish and publish their own periodic projections for our Company. These projections may vary widely and may not accurately predict the results we actually achieve. The price of our Common Stock may decline if our actual results do not match the projections of these securities research analysts. Similarly, if one or more of the analysts who write reports on us downgrades our stock or publishes inaccurate or unfavorable research about our business, our stock price could decline. If one or more of these analysts ceases coverage of us or fails to publish reports on us regularly, our stock price or trading volume could decline.

***Our internal computer systems, or those of any of our manufacturers, contractors, consultants, collaborators or potential future collaborators, may fail or suffer security or data privacy breaches or other unauthorized or improper access to, use of, or destruction of our proprietary or confidential data, employee data or personal data, which could result in additional costs, loss of revenue, significant liabilities, harm to our brand and material disruption of our operations.***

Despite the implementation of security measures, our internal computer systems and those of our current and any future manufacturers, contractors, consultants, collaborators and third-party service providers, are vulnerable to damage from computer viruses, cybersecurity threats, unauthorized access, natural disasters, terrorism, war and telecommunication and electrical failure. Because the techniques used to obtain unauthorized access to, or to sabotage, systems change frequently and often are not recognized until launched against a target, we may be unable to anticipate these techniques or implement adequate preventative measures. We may also experience security breaches that may remain undetected for an extended period. Some of the federal, state and foreign government requirements include obligations of companies to notify individuals of security breaches involving particular personally identifiable information, which could result from breaches experienced by us or by our vendors, contractors or organizations with which we have formed strategic relationships. Notifications and follow-up actions related to a security breach could impact our reputation, cause us to incur significant costs, including legal expenses and remediation costs. To the extent that any disruption or security breach were to result in a loss of, or damage to, our data, or inappropriate disclosure of confidential or proprietary information, we could be exposed to litigation and governmental investigations, the further development and commercialization of our product candidates could be delayed, and we could be subject to significant fines or penalties for any noncompliance with certain state, federal and/or international privacy and security laws.

In the ordinary course of our business, we may process, collect, store, and transmit proprietary, confidential, and sensitive data, including de-identified personal data, intellectual property, proprietary business information and trade secrets (collectively, sensitive information). We may rely upon third-party service providers and technologies to operate critical business systems to process sensitive information in a variety of contexts, including, without limitation, third-party providers of information technology infrastructure, cloud-based infrastructure, encryption and authentication technology, employee email, content delivery to customers, and other functions. Our ability to monitor these third parties' information security practices is limited, and these third parties may not have adequate information security measures in place. We may share or receive sensitive information with or from third parties.

Cyber-attacks, malicious internet-based activity, and online and offline fraud are prevalent and continue to increase. These threats are becoming increasingly difficult to detect. These threats come from a variety of sources, including traditional computer "hackers," "hacktivists," threat actors, personnel (such as through theft or misuse), sophisticated nation states, and nation-state-supported actors. Some actors now engage and are expected to continue to engage in cyber-attacks, including without limitation nation-state actors for geopolitical reasons and in conjunction with military conflicts and defense activities. During times of war and other major conflicts, we and the third parties upon which we rely may be vulnerable to a heightened risk of these attacks, including retaliatory cyber-attacks, that could materially disrupt our systems and operations, supply chain, and ability to produce, sell and distribute our goods and services. We and the third parties upon which we rely may be subject to a variety of evolving threats, including but not limited to social-engineering attacks (including through phishing attacks), malicious code (such as viruses and worms), malware (including as a result of advanced persistent threat intrusions), denial-of-service attacks (such as credential stuffing), personnel misconduct or error, ransomware attacks, supply-chain attacks, software bugs, server malfunctions, software or hardware failures, loss of data or other information technology assets, adware, telecommunications failures, earthquakes, fires, floods, and other similar threats. Ransomware attacks, including by organized criminal threat actors, nation-states, and nation-state-supported actors, are becoming increasingly prevalent and severe and can lead to significant interruptions in our operations, disruption of clinical trials, loss of data (including data related to clinical trials), and income, reputational harm, and diversion of funds. Extortion payments may alleviate the negative impact of a ransomware attack, but we may be unwilling or unable to make such payments due to, for example, applicable laws or regulations prohibiting such payments. Similarly, supply-chain attacks have increased in frequency and severity, and we cannot guarantee that third parties and infrastructure in our supply chain or our third-party partners' supply chains have not been compromised or that they do not contain exploitable defects or bugs that could result in a breach of or disruption to our information technology systems or the third-party information technology systems that support us and our services.

Remote work has become more common and has increased risks to our information technology systems and data, as more of our employees utilize network connections, computers, and devices outside our premises or network, including working at home, while in transit and in public locations.

Future or past business transactions (such as acquisitions or integrations) could expose us to additional cybersecurity risks and vulnerabilities, as our systems could be negatively affected by vulnerabilities present in acquired or integrated entities' systems and technologies.

We may expend significant resources or modify our business activities to try to protect against security incidents. Certain data privacy and security obligations may require us to implement and maintain specific security measures, industry-standard or reasonable security measures to protect our information technology systems and sensitive information.

While we have established physical, electronic and organizational security measures to safeguard and secure our systems against security incidents, and rely on commercially-available systems, software, tools, and monitoring to provide security for our information technology systems and the processing, transmission and storage of digital information, there can be no assurance that these measures will be effective. We may be unable in the future to detect vulnerabilities in our information technology systems because such threats and techniques change frequently, are often sophisticated in nature, and may not be detected until after a security incident has occurred. Despite our efforts to identify and address vulnerabilities, if any, in our information technology systems, our efforts may not be successful. Further, we may experience delays in developing and deploying remedial measures designed to address any such identified vulnerabilities.

Applicable data privacy and security obligations may require us to notify relevant stakeholders of security incidents. Such disclosures are costly, and the disclosure or the failure to comply with such requirements could lead to adverse consequences. If we (or a third party upon whom we rely) experience a security incident or are perceived to have experienced a security incident, we may experience adverse consequences. These consequences may include: government enforcement actions (for example, investigations, fines, penalties, audits, and inspections); additional reporting requirements and/or oversight; restrictions on processing sensitive information (including personal data); litigation (including class claims); indemnification obligations; negative publicity; reputational harm; monetary fund diversions; interruptions in our operations (including availability of data); financial loss; and other similar harms. Security incidents and attendant consequences may cause customers to stop using our products, deter new customers from using our products, and negatively impact our ability to grow and operate our business.

Our contracts may not contain limitations of liability, and even where they do, there can be no assurance that limitations of liability in our contracts are sufficient to protect us from liabilities, damages, or claims related to our data privacy and security obligations. We cannot be sure that our insurance coverage will be adequate or sufficient to protect us from or to mitigate liabilities arising out of our privacy and security practices, that such coverage will continue to be available on commercially reasonable terms or at all, or that such coverage will pay future claims.

Our insurance policies may not be adequate to compensate us for the potential losses arising from any such disruption, failure or security breach. In addition, such insurance may not be available to us in the future on economically reasonable terms, or at all. Further, our insurance may not cover all claims made against us and could have high deductibles in any event, and defending a suit, regardless of its merit, could be costly and divert management attention.

***Our operations are vulnerable to interruption by fire, severe weather conditions, power loss, telecommunications failure, terrorist activity and other events beyond our control, which could harm our business.***

Our Command Centers may be located in regions which experience severe weather from time to time. We have not undertaken a systematic analysis of the potential consequences to our business and financial results from a major tornado, flood, fire, earthquake, power loss, terrorist activity or other disasters and do not have a recovery plan for such disasters. In addition, we do not carry sufficient insurance to compensate us for actual losses from interruption of our business that may occur, and any losses or damages incurred by us could harm our business. The occurrence of any of these business disruptions could seriously harm our operations and financial condition and increase our costs and expenses.

**MARKET AND INDUSTRY DATA**

This prospectus includes estimates regarding market and industry data. Unless otherwise indicated, information concerning our industry and the markets in which we operate, including our general expectations, market position, market opportunity, and market size, are based on our management's knowledge and experience in the markets in which we operate, together with currently available information obtained from various sources, including publicly available information, industry reports and publications, surveys, our customers, trade and business organizations, and other contacts in the markets in which we operate. Certain information is based on management estimates, which have been derived from third-party sources, as well as data from our internal research.

In presenting this information, we have made certain assumptions that we believe to be reasonable based on such data and other similar sources and on our knowledge of, and our experience to date in, the markets in which we operate. While we believe the estimated market and industry data included in this prospectus is generally reliable, such information is inherently uncertain and imprecise. Market and industry data is subject to change and may be limited by the availability of raw data, the voluntary nature of the data gathering process, and other limitations inherent in any statistical survey of such data. In addition, projections, assumptions, and estimates of the future performance of the markets in which we operate are necessarily subject to uncertainty and risk due to a variety of factors, including those described in "*Risk Factors*" and "*Cautionary Note Regarding Forward-Looking Statements*." These and other factors could cause results to differ materially from those expressed in the estimates made by third parties and by us.

The source of certain statistical data, estimates, and forecasts contained in this prospectus are the following independent industry publications or reports:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Fortune Business Insights, *Private Security Market to Worth USD 338.23 Billion by 2030 With a 5.3% CAGR*, (September 2023) https://www.globenewswire.com/news-release/2023/09/07/2739132/0/en/Private-Security-Market-to-Worth-USD-338-23-Billion-by-2030-With-a-5-3-CAGR.html

In Bond's view it is creating a new segment of preventative personal security that is effective and accessible via the smart phones and smart watches of the end-users. Hence, the total available market is a factor of people with smart phones (and even smart watches). The ability of Bond to capture market share will depend on the competitive landscape and Bond's ability to efficiently influence institutions and end-users to adopt the services.

Bond's services are applicable for any individual with a smartphone.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Priori Data, *How Many People Own Smartphones in the World? (2024-2029)* (January 2025), https://prioridata.com/data/smartphone-stats/

Bond's current route to market is B2B, implying selling to corporations who buy the service on behalf of their employees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Statista, *Monthly employment level of the United States from October 2022 to October 2024* (in millions, seasonally adjusted) (November 2024) https://www.statista.com/statistics/209123/seasonally-adjusted-monthly-number-of-employees-in-the-us/

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Statista, *Number of employees worldwide from 1991 to 2023, by gender* (in billions, with a forecast until 2025) (May 2025) https://www.statista.com/statistics/1258668/global-employment-figures-by-gender/

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● U.S. Department of Labor, Occupational Safety and Health Administration, *Business Case for Safety and Health* (https://www.osha.gov/businesscase)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Other publicly available reports

The content of the above sources, except to the extent specifically set forth in this prospectus, does not constitute a portion of this prospectus and is not incorporated herein.

**SHARES OFFERED FOR RESALE**

On June 25, 2025, we issued an aggregate of 329,671 shares of Series C Preferred Stock with par value of $0.0001, to Ascent Partners Fund LLC ("***Ascent***"). Series C Preferred Stock has a stated value of $10.00 per share and is convertible to shares of Common Stock at a price of $3.2475 per share, subject to adjustment as provided in the certificate of designation for Series C Preferred Stock. For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series C Preferred Stock</u>*." As of the date of this prospectus, Ascent has converted a total of 277,171 shares of Series C Preferred Stock to a total of 1,367,742 shares of common stock. As of the date of this Prospectus, 52,500 shares of Series C Preferred Stock remain issued and outstanding.

From October 27, 2025 through February 4, 2026, we issued an aggregate of 549,451 shares of Series D Preferred Stock to Ascent. Series D Preferred Stock, which has a stated value of $10.00 per share, is convertible to common stock at a price of $12.35 per share, subject to adjustment as provided in the certificate of designation for the Series D Preferred Stock. For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series D Preferred Stock</u>*." As of the date of this prospectus, Ascent has converted a total of 24,000 shares of Series D Preferred Stock to a total of 19,434 shares of common stock. As of the date of this Prospectus, 525,451 shares of Series D Preferred Stock remain issued and outstanding.

Under the certificates of designations for Series C Preferred Stock and Series D Preferred Stock, the holders are entitled to a monthly dividend at a rate of 8% of the stated value, which commenced accumulating on the initial issuance dates and is computed on the basis of 360-day year and twelve (12) 30-day months. At our option, dividends due on Series C Preferred Stock and Series D Preferred Stock may be paid by the issuance of shares of our Common Stock valued at the relevant conversion prices.

The Equity Line SPA provides for the sale to Ascent of up to $300,000,000 worth of Common Stock. As of February 11, 2026, we have not issued any shares under the Equity Line SPA. Additionally, under the Equity Line SPA, we have agreed to issue 970,874 shares of Common Stock to Ascent as consideration for entering into the Equity Line SPA.

The shares offered for resale under this Prospectus consist of: (1) a total of up to 7,081,781 shares of Common Stock to be issued to Ascent, including (i) shares issuable under the Equity Line SPA, (ii) 970,874 shares of Common Stock to be issued to Ascent as consideration for entering into the Equity Line SPA, and (iii) shares of Common Stock to be issued as dividends to Ascent on outstanding shares of Series C Preferred Stock and Series D Preferred Stock; and (2) 418,219 shares of Common Stock issued as compensation to our financial advisor, Maxim Group LLC.

**USE OF PROCEEDS**

The Selling Stockholders may, or may not, elect to sell shares of our Common Stock covered by this prospectus. To the extent any Selling Stockholder chooses to sell shares of our Common Stock covered by this prospectus, we will not receive any proceeds from any such sales of our Common Stock. See "*<u>Selling Stockholders</u>.*"

**SELLING STOCKHOLDERS**

This prospectus relates to the resale by the Selling Stockholders from time to time of up to 7,500,000 shares of our Common Stock, consisting of (1) a total of up to 7,081,781 shares of Common Stock to be issued to Ascent, including (i) shares issuable under the Equity Line SPA, (ii) 970,874 shares of Common Stock to be issued to Ascent as consideration for entering into the Equity Line SPA, and (iii) shares of Common Stock to be issued as dividends to Ascent on the Series C Preferred Stock and the Series D Preferred Stock; and (2) 418,219 shares of Common Stock issued as compensation to our financial advisor, Maxim Group LLC.

The Selling Stockholders may from time to time offer and sell any or all of the Common Stock set forth below pursuant to this prospectus. When we refer to the "Selling Stockholders" in this prospectus, we mean the persons listed in the table below, and the pledgees, donees, transferees, assignees, successors, designees and others who later come to hold any of the Selling Stockholders' interest in the common stock other than through a public sale.

The following table sets forth, as of February 11, 2026, the names of the Selling Stockholders, the aggregate number of shares of Common Stock held by each Selling Stockholder immediately prior to the sale of the Common Stock in this offering, the number of shares of Common Stock that may be sold by each Selling Stockholder under this prospectus and the number of shares of Common Stock that each Selling Stockholder will beneficially own after this offering, assuming the sale of all shares offered under this Prospectus.

Maxim Partners LLC, a Registered Stockholder in this offering ("***Maxim Partners***"), is an affiliate of Maxim Group LLC, a registered broker-dealer. Maxim Partners acquired its shares offered for resale in the ordinary course of business and, at the time of its purchase of the shares offered for resale, Maxim Partners had no agreements or understandings, directly or indirectly, with any person to distribute the shares. We have no knowledge, based on the information available to us, of any other broker-dealers, or affiliates thereof, who are Selling Stockholders. In addition, we have no knowledge of any agreements or understandings, direct or indirect, between any Selling Stockholder and any other person to distribute any of the shares offered for resale hereunder.

We cannot advise you as to whether the Selling Stockholders will in fact sell any or all of such Common Stock. In addition, the Selling Stockholders may sell, transfer or otherwise dispose of, at any time and from time to time, the Common Stock in transactions exempt from the registration requirements of the Securities Act.

Beneficial ownership is determined in accordance with the rules of the SEC. Under applicable SEC rules, a person is deemed to beneficially own securities which the person has the right to acquire within sixty (60) days through the exercise of options or warrants or conversion of preferred stock or convertible debt. Also under applicable SEC rules, a person is deemed to be the "beneficial owner" of a security with regard to which the person directly or indirectly, has or shares (a) voting power, which includes the power to vote or direct the voting of the security, or (b) investment power, which includes the power to dispose, or direct the disposition, of the security, in each case, irrespective of the person's economic interest in the security. To our knowledge, subject to community property laws where applicable, each person named in the table has sole voting and investment power with respect to the shares of common stock shown as beneficially owned by such Registered Stockholder, except as otherwise indicated in the footnotes to the table.

The Selling Stockholders have had no material relationship with us within the past three (3) years other than as described in the footnotes to the table below or as a result of their acquisition of our shares or other securities.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Selling Holder** | **Number of Shares <br> of Common Stock<br> Beneficially <br> Owned Prior <br> to Offering** | **Number of Shares<br> Registered<br> for Sale** | **Number of Shares <br> of Common <br> Stock Beneficially<br> Owned After<br> Offering** |  |
| Ascent Partners Fund LLC <sup>(1)</sup> | 2294469 | 7081781 | 1951083 | (3) |
| Maxim Partners LLC <sup>(2)</sup> | 418219 | 418219 | 0 |  |

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(1) The Equity Line SPA provides (i) for the sale of up to $300,000,000 worth of Common Stock to Ascent Partners Fund LLC, a Delaware limited liability company ("***Ascent***"), and (ii) 970,874 shares of Common Stock to be issued to Ascent as consideration for entering into the Equity Line SPA. Ascent beneficially owns the shares listed on this table. Each of Mikhail Gurevich and Gennadiy Gurevich manages Dominion Capital Holdings LLC ("***DCH***") and Dominion Capital GP LLC ("***Dominion GP***"), each a Delaware limited liability company, Dominion Capital LLC ("***DC***"), a Connecticut limited liability company, Ascent Partners LLC ("***AP***"), a Delaware limited liability company and Ascent. DCH manages DC, Dominion GP, AP and Ascent. Dominion GP manages DC, AP and Ascent. DC manages AP and Ascent. Alon Brenner manages Masada Group Holdings LLC ("***Masada***"), a Florida limited liability company, AP and Ascent. Masada manages AP and Ascent. AP manages Ascent. Ascent has the power to dispose of and the power to vote the shares beneficially owned by it. Each of Mikhail Gurevich, Gennadiy Gurevich, DCH, Dominion GP, DC, Alon Brenner, Masada and AP may be deemed to beneficially own, and have the power to vote, the shares beneficially owned by Ascent and the other companies they are listed above as managing. However, due to a limitation on conversion specified in the certificate of designation of Series C Preferred Stock and Series D Preferred Stock, Ascent cannot convert shares if such conversion would result in Ascent beneficially owning more than 9.99% of the total outstanding shares of Common Stock following the conversion.

(2) 418,219 shares of Common Stock are owned by Maxim Partners LLC ("***Maxim***"), over which Mr. Cliff Teller has sole voting and investment control. Mr. Teller disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. These were issued pursuant to a services agreement between the Company and Maxim by way of private placement.

(3) For the avoidance of doubt, Ascent beneficially owns 25,976,437 shares of Common Stock which includes (A) 259,068 shares of Common Stock issuable upon conversion of 52,500 shares of Series C Preferred Stock; (B) 300,000 shares of Common Stock issuable upon exercise of warrants issued pursuant to the Series C Preferred Stock offering; (C) 425,467 shares of Common Stock issuable upon conversion of 525,451 shares of Series D Preferred Stock; and (D) 24,991,902 shares of Common Stock issuable upon exercise of warrants issued pursuant to the Series D Preferred Stock offering. However, the Certificate of Designation for the Series C Preferred Stock and Series D Preferred Stock contain a beneficial ownership limitation on conversion of the Series C Preferred Stock and Series D Preferred Stock in excess of 9.99% of the Common Stock. The number of shares of common stock beneficially owned after this offering reflects the 9.99% beneficially ownership limitation.

**DIVIDEND POLICY**

We have never declared or paid dividends on our Common Stock. We currently intend to retain all available funds and any future earnings to fund the development, commercialization and growth of our business, and therefore we do not anticipate declaring or paying any dividends on our Common Stock in the foreseeable future. Any future determination as to the declaration and payment of dividends, if any, will be at the discretion of our board of directors. Any such determination will also depend upon our business prospects, operating results, financial condition, capital requirements, general business conditions and other factors that our board of directors may deem relevant. Our future ability to pay dividends on our Common Stock may also be limited by the terms of any future debt securities or credit facility*.***

**CAPITALIZATION**

The following table sets forth our capitalization as of December 31, 2025.

This table should be read in conjunction with, and is qualified in its entirety by reference to, our financial statements and related notes, and the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" appearing elsewhere in this prospectus. In addition, the following capitalization table presents our capitalization as of December 31, 2025 on (a) an actual basis and (b) a pro forma basis to give effect to our issuance of: (i) 324,176 shares of Series D Convertible Preferred stock for a total net consideration of $2,679,000, after issuance costs; (ii) the conversion of 3,580,499 shares of Non-voting Common Stock to Common Stock (iii) the conversion of 682,770 shares of Series E Preferred Stock to 1,477,857 shares of common stock (iv) the conversion of 277,171 shares of Series C preferred stock to 1,367,742 shares of Common Stock; (v) the conversion of 24,000 shares of Series D preferred stock to 19,433 shares of Common Stock; (vi) the exercise of warrants to purchase 1,045,200 shares of Common Stock for a total net consideration of $3,470,000; (vii) the conversion of 2,263,088 shares of Series B-1 and B-2 Preferred shares to Common Stock; and (viii) the issuance of 603,098 of Common Stock for a total consideration of 2,035,000 in each case as if such transactions had occurred as of December 31, 2025.

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| | | |
|:---|:---|:---|
|  | As of <br> December 31, 2025 | As of <br> December 31, 2025 |
|  | Actual | Proforma |
| *(in thousands, except per share numbers)* |  |  |
| Debt: |  |  |
| &nbsp;&nbsp;&nbsp;Loan | 7212 | 7212 |
| &nbsp;&nbsp;&nbsp;Convertible Revolving Promissory Note (Related Party) | 765 | 765 |
| Total indebtedness | 7977 | 7977 |
| Mezzanine Equity |  |  |
| &nbsp;&nbsp;&nbsp;Series C convertible Preferred Stock | 2746 | 437 |
| &nbsp;&nbsp;&nbsp;Series D convertible Preferred Stock | 1815 | 4298 |
| &nbsp;&nbsp;&nbsp;Series E convertible Preferred Stock | 6828 |  |
| Stockholders' deficit: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stock, $0.0001 par value per share; 148,438,108 shares authorized; 17,494,820 shares issued and outstanding and 15,231,732 shares issued and outstanding (Proforma) | 2 | 2 |
| &nbsp;&nbsp;&nbsp;Common Stock, $0.0001 par value per share; 200,000,000 shares authorized; 10,315,901 shares issued and outstanding and 20,672,818 shares issued and outstanding (Proforma) | 1 | 2 |
| &nbsp;&nbsp;&nbsp;Non-Voting Common Stock, $0.0001 par value per share; 50,000,000 shares authorized; 3,580,499 shares issued and outstanding and 0 shares issued and outstanding (Proforma) | 0 | 0 |
| Additional paid-in capital | 116556 | 131393 |
| Accumulated other comprehensive income | (70) | (70) |
| Accumulated deficit | (139152) | (141187) |
| Total stockholders' deficit | (22663) | (9860) |
| Total Capitalization | (3297) | (2852) |

---

The number of shares of our Common Stock reflected in our actual information set forth in the table above excludes:

● 25,622,961 shares of Common Stock issuable upon exercise of warrants outstanding as of December 31, 2025; and

● 22,012,624 shares of Common Stock reserved for issuance under our Amended and Restated 2017 Equity Plan, as amended from time to time (the "  ***Amended and Restated Equity Plan*** ").

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and related notes and other financial information appearing elsewhere in this prospectus. Some of the information contained in this discussion and analysis or set forth elsewhere in this prospectus, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and* uncertainties*. As a result of many factors, including those factors set forth in the "Risk Factors" section of this prospectus, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.*

**Overview**

We use third party AI tools like ChatGPT internally across the spectrum of our operations. Additionally, we have developed and continue to develop Bond AI capabilities. Bond's AI (which is currently in production) consists largely of proprietary rule-based systems that assist us in identification of potential anomalies for further review by our agents.

Bond's vision is to leverage AI to enable personal security services to be more scalable, effective and ultimately affordable for more people. The Bond Preventative Personal Security Platform is designed with that vision, allowing us to incorporate increasing amounts of AI over time as technology advances. The chart below shows some of the key areas where we have incorporated AI, their current state and future plans:

---

| | | |
|:---|:---|:---|
| **Task** | **AI currently in use by Bond** | **AI in R&D** |
| Anomaly detection | Bond-developed rule-based systems based on past data and expert input | Bond-developed machine learning models trained on past anomaly data |
| Supporting agent decision-making | Third-party AI tools for agent decision support | Implementing a RAG incorporating Bond processes and content with third-party data |
| Automated translation | Third-party AI tools for translation of services and content | Third-party tools for automated live translation of calls |
| Automating quality assurance | Automated test suites for code | Automated assessment of live agent performance |
| AI interviewing, hiring, and training agents | Video interviews and third-party AI assessment to accelerate hiring funnel | Increased use of automation and virtual agents in agent training and onboarding processes |
| Creation of content that facilitates informing end users about the Bond service and platform | Third-party AI tools for generating and optimizing marketing content, including videos and images |  |
| Automating of agent administrative tasks |  | Automated transcription, translation, and summarization of cases |
| Automatically triaging active calls to identify "hot" cases |  | Automated analysis of active calls to flag high-risk cases for supervisor attention |
| Automatically triaging incoming calls in overload situations |  | Virtual agents that gather information about situations and prioritize cases for human agents |
| Facial recognition for "bad actors" |  | Integrating third-party facial recognition technology with Bond's platform |
| Automating and optimizing customer messaging |  | Automated CRM suites that use AI to customize messaging for each customer |
| Automating drone response to reported incidents |  | Patented techniques for autonomous drone navigation and collision avoidance |

---

We offer 14 distinct services through our phone app (the "***Bond App***") and fully automated Bond Command Centers located around the world, that allow Bond members to choose when and how Bond will keep them secure while preserving their privacy.

The Bond Preventative Personal Security Platform is a multilayered, multifaceted technology platform that incorporates numerous technologies, inputs and outputs to other systems, and third-party information. It allows us to perform a large number of multi-functional activities relative to a large number of end-users/members, with a high level of precision, speed and reliability, as well as affordably, in a manner that is automated. The core functionality includes: (1) "look after" a massively scalable number of members/end-users simultaneously; at their or their guardians request, monitor them, collect data from multiple sources – on the phone of the member, from what Bond historically knows about the member; from what Bond knows about the area/location of the member, from what the member has shared with Bond – in order to detect anomalies in real time; (2) communicate with the member in order to verify their status, potentially engage Bond Personal Security Agents in order to calm, guide, deter or orchestrate help for the member; (3) record and analyze all activities in the Bond sphere, which included on the phones of the end-users, in the Command Centers and through our technology.

Corporate Organization

![](org_chart.jpg)

We conduct our operations through six wholly-owned subsidiaries, organized as follows:

● TG- 17 (Israel) Ltd. was incorporated in 2017 and provides R&D services to TG-17, Inc. Since 2023 the subsidiary operates also as Command Center for Israel and global users (members).

● Bond Bodyguard New York, Inc., a New York corporation, was incorporated in 2020 for the sole purpose of obtaining bodyguard licenses in the US. Services are given under TG-17, Inc. Currently, we are licensed in 11 states and submitted application for additional states.

● TG-17 (UK) Ltd. was incorporated in 2023 to provide services to UK citizens and global members.

● TG-17 France, was incorporated in 2024 to provide services to French citizens and global members.

● TG-17 Belgium, a société à responsabilité limitée, was incorporated in 2025 to provide services to Belgium citizens and global members.

● TG-17 (Canada) Inc., a corporation subject to the Business Corporations Act (Ontario), was incorporated in 2025 to provide services to Belgium citizens and global members.

● TG-17 Brazil Ltda., was incorporated in 2025 to provide services to Brazilian citizens and global members.

● TG-17 Mexico., was incorporated in 2025 to provide services to Mexican citizens and global members.

All subsidiaries are 100% controlled/owned by Our Bond, Inc.

**Components of Results of Operations** 

*Net Revenues.*

The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, which provides a five-step framework through which revenue is recognized when control of promised goods or services is transferred to a customer at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. To determine revenue recognition for arrangements that the Company concludes are within the scope of ASC 606, management performs the following five steps: (i) identifies the contract(s) with a customer; (ii) identifies the performance obligations in the contract(s); (iii) determines the transaction price, including whether there are any constraints on variable consideration; (iv) allocates the transaction price to the performance obligations; and (v) recognizes revenue when (or as) the Company satisfies a performance obligation.

The Company provides comprehensive security solutions. The company's flagship offering is a cloud-based Software-as-a-Service ("***SaaS***") that delivers a preventative personal security solution platform. Additionally, the Company offers comprehensive and customized services designed to protect its clients. These services include, but are not limited to, on/off premise guards, assets protection, threat assessment and monitoring and other tailored-made security services. Revenue is recognized either over time or at a point in time, depending on the nature of each customer's agreement. For its subscription-based SaaS solution delivered through the Company's platform, revenue is typically recognized over time as services are made available on an on-going basis. In contrast, for performance obligations of services described above other than the SaaS solution, we generally satisfy our obligations *vis-à-vis* each deliverable as it occurs and is provided to the customer. The customers simultaneously receives and avails the benefits of our services, at which point these performance obligations are deemed to be satisfied.

We group the above services offerings into one broad category which generates all of Company's revenue through, primarily, the following sales:

● B2B (or B2G): selling to private or public institutions who use the services in order to protect their people (employees, students, residents, etc.).

● B2B2C: selling to or through corporations so they can sell/subsidize/gift Bond services to their own consumers.

● DTC: selling directly to consumers.

The Company combines and accounts for multiple contracts as a single contract when they are negotiated together with the same customer at or near the same time in order to achieve a single commercial objective, or when the contracts are related in other ways.

Transaction price may be comprised of fixed consideration and variable consideration. The Company's contracts are typically for fixed consideration.

For all contracts with customers that have more than one performance obligation, the Company allocates the transaction price to each separate performance obligation based on the relative SSP of each performance obligation. The SSP is typically the price at which the Company sells service separately to a customer. The best evidence of an SSP, if available, is the observable price charged in similar circumstances and to similar customers. If an SSP is not directly observable, the Company estimates SSP using various observable inputs including historical internal pricing data and cost-plus expected margin analysis due to the limited standalone sales history.

For the year ended December 31, 2025, the Company demonstrated annual recurring revenue ("ARR") of approximately $10 million and total bookings of $10.6 million. For the year ended December 31, 2024, the Company demonstrated ARR of approximately $9.7 million and total bookings of $10.3 million. The Company's use of ARR as a metric to measure customer demand and growth, and the use of booking values act as an indicator of customer engagement, including new sales and renewals. These figures highlight consistent growth and increasing customer demand.

Total bookings represent the aggregate dollar value of all customer contracts executed during a given period, inclusive of both recurring subscription and service commitments and any associated one-time fees (e.g., implementation, setup or training). Bookings are expressed based on the total committed contract value, regardless of the timing of invoicing or revenue recognition under U.S. GAAP. We calculate ARR using a trailing actuals method to provide a conservative measure of recurring revenue. Specifically, we determine average Monthly Recurring Revenue ("***MRR***") based on actual recurring revenue recognized over the prior 12 months and multiply that amount by 12 to derive ARR. This method smooths short-term fluctuations and reflects actual earned recurring revenue rather than forward-looking projections. ARR excludes one-time fees, usage-based overages, and non-recurring revenues. No adjustments are made for potential future churn, upgrades, or downgrades beyond the actual results in the trailing period.

*Cost of Services Sold.*

Cost of Services sold primarily consists of our Command Center operations and other rendered services that we outsource to third-party for particular security services offering. As a subscription-based business, our model emphasizes scalability so that most costs do not increase linearly with revenue growth.

*Operating Expenses*.

Operating expenses consist of general and administrative expenses, which are primarily salaries, professional fees, and expenses related to the administrative functions of the Company, research and development expenses, which consist primarily of product development costs and salaries, and sales and marketing expenses, which represent advertising and direct marketing costs, as well as the associated personnel costs.

**Results of Operations**

***Comparison of the year ended December 31, 2025 to the year ended December 31, 2024***

*Net Revenues*

The majority of our net revenues for the years ended December 31, 2025 and 2024, were generated from our B2B services. For the year ended December 31, 2025, 15.32% of our revenue was generated from cloud-based SaaS services, while 84.68% came from our physical service offerings. This compares to 14.71% and 85.29%, respectively, for the year ended December 31, 2024.

Total revenue increased by $236, or approximately 2.4% to $9,972 for the year ended December 31, 2025, compared to approximately $9,736 for the year ended December 31, 2024. This increase is due to expansion of our customer base and higher demand for our security services during the year ended December 31, 2025 compared to the same period in 2024.

*Cost of Services Sold.*

Our cost of services sold increased slightly by $380, or approximately 4.21% to $9,406 for the year ended December 31, 2025 compared to $9,027 for the year ended December 31, 2024. This modest change is not considered significant and primarily reflects the Company's continued global expansion and the use of outsourced services to support its growth initiatives.

---

| | | |
|:---|:---|:---|
|  | **Year Ended <br> December 31,** | **Year Ended <br> December 31,** |
|  | **2025** | **2024** |
| Command Center Operations | $2422 | $2103 |
| Security Services | $6984 | $6924 |
|  | $9406 | $9027 |

---

 

*Operating Expenses.*

Our operating expenses for the year ended December 31, 2025 and 2024 were as follows:

---

| | | |
|:---|:---|:---|
|  | **Year Ended <br> December 31,** | **Year Ended <br> December 31,** |
|  | **2025** | **2024** |
| General and Administrative | $5971 | $6162 |
| Research and Development | $2526 | $2713 |
| Sales and Marketing | $1321 | $1417 |
|  | $9818 | $10292 |

---

Our operating expenses for the year ended December 31, 2025, were approximately $9,818 compared to approximately $10,292 for the year ended December 31, 2024, a decrease of approximately $474 or approximately 4.6%.

*Net Profit/Loss*

As a result of the foregoing, the Company suffered a net loss of $10,549 for the year ended December 31, 2025, compared to a net loss of $11,017 for the year ended December 31, 2024, a difference of approximately 4.25%.

 

**Off-Balance Sheet Arrangements**

As of March 31, 2025 we have no off-balance sheet arrangements that are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

**Liquidity and Capital Resources**

 

*Overview*

Since inception, we have funded our operations primarily through proceeds from sales of our capital stock and, to a lesser extent, cash flow generated from operating activities. Based on our current operating plan, we believe that our existing cash and cash equivalents, together with anticipated cash generated from operations, will support our working capital and capital expenditure requirements for the near term.

Our future capital requirements will depend on many factors, including the pace of growth in our customer base, the timing and extent of investments in our platform and services, expansion of our sales and marketing activities, and general economic conditions. To support our operations and growth initiatives, the Company expects to obtain additional capital through equity financing and other financing instruments that have been arranged or are available to the Company.

*Summary of Cash Flows*

 

The following table summarizes our cash flows for the year ended December 31, 2025 and 2024.

---

| | | |
|:---|:---|:---|
| (*in thousands*) | **Year Ended <br> December 31,** | **Year Ended <br> December 31,** |
|  | **2025** | **2024** |
| Net cash (used in) operating activities | $(6922) | $(8157) |
| Net cash (used in) investing activities | (34) | (62) |
| Net cash provided by financing activities | 6943 | 7540 |
| Effect of exchange rate changes on cash | (114) | (32) |
| Cash and cash equivalents at end of period | $599 | $726 |

---

*Operating Activities.*

We continue to experience negative cash flows from operations as we expand our business. Our cash flows from operating activities are significantly affected by our cash investments to support the growth of our business in areas such as product and service development, such as engineering resources needed to maintain and refresh the technology platform, the Command Center operations, and selling, general and administrative. Our operating cash flows are also affected by our working capital needs to support growth and fluctuations in personnel-related expenditures, accounts payable and other current assets and liabilities.

Net cash used in operating activities for the year ended December 31, 2025 was approximately $6,922 which reflects our net loss of $10,549. Net cash used in operating activities for the year ended December 31, 2024 was approximately $8,157 which reflects our net loss of $11,017.

*Investing Activities*

Our investing activities have consisted primarily of the purchases of assets and equipment. We have invested in assets and equipment to support our Command Center growth.

Net cash used in investing activities for the year ended December 31, 2024 was approximately $34 which was entirely attributable to purchases of IT and other Electronic equipment. Net cash used in investing activities for the year ended December 31, 2024 was approximately $62 which was entirely attributable to purchases of IT and other Electronic equipment.

 

*Financing Activities*

In November 2023, the Company completed the initial closing of its Series B Preferred Stock financing. Following the initial closing, the Company completed additional closings in early 2024, issuing 2,050,895 additional shares of Series B-1 Preferred Stock for total consideration of $3,000,000 at a price of $1.462533 per share.

**Issuance of Series CF-1 Preferred Stock**

On June 21, 2024, the Company entered into a listing agreement, under regulation Crowdfunding (also known as Reg CF), whereby the Company agrees to sell securities to eligible investors through the funding portal through special purpose vehicle. The offering was closed on April 30, 2025, and the Company had raised a total of $2,032,000 and issued 957,102 shares of Series CF-1 Preferred Stock with par value of $0.0001 each, at a price per stock of $2.12343. The total fees recorded as of September 30, 2025 were $143.

On September 2024, in parallel to Reg CF and under the same terms, the Company started to offer and sell securities under rule 506(c) of regulation D to accredited investors. The offering was closed on June 17, 2025, we issued an aggregate of 2,411,364 shares of Series CF-1 Preferred Stock for gross proceeds of $5,120,342.

**Issuance of Series F Preferred Stock**

On June 19, 2025, we issued an aggregate of 10,000 shares of Series F Preferred Stock with par value of $0.0001 to Doron Kempel in exchange for his surrender of 3,334 shares of Common Stock.

**Issuance of Series C Preferred Stock**

On June 25, 2025, we issued an aggregate of 329,671 shares of Series C Preferred Stock with par value of $0.0001, together with warrants to purchase 1,333,335 shares of Common Stock, for an aggregate consideration of $3,000,000 to Ascent Partners Fund LLC. The warrants are exercisable at a price of $3.2475 per share, with expiration dates as follows: 333,334 warrants have an expiration date of eight (8) months, 333,334 warrants have an expiration date of sixteen (16) months, and 666,667 warrants have an expiration date of two (2) years from the issuance date.

**Issuance of Series CF-2 Preferred Stock**

On July, 2025, the Company entered into a listing agreement, under regulation Crowdfunding (also known as Reg CF), whereby the Company agreed to sell securities to eligible investors through the funding portal through special purpose vehicle. The offering was closed on September 5, 2025, and the Company had raised a total of $819,000 and issued 212,033 shares of Series CF-2 Preferred Stock with par value of $0.0001 each, at a price per share of $2.12343. The total fees recorded as of September 30, 2025 were $56.

Our net cash provided by financing activities for the year ended December 31, 2025 was approximately $6,943 compared to approximately $7,540 for the year ended December 31, 2024, a decrease of approximately $597 or 8%.

**Issuance of Series D Preferred Stock**

On October 27, 2025, we issued an aggregate of 109,891 shares of Series D Preferred Stock, together with warrants to purchase 25,000,000 shares of Common Stock, for an aggregate consideration of $1,000,000 to Ascent. The warrants are exercisable at a price of $12.35 per share, with expiration dates as follows: 16,000,000 warrants have an expiration date of nine (9) months, 3,000,000 warrants have an expiration date of sixteen (16) months, and 6,000,000 warrants have an expiration date of two (2) years from the issuance date. On December 1, 2025, we issued 32,967 additional shares of Series D Preferred Stock to Ascent for additional consideration of $300,000. On December 12, 2025, we issued 49,451 additional shares of Series D Preferred Stock for additional consideration of $450,000. On December 22, 2025, we issued 32,967 additional shares of Series D Preferred Stock to Ascent for additional consideration of $300,000.

The following table summarizes our financing activities for the year ended December 31, 2025 and 2024.

---

| | | |
|:---|:---|:---|
| (*in thousands*) | **Year Ended <br> December 31,** | **Year Ended <br> December 31,** |
|  | **2025** | **2024** |
| Proceeds from Related Party Loans | $451 | $1195 |
| Payments as part of Related Party Loans | $(1605) | $(910) |
| Issuance of Series B-1 Preferred Stock |  | $3000 |
| Issuance of Series CF Preferred Stock | 2799 | $4352 |
| Issuance of Series CF Preferred Stock fundraising fees | (46) | $(97) |
| Issuance of Series CF-2 Preferred Stock | 819 |  |
| Issuance of Series CF-2 Preferred Stock fundraising fees | (57) |  |
| Issuance of Series C convertible preferred stock | 3000 |  |
| Issuance of Series C convertible preferred stock - issuance costs | (254) |  |
| Issuance of Series D convertible preferred stock | 2050 |  |
| Issuance of Series D convertible preferred stock - issuance costs | (126) |  |
| Cash dividends paid | (88) | - |
|  | $6943 | $7540 |

---

Equity Line Financing Agreement

Also on October 27, 2025, we entered into a Securities Purchase Agreement with Ascent that provides for the sale to Ascent of up to $300,000,000 worth of our common stock (the "***Equity Line SPA***"). Under the terms of the Equity Line SPA, as amended, we will have the right, but not the obligation, to require Ascent to purchase shares of our common stock in one or more tranches subject to the limits and conditions set forth in the agreement. The Equity Line SPA provides for both "Regular Closings" and "Expanded Closings."

For each Regular Closing:

● The total purchase price shall not exceed the lower of (a) $1,000,000 and (b) 100% of the average daily traded value of our common stock over the ten (10) trading days immediately preceding the closing date;

● The purchase price per share shall be equal to 96% of the lowest volume weighted average price ("  ***VWAP***") for our common stock in the ten (10) trading days immediately prior to the closing date (the "  ***Regular Purchase Price*** "); however,

● If 96% of the lowest VWAP for our common stock (the **" *Adjusted Price***") in the ten (10) trading days immediately following the Closing Date (the **" *Adjustment Period* "**) is lower than the Regular Purchase Price, then on the trading day immediately following the end of the Adjustment Period, we will be required to issue additional shares of common stock so that the total purchase price per share for the Regular Closing will be equal to the Adjusted Price.

For each Expanded Closing:

● The total purchase price may be up to a maximum of $5,000,000; and

● The purchase price per share shall be equal to the lower of (x) the average of the daily VWAP on the trading day immediately preceding the closing date and the daily VWAP on such Expanded Closing Date and (y) 96% of the lowest VWAP for all trading days in the period beginning immediately following the closing date and ending on the earlier of (i) ten (10) trading days after and (ii) the date when the purchaser shall have entered into committed, binding trades to sell all of the shares purchased at the Expanded Closing.

All share purchases under the Equity Line SPA are subject to a Floor Price equal to 20% of the opening reference price for our common stock at the initial opening of trading following our approval for a direct listing on Nasdaq.

The effective date of the Equity Line SPA will be the effective date of this registration statement. The agreement has a term of three years. Subsequent to the effective date, as additional consideration to Ascent, we are required to issue 970,874 shares of Common Stock. All Regular Closings and Expanded Closings under the Equity Line SPA will be subject to numerous conditions, including, but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;(i) A
 registration statement covering Ascent's resale of the shares to be sold at each closing must be filed and effective;

(ii) Our
 common stock must be listed for trading and trading must not be suspended;

(iii) We
 must be current in all required filings with the SEC;

(iv) We
 must not have consummated a change of control or other Fundamental Transaction (as defined in the agreement);

(v) We
 must not be in default under any agreement with Ascent or in default under any indebtedness in excess of a cumulative total of amount
 of $150,000.

Each closing under the Equity Line SPA will be limited such that, immediately after giving effect to the issuance of the shares of Common Stock for the closing, Ascent may not beneficially own in excess of 9.99% of the number of shares of Common Stock outstanding.

The Equity Line SPA, which is filed as <u>Exhibit 10.14</u> to this Registration Statement, contains additional terms, conditions, and covenants and should be reviewed in its entirety for additional information.

**Financing Activities Subsequent to December 31, 2025**

Series D Preferred Stock Issuances

Subsequent to December 31, 2025, we issued a total of 324,176 shares of Series D Convertible Preferred stock for a total net consideration of $2,950,000, after issuance costs. As of the date of this prospectus, Ascent has converted a total of 24,000 shares of Series D Preferred Stock to a total of 19,434 shares of common stock. As of the date of this Prospectus, 525,451 shares of Series D Preferred Stock remain issued and outstanding. For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series D Preferred Stock</u>*."

Conversion of Series E Preferred Stock

On February 5, 2026, all 682,770 outstanding shares of our Series E Preferred Stock were converted to a total of 1,477,857 shares of common stock.

Conversions of Series C Preferred Stock

As of the date of this prospectus, Ascent has converted a total of 277,171 shares of Series C Preferred Stock to a total of 1,367,742 shares of common stock. As of the date of this Prospectus, 52,500 shares of Series C Preferred Stock remain issued and outstanding.

Warrant Exercises; Warrant Re-pricing

Subsequent to December 31, 2025, warrants to purchase a total of 1,033,335 shares of common stock at a price of $3.2475 per share were exercised for total proceeds of $3,355,755.41. As of the date of this prospectus, warrants to purchase 300,000 shares of our common stock at $3.2475 per share remain outstanding. Also subsequent to December 31, 2025, warrants to purchase 8,098 shares of our common stock at $12.35 per shares were exercised for proceeds of $100,010.30.

On March 1, 2026, we entered into Amendment No. 1 (the "Amendment") to one of our warrants originally issued on October 27, 2025 (the "Warrant"). The Warrant provides for the purchase of up to 16,000,000 shares of the Company's common stock at an exercise price of $12.35 per share and expires on July 27, 2026. Pursuant to the Amendment, the exercise price for 12,000,000 shares underlying the Warrant was temporarily reduced as follows: (i) $2.25 per share for 4,500,000 shares for a period of 60 days; (ii) $2.75 per share for 3,750,000 shares for a period of 60 days; and (iii) $3.25 per share for 3,750,000 shares for a period of 75 days. Upon expiration of the reduced exercise price periods, the exercise price for the applicable warrants will revert to the original exercise price of $12.35 per share. All other terms and conditions of the Warrant remain unchanged.

Promissory Note

On March 1, 2026, we issued a Promissory Note in the principal amount of $2,500,000 (the "Note"). The Note bears interest at a rate of 10% per annum and matures on September 1, 2026. We are required to apply 25% of the net proceeds from any future offerings or issuances of our securities toward repayment of the Note until it is paid in full. In the event of default, the Note will bear interest at a rate of 24% per annum, and any late payments will be subject to a late fee equal to 10% of the overdue amount.

**Contractual Obligations and Commitments**

In addition to ongoing capital expenditures and working capital needs to fund operations over the next twelve (12) months, our contractual obligations to make future payments primarily relate to our operating lease obligations and insurance obligations, all of which are governed by agreements with month-to-month terms, and which are generally terminable after a notice period at any time. We purchase equipment, software and inventory necessary to conduct our operations on an as-needed basis.

**Critical Accounting Estimates**

Below is a discussion of the accounting policies that management believes are critical. We consider these policies critical because they involve significant judgments and assumptions and require estimates about matters that are inherently uncertain and because they are important for understanding and evaluating our reported financial results. Our accounting policies have been established to conform with generally accepted accounting principles in the United States of America ("***U.S. GAAP***").]

*Emerging Growth Company Status*

We are an "emerging growth company," as defined in the JOBS Act. Under Section 107 of the JOBS Act, emerging growth companies are permitted to use an extended transition period provided in Section 7(a)(2)(B) of the Securities Act, for complying with new or revised accounting standards that have different effective dates for public and private companies. We have elected to use the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that we (i) are no longer an emerging growth company, or (ii) affirmatively and irrevocably opt out of the extended transition period provided in Section 7(a)(2)(B). By electing to extend the transition period for complying with new or revised accounting standards, our financial statements may not be comparable to the financial statements of companies that comply with public company effective dates.

**Cash and Cash Equivalents**

Cash equivalents include short-term highly liquid investments that are readily convertible to cash when originally purchased with maturities of three months or less.

**Fair Value of Financial Instruments**

The carrying value of cash and cash equivalents, restricted cash and short-term deposit, other accounts receivable, trade payables, other accounts payable and accrued expenses approximate their fair values due to the short-term maturities of such instruments. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC 820, "Fair Value Measurements and Disclosures" establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

● Level 1 inputs are quoted prices in active markets for identical assets and liabilities;

● Level 2 inputs, inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or

● Level 3 unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

**Accounts Receivable**

We have trade receivables which are recorded at the invoiced amount and do not bear interest. We evaluate the collectability of accounts receivable on a regular basis based on economic assessment of market conditions and review of customer financial history.

**Property and Equipment, Net**

Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for major additions and improvements to property and equipment are capitalized and repairs and maintenance costs are expensed as incurred. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss are included in loss from operations in the period of disposal.

Property and equipment are depreciated using the straight-line method over the estimated useful lives of the property and equipment:

**Leases**

We determine if an arrangement is or contains a lease at inception. Operating leases with lease terms of more than 12 months are included in operating lease assets, accrued and other current liabilities, and long-term operating lease liabilities on our consolidated balance sheet. Operating lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments over the lease term.

Operating lease assets and liabilities are recognized based on the present value of the remaining lease payments discounted using our incremental borrowing rate. Operating lease assets also include initial direct costs incurred and prepaid lease payments, minus any lease incentives. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense is recognized on a straight-line basis over the lease term.

**Impairment of Long-Lived Assets**

The Company assesses the recoverability of its long-lived assets, including property and equipment and right-of-use assets, for indicators of impairment. If events or changes in circumstances indicate impairment, the Company measures recoverability by a comparison of the asset's carrying amount to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. When quoted market prices are not available, the Company uses the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset as an estimate of fair value.

**Research and Development Costs**

Research and development costs are expensed in the period incurred. Research and development expenses primarily consist of costs incurred in performing research and development activities and include salaries, stock-based compensation, employee benefits, system qualification and testing incurred before releasing new system designs into production, depreciation and amortization, professional services fees, and facilities expenses.

**Severance Pay**

All the Israeli Company's employees elected to be included under Section 14 of the Israeli Severance Compensation Act, 1963 ("***Section 14***"). According to Section 14, these employees are entitled only to monthly deposits, at a rate of 8.33% of their monthly salary, made in their name with insurance companies. Payments in accordance with Section 14 release the Company from any future severance payments (under the above Israeli Severance Compensation Law) in respect of those employees. These deposits are not recorded as an asset in the Company's balance sheet.

**Income Taxes**

We apply the provisions set forth in FASB ASC Topic 740, Income Taxes, to account for the uncertainty in income taxes. In the preparation of income tax returns in federal and state jurisdictions, we assert certain tax positions based on its understanding and interpretation of income tax laws. The taxing authorities may challenge these positions, and the resolution of the matters could result in recognition of income tax expense in our consolidated financial statements. Management believes it has used reasonable judgments and conclusions in the preparation of its income tax returns.

The Company uses the "more likely than not" criterion for recognizing the income tax benefit of uncertain income tax positions and to establish measurement criteria for income tax benefits. The Company has evaluated the impact of its tax positions and believes its income tax filing positions and deductions will be sustained upon examination.

**Stock-Based Compensation**

We adopted the fair value recognition provisions of Accounting Standards Codification No. 718, "Share-Based Payment" ("***ASC 718***"). ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in the Company's consolidated statement of operations.

We estimate the fair value of stock options granted using the Black-Scholes options pricing model. The option-pricing model requires a number of assumptions, of which the most significant are expected stock price volatility and the expected option term. For employees, the expected term is calculated using the plain vanilla formula as there is not sufficient historical information to provide a clear basis for a different calculation. Expected volatility was calculated based on similar publicly traded companies which operate in the same industry.

The risk-free interest rate is based on the yield from U.S. treasury zero-coupon bonds with an equivalent term.

**Net Income per Share**

Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method. Any anti-dilutive effect of equity awards outstanding is not included in the computation of diluted net income per share.

**Foreign Currency Translation and Transaction Gains and Losses**

The functional currency of our wholly owned subsidiaries in Isreal, U.K. and France are the New Israeli Shekel, Pound Sterling and Euro, respectively. Accordingly, asset and liability accounts of the subsidiaries are translated into U.S. dollars using the current exchange rate in effect at the balance sheet date and equity accounts are translated into U.S. dollars using historical rates. The revenues and expenses are translated using the average exchange rates in effect during the period, and gains and losses from foreign currency translation adjustments are included as a component of accumulated other comprehensive income in the consolidated balance sheet.

**Comprehensive Loss**

We are required to report all components of comprehensive loss, including net loss, in the financial statements in the period in which they are recognized. Comprehensive gain or loss is defined as a change in equity of a business enterprise during a period, resulting from transactions and other events and circumstances from non-owner sources. Our currency translation adjustment is the components of other comprehensive income (loss) that is excluded from the reported net income (loss) for all periods presented.

**The JOBS Act**

We are an "emerging growth company," as defined in the Jump Start Our Business Startups Act of 2012 ("***JOBS Act***"). As an emerging growth company, we are eligible to take advantage of certain exemptions from various reporting and disclosure requirements that are applicable to public companies that are not emerging growth companies, and we intend to take advantage of those exemptions. For so long as we remain an emerging growth company, we will not be required to:

● have an auditor attestation report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;

● submit certain executive compensation matters to stockholder advisory votes pursuant to the "say on frequency" and "say on pay" provisions (requiring a non-binding stockholder vote to approve compensation of certain executive officers) and the "say on golden parachute" provisions (requiring a non-binding stockholder vote to approve golden parachute arrangements for certain executive officers in connection with mergers and certain other business combinations) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; or

● disclose certain executive compensation related items, such as the correlation between executive compensation and performance and comparisons of the chief executive officer's compensation to median employee compensation.

In addition, the JOBS Act provides that an emerging growth company may take advantage of an extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies. This means that an emerging growth company can delay adopting certain accounting standards until such standards are otherwise applicable to private companies. We intend to take advantage of the extended transition period. Since we will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, our financial statements may not be comparable to the financial statements of companies that comply with public company effective dates. If we were to subsequently elect to comply with these public company effective dates, such election would be irrevocable pursuant to Section 107 of the JOBS Act.

We will remain an emerging growth company for up to five years, or until the earliest of: (i) the last date of the fiscal year during which we had total annual gross revenues of $1.07 billion or more; (ii) the date on which we have, during the previous three-year period, issued more than $1.07 billion in non-convertible debt; or (iii) the date on which we are deemed to be a "large accelerated filer" as defined under Rule 12b-2 under the Exchange Act.

We do not believe that being an emerging growth company will have a significant impact on our business. Also, even once we are no longer an emerging growth company, we still may not be subject to auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act unless we meet the definition of a large accelerated filer or an accelerated filer under Section 12b-2 of the Exchange Act.

**BUSINESS**

**Overview**

The Bond Preventative Personal Security Platform is a multilayered, multifaceted technology platform that incorporates numerous technologies, inputs and outputs to other systems, and third-party information. It allows us to perform a large number of multi-functional activities relative to a large number of end-users/members, with a high level of precision, speed and reliability, as well as affordably, in a manner that is automated. The core functionality includes: (1) "look after" a massively scalable number of members/end-users simultaneously; at their or their guardians request, monitor them, collect data from multiple sources – on the phone of the member, from what Bond historically knows about the member; from what Bond knows about the area/location of the member, from what the member has shared with Bond – in order to detect anomalies in real time; (2) communicate with the member in order to verify their status, potentially engage Bond Personal Security Agents in order to calm, guide, deter or orchestrate help for the member; (3) record and analyze all activities in the Bond sphere, which included on the phones of the end-users, in the Command Centers and through our technology.

In 2017, Doron Kempel founded Bond and engaged an engineering and product team to begin developing Bond's technology platform. By early 2019, we had raised approximately $42 million under Regulation D of the Securities Act. With these funds we quickly completed creating our technology platform and established fully automated command centers where our personal security agents can provide 24/7 support to our members (the "***Bond Command Centers***") in the United States. We also established a comprehensive training and development program for our personal security agents ("***Personal Security Agents***") and prepared the marketing and sales channels to sell our products to corporations (B2B) and to direct to consumers (DTC). By 2020, we had executed a full year of service operations on behalf of thousands of end-users (members).

During the COVID outbreak and the associated lockdowns, we scaled down our operations and focused on maintaining Bond Command Center operations to service our few thousand members who were onboarded in 2019. During the pandemic, our founder, Mr. Kempel, and a group of dedicated investors provided funding for the business as needed, and we were able to continue developing and improving our Bond Preventative Personal Security Platform. As of the date of this prospectus, we have over a few thousand DTC end-users (members), and over 40 B2B customers who have chosen Bond as a solution for their employees. Based on our current B2B customer base, we believe that Bond is well positioned to becoming the standard of personal security the corporations will provide for their employees.

Our versatile Bond Preventative Personal Security Platform makes it possible – effectively, affordably and privately – to enhance the personal security and peace of mind of all people by combining:

● Threat and anomaly detection integrating multiple signals and patterns that are monitored in real time.

● Location accuracy.

● Automation of multifaceted mission-critical response protocols well beyond what human response time and precision allow.

● Rapid activation, guidance, and quality controls of human response by Bond Personal Security Agents in Bond Command Centers, as well as first responders and other forces in the vicinity of the event.

● Integrated versatile communication modalities and redundancies among all parties involved in real time: member, Bond, first responders, and other public and private sector resources in the area. For example, military forces in some parts of the world, private sector patrol or similar resources, transportation, roadside assistance and even telemedicine.

● Personal Security Agents who are on various levels of alert, and who are able to fill anticipated or emerging coverage needs or gaps. This is an economical way to deliver high quality in seconds, without suffering high fixed costs and the low utilization rates that old fashioned call centers suffer from. Clearly, data analytics and Al are at the heart of this innovation. However, this also involves innovative employment schemes.

● Innovative data privacy and data security technologies and processes.

Metaphorically, Bond democratizes personal security by offering a 24/7 "bodyguard for the rest of us" services. While 911/police handles emergencies and offers "zone defense", Bond offers preventative, pre-911/emergency security 1x1 "man defense".

At the time of publishing this prospectus, Bond has handled over 1.28 million security service requests, including upwards of 10,000 emergencies and lifesaving situations. We believe that our services work as advertised, increase personal security, save lives and enhance peace of mind. Customer satisfaction is high among corporate decision makers and members. Our business model creates favorable economics with a low cost of sales and high profit margin. Our known competitors (although not direct competitors as they do not address the personal security gap of preventative security) consist of entities that offer panic button solutions to corporate employees such as Noonlight, Silent Beacon, Centeix Crisis Alert, ROAR FOR Good and Motorola Solutions Panic Button. Due to our services and business model, Bond is currently in hyper-growth mode, growing as fast as we invest in marketing and sales resources to create market awareness.

**Our Mission**

Everyone has experienced a time when they or someone they love were in a situation that made them feel uncomfortable, unsafe or even scared. One of the most common examples of this is walking alone at night - according to a Gallup poll, 40% of Americans - that's approximately 140 million Americans - say that they do not feel safe when they walk alone at night. If each one of them feels this way once per week, that equates to 7.28 billion cases whereby Americans – we or our loved ones - feel unsafe. Even though people often feel unsafe, it can be too early to dial 911; but by the time it becomes dangerous for them, they will frequently not be able to complete a 911 call nor activate a panic button. This is a personal security and peace of mind gap that troubles billions of people globally: they are in situations that cause them fear, but don't justify a 911 call. A painful minority of those situations will result in traumatic or terminal outcomes whereby the individual is unable to complete a 911 call.

Bond was created with the goal of enhancing personal security and peace of mind for all. Our vision is to become a globally recognized leader in the field of personal security and peace of mind serving millions of individual members globally. In all these pre-911 situations, what humans instinctively want is somebody professional to look after them. Yet, no company that we are aware of offers such pre-emergency 911 preventative security service. Further, United States regulators estimate as many as 10,000 lives could be saved each year if the 911 emergency dispatching system were able to get to callers one minute faster. Better technology would be especially helpful, regulators say, when a caller cannot speak or identify his or her location.

**Our Solution**

Our solution to this pre-911 problem was to establish a novel paradigm and create a new tier of preventative pre-emergency personal security: Unlike traditional apps, the Bond Preventative Personal Security Platform allows Bond to look after its members preventatively before an emergency, detect a threat and intervene preemptively, thus enhancing the likelihood of positive outcomes.

Based on our versatile AI program, our Bond Preventative Personal Security Platform allows members to use their smartphones to select from 14 service, eight of which are preventative in nature.

Once a member activates one of the services, we are able to look after them remotely using video, chat and certain sensory technology and/or Personal Security Agents. Our preventative services include video monitoring, monitoring your route, scheduling security checks for you and your loved ones, putting security agents on standby and emergency response coordination, giving you multiple layers of security and peace of mind in 28 countries and growing. Our members can also contact live, trained Personal Security Agents 24/7 via chat, phone, or video, which gives them a sense that they are not alone - effectively acting as a personal security companion. Our Personal Security Agents respond in seconds and can detect anomalies and risks, de-escalate situations, offer guidance, deter unwanted company or perpetrators using video, and coordinate help with first responders and other security and non-security resources of the public or private sector.

Bond is advised by the foremost security experts globally, including former heads of United States Secret Service, the Federal Bureau of Investigation, major metropolitan police chiefs around the world, and heads of military special operations units. They continue to help us identify the trends and missing links within personal security and define our solution to meet it. Our cloud-based AI program also allows our B2B customers and DTC members to scale their services geographically over multiple locations.

 ****

***Our Bond Preventative Personal Security Platform Products and Services***

&nbsp;&nbsp;&nbsp;&nbsp;1. *The Bond – Personal Security Smartphone Application* 

The Bond - Personal Security application (the Bond App), uses our Bond Preventative Personal Security Platform to combine cutting-edge technologies and Personal Security Agents to provide preventative and other services to our members.

![](bond_app-1.jpg)

![](bond_app-2.jpg)

The Bond- Personal Security application was designed to be intuitive to understand and use, and to offer our members the freedom to choose how and when they wish to be looked after by Bond.

The end-user journey allows them to get oriented regarding the unique properties of the platform, starting with a video that they must watch <u>https://vimeo.com/1033573414/f710ed7ca8?share=copy</u>, then the journey through the app orientation allows for short videos for each service that explain the why, when and how to activate each service. Practice Mode allows the end-user to get comfortable with the service, and Bond's Bond For Safety program implies that we'll reach out to them and encourage them to use the service.

Set forth in the table below is a summary of the existing services Bond provides through our Bond – Personal Security application, their key features and the current target markets that they serve.

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| | |
|:---|:---|
| Video Monitor Me | Ability for a member to connect to a Personal Security Agent on video call, who can calm the member, guide the process, deter and/or orchestrate help. |
| Track Me On The Go | Ability for Bond to track a member in transit and detect anomalies that pertain to route, speed, and other patterns. |
| Ready An Agent | An ability for the member to rest their fingers on the Bond app screen and have a Personal Security Agent look after them from a Command Center. Upon release of the screen Bond doesn't just connect the end-user to the near 911 center. Rather, a Personal Security Agent will enter the screen of the member's phone via Video in order to check on the member and potentially deter or orchestrate help. |
| Run a Security Check on me | Schedule a Security Check at a time of the member's choosing. |
| Chat | Ability to use a Chat function to dialog with a Personal Security Agent and technologically/operationally deep set of services to look after the member and detect anomalies |
| Audio call | Ability for a member to connect to a Personal Security Agent on an audio call, who can calm the member, guide the process, deter and/or orchestrate help. |
| Video call | Ability for the member to reach out and communicate with a Personal Security Agent via video call, who can calm the member, guide the process, deter and/or orchestrate help |
| Activate Siren | This feature allows the member to activate a sharp sound of a siren through their phone, coupled with flashing lights. This is intended to draw attention to the member and potentially deter a potential assailant who will assume that bystanders are now watching. The Bond Command Center will get notification regarding the activation of the siren and will reach out to the member via video. |

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| | |
|:---|:---|
| Activate the SOS | This acts as a panic button and connects the member to the local emergency (911 in the US) center. This will also notify the Bond Command Center and an agent will look into the situation and try to help. |
| Location Services | This allows the member to establish a group (for example, including family members) and set alerts that inform the member when others in the group arrive/depart chosen locations. With the member's permission, others in the group can also see where s/he is. |
| Bodyguard | This service allows members to reserve a bodyguard. They reach out to the Bond Command Center vis this button and need to explain the circumstances under which they want to use the bodyguard. Bond qualifies that the user and the context comply with Bond protocols and will reserve a bodyguard for the member |
| Send Car | The member pushes the button and a Bond agent will respond via video and arrange transportation (a taxi, Uber or similar) for the member. The Bond agent will continue to monitor the member until s/he arrives at the destination |
| Roadside assistance | Bond will arrange roadside assistance for the member and continue to monitor the situation until the member is safe at their destination |
| Telemedicine | The Bond agent will organize a connection between the member and a doctor of a Bond partner. Once the connection is made, the Bond agent will get off the line in order to ensure privacy for the member. |

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&nbsp;&nbsp;&nbsp;&nbsp;*2.* *The Bond Command Center* 

Bond developed the Bond Command Center technology to work in conjunction with the Bond – Personal Security application on members' phones. This allows the Bond Command Center and the Personal Security Agents in the Command Centers to look after any member how and when they wish to be looked after.

Whenever a Bond member wishes to be looked after, they indicate such desire by activating a service among the 14 services on the Bond – Personal Security application. The application will then monitor various dimensions of the current surroundings of the member via the phone: location, motion, route, pace, sound, imagery, manner in which the phone is held by the member, battery, connectivity and other inputs. These "sensors" present a situation to the Command Center and can pattern recognize anomalous indicators. Depending on the service requested, the Command Center can check on the member in various ways through technology or Personal Security Agents, including by way of an audio or video call or chat message.

Some of the capabilities are realized without a need for Personal Security Agent to engage. For example, Ready An Agent, Track Me On The Go and Security Check are all services that allow Command Center technology and the Bond-Personal Security application technology to fulfill the service requests and only activate Personal Security Agents if there is a perceived risk.

The Command Centers allow the Personal Security Agents to quickly and effectively connect to local first responders who are then coordinated and briefed by Bond about the member's situation in order to elevate the likelihood of positive outcomes. Local first responders are typically pre-briefed about us and our services by Bond's advisors in the countries and states in which Bond is active.

Personal Security Agents, first responders, third parties and our members can all collaborate effectively and efficiently with the orchestration of the Command Center. For example, a few Personal Security Agents can work together on a member's situation: the primary Personal Security Agent will be on a call with the member instructing them; secondary Personal Security Agents may be coordinating first responders, military, transportation, medical assistance, may add translators to the "group session", may speak with the family of the member and more. Typically, a Bond shift supervisor or manager will help orchestrate complex cases. When required, information is passed efficiently from the Command Center to any of the field resources who are aiding the member.

The Command Center can connect to the right first responder 911 PSAP (Public Service Answering Point) in the vicinity of the Bond member, in the United States and in 28 countries in which we currently offer our Bond Preventative Personal Security Platform services.

All activities and cases are fully recorded (both audio and video) including, the sensory data collected on the member's phone, all actions in the Command Center (all Personal Security Agents are under video monitoring and recording through their shifts). The information is available to first responders in real time and to a court of law.

Both the Bond – Personal Security application and the Command Centers rely on the cloud-based Bond Preventative Personal Security Platform for operation. All data is stored and most processing that does not occur on the phone application is handled by our cloud-based platform.

The Bond technology platform is realized through the Bond App, in the Command Centers and in a cloud storage service offered by Amazon. All of our technologies and the data reside in our Amazon cloud storage. These technologies "drive" the operations in the Command Centers and on the Bond App.

&nbsp;&nbsp;&nbsp;&nbsp;*3.* *The Bond Personal Security Agents* 

An important aspect of the Bond Preventative Personal Security Platform is the Personal Security Agent. We recruit and train all of our Personal Security Agents, each of which has undergone a rigorous background check. Each Personal Security Agent is trained on local 911 protocols as well as on all our services and internal protocols.

Our Personal Security Agents are trained to interact with our AI-based technology which handles most of the detection of anomalies, guides the Personal Security Agents' workflows that apply to each situation and member, facilitates communication between the Personal Security Agents, first responders and others. This automation of function and interaction with technologies facilitates our Personal Security Agents' precision and speed of action.

Much of Bond's innovation is associated with the efficiencies of recruiting, training, staffing and quality control measures of all Command Center and Personal Security Agent activities. We apply sophisticated data analytics in order to determine how many Personal Security Agents to staff during each shift in order to ensure that our Personal Security Agents' response time is in seconds. Personal Security Agent staffing is organized such that members are most likely to connect with local Personal Security Agents. Personal Security Agents can appear on the screen of the members via video, observe the situation, guide and even deter would-be aggressors. This is based upon a growing body of evidence regarding the fact that perpetrators almost categorically wish to avoid witness and cameras and that security cameras reduce crime rates.

Bond is continuously developing additional technologies and capabilities that enhance security, enhance the ability to efficiently sell and onboard members, as well as capabilities that enhance the efficiency of the Bond operations. Such technologies and capabilities reside mainly on the Bond app, in the Bond Command Center software and on the cloud. In parallel to the services that are offered to end-users via the Bond app, Bond is developing its physical world services that include a Drone First Responder (DFR) solution (meant to assist Bond members by dispatching a Bond drone to their location); security guards as well as bodyguards. The long-term vision is that all such services will eventually be automated and "robotic", orchestrated via the Bond Command Center. Bond's relationship with its customers often allows it to offer multiple solutions and services.

***Other Services***

While Bond's Preventative Personal Security Platform is the core of Bond's services, Bond's growth includes these three synergistic services that have incremental potential.

&nbsp;&nbsp;&nbsp;&nbsp;*1.* *Air Guardian First Responder Drone Service* 

Bond has developed an innovative service that is intended to expedite a response to our members. Our specialty drone (with megaphone, spotlight, night/day camera, parachute and redundant telecommunications capabilities) is operated by Bond personnel and can be activated to reach a location where a member requires assistance. Bond can activate the drone on behalf of its members (to look after them, to deter unwanted company and to help point arriving first responders to the exact location of the individual in need). Another mode of operation is to operate the drone on behalf of local first responders. The service has already been operational for two years in Coral Gables, FL.

&nbsp;&nbsp;&nbsp;&nbsp;*2.* *Executive Protection & Guarding* 

Bond is addressing a perceived quality gap in the personal security market whereby guarding services lack adequate quality controls. We strive to balance decorum and diligence by utilizing our technologies and Command Centers in order to monitor security guards 24/7. Bond handles Executive Protection (bodyguards) and security guard requirements for both corporations and some of the most affluent families in the United States.

&nbsp;&nbsp;&nbsp;&nbsp;*3.* *Bond Consulting & Special Services* 

Our consulting services are offered to corporations, families and individuals. We leverage our in-house know-how and network of top-performing solution partners in order to orchestrate the assessment, design, deployment and day-to-day management of various security solutions and projects: threat detection, alarm systems, investigations, Executive Protection both abroad and in the United States, guarding, security assessments and training of personnel.

**Our Business Model**

Bond offers a subscription-based service. Members can pay for the service monthly but primarily choose to pay annually. Our Preventative Personal Security services operate on a cloud services delivery model.

We currently sell Bond services to corporations for their employees as an annual subscription. We also partner with consumer brands with the intention of having such corporations gift, sell or subsidize the Bond service on behalf of its customers. Our DTC sales are primarily accomplished by subscriptions through the Bond – Personal Security application available through the Apple and Google Play app stores.

**Our Market**

The personal security market is set to explode, reaching $338.23 billion by 2030 according to an Allied Market Research report. People increasingly seek proactive solutions to stay safe, creating an opportunity for Bond's approach to personal security.

Hypothetically, any adult with a smartphone can become a Bond member by subscribing to the Bond Preventative Personal Security Platform services through the Bond App. According to Backlinko, there are 7.34 billion smartphone users worldwide, which is 91% of the global population. While it is technically possible for Bond to service such a larger market in terms of the technological scalability and human resources (mainly Personal Security Agent) over the course of the next 20 years, it is likely not practical that all these phone users will be interested in using Bond and/or that there will not be competitors that address some of that market. The degree of relevance that Bond services offer each individual also differs, since risks are not evenly distributed across genders, age groups, locations, professions, marital status and family dynamics. Further, people differ in terms of their perception of risk and their interest in having a service such as Bond.

We are currently focused on engaging B2B and business to government (B2G) through corporations, universities, municipalities, government agencies and states as these institutions have access to most households around the world. Our engagement with consumer brands can also reach this audience, especially, if insurance companies decide that Bond reduces their risk and financial exposure, they can create incentives or obligations for their clients (consumers and corporations) to use Bond or Bond-like services. Our DTC route to market allows Bond to reach out to consumers via multiple marketing channels.

In summary, Bond is addressing a very large market that can be addressed via multipole Go-to-Market routes. If Bond is able to grow organically, generate high positive cashflow stream and raise capital at a favorable valuation, we believe that it can grow and within 10 years potentially get to 100 million end users, who – at a hypothetically low $50/user/year, implies $5 billion in annual revenues.

**Our Competition**

We believe that Bond is the first and only company offering pre-emergency, preventative 24/7 personal security and peace of mind service that's effective, affordable and preserves privacy. As of the date of this prospectus, we are not aware of any company that offers all primary capabilities that Bond offers:

● Pre-emergency/911 service and concept of operation- in other words, a service that by design allows you to be looked after before a situation is an emergency.

● A set of services that allows the member to choose how to be looked after in various situations.

● The technological depth of the services, which allows for massive scalability (in most services the technology and not the Personal Security Agents do the "monitoring" and detection, before activating the Personal Security Agents.

● Importantly, the Command Center and the Personal Security Agents who act as "Personal Security Companions" use Bond technologies and innovative operational approach to connect any Bond member to a Personal Security Agent in seconds, and allow the Personal Security Agents to handle difficult situations and emergencies, including orchestration of first responders and other security forces and third parties in the area.

There are numerous companies that offer some variation of a panic button. A panic button is meant to be activated only in an emergency and assumes that the end-user will actually be able to activate the panic button if an emergency occurs. At that point, the operating center of the panic button vendor typically simply notifies the local first responders. Typically, they have no situational awareness regarding what is going on with the end-user since they are rarely on video or audio. We believe that they have no ability to deter since they are not on video with the end-user. Typically these services are not staffed with ample number of security professionals to be able to address all pre-911/emergency "look after me" situations since they are not staffed accordingly and are not conceptually oriented/designed for the very much larger volume of not-yet-emergencies that Bond is designed to handle. Unlike these services, we offer pre-emergency/911 services is based on a collection of capabilities that are inseparable: (1) the orientation and the promise to the end-users that they are allowed and encouraged to use the service in such pre-emergency situations (this is a promise/invitation that emergency 911-like service are making); (2) it requires technologies that can "look after people" in such situations of pre-emergency concerns, which is much more frequent that actual emergencies.

Bond invested more than 350 engineering years in designing, developing and testing the Bond Preventative Personal Security Platform that includes the Bond Personal Security application, the corresponding Bond Command Center and our technologies that reside in our Cloud storage. This equates to approximately $70 million in investment for the creation and testing our services.

While a competitor that wishes to emulate Bond would simply have to copy some of the visible aspects of the AI-based platform, much more work would be required to properly design a platform that it is scalable, reliable, and efficient with regard to the operation of the Personal Security Agents, including the reasonable level of the cognitive burden on them due to leveraging automation and sophisticated workflows that were developed by security experts that guide the handling of various situations. Then, a would-be competitor will need to properly test the overall platform in order to ensure that the overall operation is reliable and effective, since handling the security of people sets a high bar in terms of responsibility of the service provider.

That all said, Bond believes that companies like Amazon, that possess competencies around developing novel technologies and competencies to operate a large workforce in the physical world (drivers, distribution centers, etc.) can develop and operate a platform like Bond. This statement, however, is likely true about any technology or service that a company with the resources and competencies of Amazon decides to pursue.

**Our Customer Base**

As of the date of this prospectus, Bond's B2B customers include 2 of the 3 largest corporations in the world (one (1) of the top three (3) largest smartphone vendors in the world, and one (1) of the three (3) largest corporations in the world); and about 10 additional corporations that generate greater than $20 billion in annual revenues. The following are some of our principal customers and the revenue generated by each:

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| | | |
|:---|:---|:---|
| **Customer** | **Revenue**<br> **generated in**<br> **2024 ($)** | **Revenue**<br> **generated in**<br> **2025 ($)** |
| Customer A: One (1) of the top three (3) largest smartphone vendors in the world | 389294 | 276689 |
| Customer B: One (1) of the top three (3) largest corporations in the world | 45000 | 275000 |
| Customer C: One (1) of the top three (3) mobile carriers in USA |  | 6038 |
| Customer D: One (1) of the top three (3) largest sporting goods companies in the world | 266375 | 83125 |
| Customer E: One (1) of the top ten (10) largest pharmaceutical manufacturers in the world |  | 156300 |
| Customer F: One (1) of the top three (3) largest media and entertainment companies in the world | 5580 | 20790 |
| Customer G: One (1) of the top ten (10) insurance companies in USA | 101266 | 94667 |
| Customer H: One (1) of the top ten (10) retailers in USA | 6400 | 6000 |
| Customer I: One (1) of the top ten (10) largest healthcare providers in USA | 41058 | 33273 |
| Customer J: One (1) of the top three (3) private equity firms in the world | 6262083 | 5078273 |
| Customer K: Family office of one (1) of the top ten (10) most affluent families in USA | 875035 | 1844630 |

---

This list of leading institutions, who have all chosen Bond on behalf of their thousands of people are adopting and setting Bond as a new standard of care for employees, residents, students and family members.

As a general practice, we have entered into agreements with our customers based on terms that are typical for commercial arrangements. These terms include provisions relating to (a) availing services using statement of work and order forms, (b) fee and invoicing, (c) modes, timing and frequency of payment, (d) payment of taxes, (e) term and termination, (f) warranties, (g) confidentiality and information security, (h) privacy and data protection, and (i) insurance.

On November 16, 2023, we entered into a master agreement with one of our top customers to provide our professional services availed using specific statement of work / order forms. Under the agreement, the customer agrees to pay the fee as described in the order form within 45 days of receipt of invoice. In case of renewal of any order, the fee may not be increased more than the lesser of (a) 2% of the fee, and (b) increase in the most recently published and relevant consumer price index entries. The agreement is valid unless terminated by the parties, and either party is entitled to terminate upon a material breach for cause, and by a 30 days' written notice without cause. The agreement contains standard clause pertaining to party representations and warranties in addition to specific clauses pertaining to insurance policies to be maintained by Bond and information security. The foregoing description of a certain master agreement with one of our top customers is qualified in its entirety by reference to the form of master agreement with the customer, a copy of which is filed as Exhibit 10.1 hereto and incorporated by reference herein.

None of these customers represents more than 5% of the total annual revenues of Bond or more than 10% of the net cash collections annually. However, these customers are generally in expansion mode and it is possible that one or a few of them will increase their revenues and represent a larger percentage of the annual revenues or net cash collections.

Bond entered a B2B to customers (B2B2C) agreement with Mastercard that has the potential to become a very large percentage of Bond's current revenue and cash collection annually. At this time, however, this relationship does not yet yield a significant percentage of annual revenues or cash collections.

One of Bonds private equity firm customers is projected to represent approximately 50% of our annual 2025 revenues, and 30% and declining percentage of our bookings, but only approximately 20% of the annual net cash collections, and likely declining by 50% per year in 2026 and beyond.

Bond is also in the midst of negotiations and pilot projects with various cities, communities and universities that each have the potential to become 10-15% of Bond's annual reoccurring revenue (ARR) in 2025 and 20-30% of our net cash collections in 2025.

As our company matures and grows, it is anticipated that within two to three years no single customer or partner will represent more than 20% of total revenues, ARR or net cash collections.

**Our Employees**

Bond's ability to deliver Command Center response in seconds globally depends on our ability to, economically and efficiently, have enough Security Professionals on shift. This depends on data analytics that informs Bond how many Bond Personal Security Agents need to be staffed at different times of the day around the world (countries in which Bond provides its services), and in which languages. To satisfy those staffing requirements, Bond employs three (3) subcategories of Command Center Personal Security Agents (as provided in the tabular representation below).

● Full time (column B)

● Hourly workers with direct agreement with Bond (column C). This includes both employees and independent contractors. Some of the workers work part-time. Practically, some of those work full-time, despite being on an hourly agreement with Bond.

● Hourly workers who are employed by partners of Bond but are trained by Bond and monitored for performance by Bond.

The same concept (three subcategories of professionals) applies to Security Operations (rows 7-9) and to Business, Technical and Administrative personnel (rows 3-5):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **ROW** | | | **Flex Capacity (On Demand)** | **Flex Capacity (On Demand)** | |
| **1** | <br>**Category** |<br>**Full-time** | **Part-Time<br> under agreement with Bond - hourly**<br> **rate**  | **Part-Time<br> Hourly workers through Partners of Bond** |<br>**Grand Total** |
| **2** | **Business & Technical Professionals** | **17** | **98** | **300** | **415** |
| **3** | **Americas (1)** | 7 | 78 |  | 85 |
| **4** | **EMEA (2)** | 10 | 19 |  | 29 |
| **5** | **APJ (3)** | 0 | 1 |  | 1 |
| **6** | **Security Professionals** | **35** | **225** | **10000** | **10260** |
| **7** | **Americas** | 15 | 196 |  | 211 |
| **8** | **EMEA** | 20 | 1 |  | 21 |
| **9** | **APJ** | 0 | 28 |  | 28 |
| **10** | **Total:** | **52** | **323** | **10300** | **10675** |
| **11** | **Americas** | 22 | 274 |  | 296 |
| **12** | **EMEA** | 30 | 20 |  | 50 |
| **13** | **APJ** | 0 | 29 |  | 29 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Comprises
 of the region of North and South America.

(2) Comprises
 of the region of Europe, the Middle East and Africa.

(3) Comprises
 of the region of Asia, Pacific and Japan.

None of our employees are represented by labor unions or covered by collective bargaining agreements. We consider the relationship with our employees to be good. We generally enter into agreements with our employees that contain confidentiality provisions to control access to, and invention or work product assignment provisions to clarify ownership of, our proprietary information.

**Outsourcing**

We currently outsource a number of our key functions to third parties, including some software development, legal and payroll.

In addition, we host our Bond Preventative Personal Security Platform on cloud platforms provided by Amazon Web Services (AWS) Amazon.com, Inc.

An additional investment is associated with the various ecosystem relationships and partnerships in 28 countries, enabling Bond to work harmoniously with local first responders, and other service providers (roadside assistance, transportation, bodyguards on demand and access to doctors). We estimate this investment as $2M.

In parallel to the services that are offered to end-users via the Bond App, we are developing its physical world services that include a Drone First Responder (DFR) solution (meant to assist Bond members by dispatching a Bond drone to their location) and security guards as well as bodyguards. The long-term vision is that all such services will eventually be automated and "robotic", orchestrated via the Bond Command Center. Bond's relationship with its customers often allows it to offer multiple solutions and services.

**Plan for Development and Expansion**

Plans & Strategies

Bond plans to continue expanding into new markets through the provision of its Bond App services to both travelers and residents. Bond currently intends to invest approximately $1,000,000 over the next two years into developing partnerships with governments and local service providers in additional countries, which will enable Bond to provide its services to residents of those countries as well as visitors.

Bond is also investing approximately $5,000,000 into product development, including the development of physical services that include a Drone First Responder (DFR) solution (meant to assist Bond members by dispatching a Bond drone to their location) and security guards as well as bodyguards. The long-term vision is that all such services will eventually be automated and "robotic", orchestrated via the Bond Command Center.

Bond intends to raise the funds needed for these investments through a combination of bridge financing and equity lines of credit.

**Regulatory Environment**

We are subject to a number of U.S. federal and state and non-U.S. laws and regulations that involve matters central to our business. These laws and regulations involve security services, privacy, data protection, intellectual property, other subjects. We are subject to a number of U.S. state occupational licensing laws that apply to security agencies and private security officers, as well as similar regulations in France regarding the license to practice physical protection of persons. Any liability we may have from our failure to comply with these regulations may materially affect our business by restricting our operations and subjecting us to substantial penalties. In addition, our current and future operations may be subject to additional regulation as a result of, among other factors, new statutes and regulations and changes in the manner in which existing statutes and regulations are or may be interpreted. In addition, any new licensing requirements, if introduced, could be burdensome and expensive or even impose requirements that we are unable to meet. In the ordinary course of business we and customers using our solutions access, collect, store, analyze, transmit and otherwise process certain types of data, including personal information, which subjects us and our customers to certain privacy and information security laws in the United States and internationally, including, for example, the California Consumer Privacy Act (the "***CCPA***"), which took effect January 1, 2020, and the California Privacy Rights Act (the "***CPRA***") which took effect January 1, 2023, and which significantly amended the CCPA, and imposes additional data protection obligations on companies doing business in California, including additional consumer rights processes and opt outs for certain uses of sensitive data and imposes significant data privacy and potential statutory damages related to data protection for the data of California residents.

The CPRA also created a new California data protection agency specifically tasked to enforce the law, which will likely result in increased regulatory scrutiny of California businesses in the areas of data protection and security and may increase our compliance costs and potential liability. In addition to the CCPA, numerous other states' legislatures have passed or are considering similar laws that will require ongoing compliance efforts and investment. For example, Virginia passed the Virginia Consumer Data Protection Act, and Colorado passed the Colorado Privacy Act, both of which differ from the CPRA and became effective in 2023. Similar laws have been proposed in other states as well and at the federal level. Other international laws are also in place or pending, and such laws may have potentially conflicting requirements that would make compliance challenging.

In the European Union, the General Data Protection Regulation of 2018 (the "***GDPR***") significantly expanded the rules on using personal data and increased the risks of processing personal data. Some of the new requirements include:

● accountability and transparency requirements, which require those who control data to demonstrate and record compliance and provide certain detailed information to users regarding the ways in which data is used and processed;

● enhanced data consent requirements, which includes "explicit" consent with regard to information the regulation classifies as sensitive data;

● obligations to consider data privacy as new products, services and systems are developed, including ways to limit accessibility of data as well as the amount of information collected, processed, and stored;

● constraints on using data to profile users;

● obligations to provide users with personal data in a usable format on request and to erase personal data in certain circumstances; and

● reporting to data protection authorities of potential breaches without undue delay (72 hours, where feasible).

Other foreign jurisdictions in which the Company operates, or in which it has its services available, have implemented, or are considering implementing, data privacy laws and regulations, many of which are similar to the GDPR.

Under these data protection and privacy laws, we and our customers are required to maintain appropriate technical and organizational measures to ensure the security and protection of personal data and information, and we must comply (either directly or indirectly in support of our customers' compliance efforts, as may be provided for the agreements we enter into with our customers) with a number of requirements with respect to individuals whose personal data or information we collect and process. Many of these laws and regulations are still evolving and being tested in courts and could be interpreted in ways that could harm our business. In addition, the application and interpretation of these laws and regulations are often uncertain, particularly in the new and rapidly evolving industry in which we operate.

**Intellectual Property**

Similar to other companies (like e-Bay, Uber or Facebook) that developed a platform for service delivery, much of Bond's technology stack is not patented. Frequently, while the platform design and the technology require great skill and talent to create and develop, it is not eligible for a patent. For Bond, some of our technologies and solutions are purposefully not patented as filing a patent allows would-be competitors to learn about the manner in which a technology is designed and find a method to deliver the same function in a different process. In such cases, Bond preferred to maintain such capabilities as trade secrets, not even publishing that such functionality exists, rather than explaining that it exists and how Bond developed it.

That said, Bond does have patents and pending patents and applications around some of the areas of its technology stack.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Case Number** | **Billing**<br> **Number** | **App**<br> **Client**<br> **Ref** | **Country** | **Case Type** | **Application**<br> **Status** | **App Title** | **App**<br> **Number** | **Filing**<br> **Date** | **Patent**<br> **Number** | **Issue**<br> **Date** |
| 092418-593660 | 092418-593660 | T017-7000US1 | US | ORD | Granted | System and method for threat monitoring, detection, and response | 15/956,456 | April 18, 2018 | 10600295 | March 24, 2020 |
| 092418-597726 | 092418-597726 | T017-7001US1 | US | ORD | Granted | System and method for real-time decoding and monitoring for encrypted instant messaging and other information exchange applications | 16/002,820 | June 7, 2018 | 10637674 | April 28, 2020 |
| 092418-618715 | 092418-618715 | T017-7004US0 | US | CIP | Granted | Systems and methods for real-time adjustment of neural networks for autonomous tracking and localization of moving subject | 16/416,887 | May 20, 2019 | 11216954 | January 4, 2022 |
| 092418-630858 | 092418-630858 | T017-7003US1 | US | ORD | Granted | Systems and methods for autonomous machine tracking and localization of mobile objects | 16/519,996 | July 23, 2019 | 11125563 | September 21, 2021 |
| 092418-639739 | 092418-639739 | T017-7000CA | CA | PCT | TBA-In Process | System and method for threat monitoring, detection, and response | 3062459 | November 4, 2019 |  |  |
| 092418-639741 | 092418-639741 | T017-7000IL0 | IL | PCT | Granted | System and method for threat monitoring, detection, and response | 270310 | October 30, 2019 | 270310 | September 1, 2020 |
| 092418-679510 | 092418-679510 | T017-7003CA0 | CA | PCT | Granted | Systems and methods for autonomous machine tracking and localization of mobile objects | 3107374 | January 21, 2021 | 3107374 | September 27, 2022 |
| 092418-679526 | 092418-679526 | T017-7003IL0 | IL | PCT | Granted | Systems and methods for autonomous machine tracking and localization of mobile objects | 280328 | January 21, 2021 | 280328 | December 1, 2021 |
| 092418-706033 | 092418-706033 | T017-7006US1 | US | ORD | Granted | Systems and methods for generating emergency response | 17/512,952 | October 28, 2021 | 11653192 | May 16, 2023 |
| 092418-722181 | 092418-722181 | T017-7007US1 | US | ORD | Granted | System and method to register improved accuracy geofences | 17/704,489 | March 25, 2022 | 12200564 | January 14, 2025 |

---

We also rely on confidentiality procedures, contractual commitments, and other legal rights to establish and protect our intellectual property. We generally enter into agreements with our employees and consultants that contain confidentiality provisions to control access to, and invention or work product assignment provisions to clarify ownership of, our proprietary information.

**Property**

Our mailing address is 85 Broad St. New-York, NY 10004, which is at a private office space. The space serves as the location of our corporate headquarters. We also lease spaces at NJ, Israel, UK and France on a month-to-month basis or a 12-month lease period for a total of $20 per month, which serves as our local Command Centers and development offices.

We believe that our facilities are adequate for our current and anticipated near-term needs and that suitable additional or substitute space would be available if needed.

**Legal Proceedings**

In July 2022, the Israeli Subsidiary gave the lessor advanced notice of its intention to exercise the exit point on December 31, 2022, while negotiating the fifth-year terms. The parties were unable to reach agreements and in July 2023 the subsidiary vacated the leased premises. In February 2025 a lawsuit was filed against the Company for a total of $1,600. Given the preliminary stage in which the lawsuit is at, the Israeli Subsidiary's lawyers cannot reasonably assess the likelihood of the claims to be accepted by court. Given that Company's plan to litigate the case, and given the dynamics of such trials in Israel, a decision by a court is not anticipated until 2027.

From time to time, we may be party to litigation arising in the ordinary course of business. Except as described above, as of the date of this prospectus, we are not subject to any material legal proceedings nor, to the best of our knowledge, are any material legal proceedings pending or threatened against us.

**MANAGEMENT**

**Executive Officers and Directors**

The following table sets forth certain information, as of the date of this prospectus, concerning our executive officers:

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position** |
| Doron Kempel | 61 | Chief Executive Officer and Director |
| Amit Hod | 41 | Chief Financial Officer |
| Joseph DeSalvo | 59 | Head of Global Security |
| Michael Lambert | 52 | Head of Commercial Operations |
| Adam Draizin | 55 | Independent Director |
| Paul Morin | 80 | Independent Director |
| Randy Boutin | 56 | Independent Director |

---

The following is a biographical summary of the experience of our executive officers.

**Doron Kempel**

Doron Kempel is Chairman, CEO and a non-independent director at Bond. Prior to founding Bond in 2017, Doron was Founder and CEO of SimpliVity Corporation, which pioneered hyper converged IT infrastructure, a novel cloud architecture that radically simplified IT infrastructure and was eventually acquired by HPE. Previously, was co-founder, Chairman and CEO at Diligent Technologies, which was eventually acquired by IBM. Doron holds an MBA from Harvard Business School, as well as Law and Philosophy degrees from Tel-Aviv University. Additionally, he served for approximately ten (10) years in the Israeli Defense Forces.

**Amit Hod**

Amit Hod is Chief Financial Officer and a non-independent director at Bond. In this role, he leads the company's daily activities across functions such as finance, IT, and regulatory compliance. Prior to Bond, Amit was the Chief Financial Officer at BCM where he led the company's acquisition. Before, he was a senior auditor at PwC, managing financial audits of start-ups in the high-tech and online arenas, private and listed companies. Amit holds a B.A in accounting and information technologies and M.A in law. Additionally, he served for eight (8) years in the ministry of defense.

**Joseph DeSalvo**

Joseph DeSalvo was most recently Chief Security Officer of Blackstone and has more than twenty (20) years of experience in corporate security and investigations. Based in New York, he oversaw security for Blackstone's facilities, employees and assets, business continuity, crisis management, duty of care and executive protection for all offices globally. A former FBI Special Agent and United States Army veteran, Mr. DeSalvo has held similar roles at Charles Schwab & Co., Bankers Trust Company and Iron Mountain. Mr. DeSalvo earned his MBA from the University of Hartford, and he holds executive leadership certifications from Georgetown University and the Kellogg School of Management at Northwestern University.

**Michael Lambert**

Michael Lambert is Head of Commercial Operations at Bond. A multilingual enterprise sales leader with an unbroken string of organizational success stories, Michael is a board-facing executive who joined Bond most recently from Vectra AI, a pre-IPO cybersecurity market disruptor, where he established and grew the top-performing regional sales team globally. Prior to this, Michael was the VP/GM of the Americas at MSC Software, leading a cross-functional team through a turnaround success that enabled the company to exit private equity with an attractive multiple. Formative sales experiences at PTC and IBM prepared him to step into the MSC role. Michael spent five (5) years active duty in the US Marine Corps after he graduated with honors from the US Naval Academy. He speaks, reads and writes Japanese and Spanish.

**Adam Draizin**

Adam Draizin is an independent director at Bond and the Audit Committee Chair. In this role, he oversees the integrity of financial reporting, effectiveness of internal controls and the performance of internal and external auditors. He is a private equity investor and advisor wherein he manages a diverse investment portfolio across multiple sectors and has served on boards of both, private and public companies, offering governance oversight and growth-focused advisory. Before, he was the Co-Founder and an executive officer at Verra Mobility (formerly American Traffic Solutions), managing the fleet services division and building the leading toll and violation management platform. Additionally, he served for six (6) years as the CFO of Verra Mobility. Adam holds an M.B.A from Harvard Business School, as well as a History degree from Washington University in St. Louis.

**Paul Morin**

Paul Morin is an independent director at Bond and the Compensation Committee Chair. In this role, he leads the oversight of executive compensation policies, ensuring alignment with company performance and shareholder interests. Prior to Bond, he was the owner of Cardinal Program Management Services wherein he provided business operations consulting to two high-tech startups and acted as the Operations VP and managed the HR, IT, facilities, legal, planning, and financial departments in the U.S. and Israel. Before, he was the VP Global Business Operations at Diligent Technologies Corporation, managing the global business operations of a tech start-up from founding to acquisition by IBM. Additionally, he served as the Director of Operations at EMC Corporation for two (2) years. Paul holds an executive business degree from Carnegie Mellon University, as well as a Bachelor of Science degree from Northeastern University.

**Randy Boutin**

Randy Boutin is an independent director at Bond and the Nominating and Corporate Governance Committee Chair. In this role, he leads the selection of board candidates and oversees corporate governance practices to ensure effective board functioning. Currently, he is the General Manager at Amazon Web Services, wherein is responsible for the AWS Edge Data Services exceeding $300 million ARR and optimizing data management to help customers accelerate workflows and projects. Before, he was the Co-Founder and CEO of Tuono, a public cloud infrastructure automation platform, developing and managing the platform to help enterprise customers adopt and manage public cloud computing and accelerating productivity. Additionally, he served for five (5) years as the VP of Cloud Services & Customer Success at SimpliVity. Randy holds an M.B.A from Columbia Business School, as well as a Bachelor of Science degree from Rensselaer Polytechnic Institute.

**Family Relationships**

There are no family relationships among any of our directors or executive officers.

**Board of Directors**

Our board of directors currently consists of seven (7) directors. Our bylaws provide that, subject to the rights of holders of any series of our preferred stock to elect directors, the number of directors on our board of directors shall be fixed from time to time solely by resolution of the board of directors.

Pursuant to our bylaws, subject to the preferential rights of holders of any series of our preferred stock, any newly created directorship that results from an increase in the number of directors or any vacancy on our board of directors can only be filled by the affirmative vote of a majority of the total number of directors then in office, even if less than a quorum, or by a sole remaining director. Further, any member of our board of directors or our entire board of directors may be removed by the stockholders holding a majority of the shares then entitled to vote at an election of directors with or without cause.

When considering whether directors have the experience, qualifications, attributes or skills, taken as a whole, to enable our board of directors to satisfy its oversight responsibilities effectively in light of our business and structure, the board of directors focuses primarily on each person's background and experience as reflected in the information discussed in each of the directors' individual biographies set forth above. We believe that our directors provide an appropriate mix of experience and skills relevant to the size and nature of our business.

**Director Independence**

Our board of directors has determined that all members of our board of directors and nominees for our board of directors, except Doron Kempel and Amit Hod, are independent directors for purposes of the rules of Nasdaq and the SEC. In making this determination, our board of directors considered the relationships that each non-employee director has with us and all other facts and circumstances that our board of directors deemed relevant, including the beneficial ownership of our Common Stock by each non-employee director. Upon the effectiveness of the registration of which this prospectus forms a part, the composition and functioning of our board of directors and each of our committees complies with all applicable requirements of Nasdaq and the rules and regulations of the SEC, subject to applicable phase-in periods for committees.

**Board Leadership Structure**

Our board of directors is currently chaired by Doron Kempel. Our corporate governance guidelines further provide the flexibility for our board of directors to modify our leadership structure in the future as it deems appropriate.

**Committees of our Board of Directors**

Our board of directors has established an audit committee, a compensation committee and a nominating and corporate governance committee, each of which operates pursuant to a charter adopted by our board of directors. Our board of directors may also establish other committees from time to time to assist the board of directors. The composition and functioning of all of our committees complies with all applicable requirements of the Sarbanes-Oxley Act, Nasdaq and SEC rules and regulations. Each committee's charter is available on our website.

**Audit Committee**

The members of our Audit Committee are Adam Draizin, Paul Morin and Randy Boutin. Adam Draizin serves as the chairperson of the committee. Each of the audit committee members satisfy the independence requirements of Rule 5605(a)(2) of the NASDAQ Stock Market listing rules and SEC Rule 10A-3 nominees. Our board has affirmatively determined that Adam Draizin is designated as the "audit committee financial expert." The designation shall not impose on Adam Draizin any duties, obligations or liabilities that are greater than those generally imposed on members of our Audit Committee and the board members. The audit committee's responsibilities include:

● appointing, approving the compensation of and assessing the independence of our independent registered public accounting firm;

● pre-approving auditing and permissible non-audit services, and the terms of such services, to be provided by our independent registered public accounting firm;

● reviewing the overall audit plan with our independent registered public accounting firm and members of management responsible for preparing our financial statements;

● reviewing and discussing with management and our independent registered public accounting firm our annual and quarterly financial statements and related disclosures as well as critical accounting policies and practices used by us;

● coordinating the oversight and reviewing the adequacy of our internal control over financial reporting;

● establishing policies and procedures for the receipt and retention of accounting-related complaints and concerns;

● recommending based upon the audit committee's review and discussions with management and our independent registered public accounting firm whether our audited financial statements shall be included in our annual report on Form 10-K;

● monitoring the integrity of our financial statements and our compliance with legal and regulatory requirements as they relate to our financial statements and accounting matters;

● preparing the audit committee report required by SEC rules to be included in our annual proxy statement;

● reviewing all related person transactions for potential conflict of interest situations and approving all such transactions; and

● reviewing quarterly earnings releases.

**Compensation Committee**

The members of the compensation committee are Paul Morin, Adam Draizin and Randy Boutin. Paul Morin serves as the chairperson of the committee. Our board of directors has determined that each member of the compensation committee is "independent" as that term is defined in Nasdaq rules and is a "non-employee director" under Rule 16b-3 under the Exchange Act. In addition, our board of directors has determined that each member of the compensation committee meets the heightened independence requirements for compensation committee purposes under Section 10C of the Exchange Act and related SEC and Nasdaq rules. The compensation committee's responsibilities include:

● reviewing and approving our philosophy, policies and plans with respect to the compensation of our chief executive officer;

● making recommendations to our board of directors with respect to the compensation of our chief executive officer and our other executive officers;

● reviewing and assessing the independence of compensation advisors;

● overseeing and administering our equity incentive plans;

● reviewing and making recommendations to our board of directors with respect to director compensation; and

● preparing the compensation committee reports required by the SEC, including our "compensation discussion and analysis" disclosure.

**Nominating and Corporate Governance Committee**

The members of our nominating and corporate governance committee are Randy Boutin, Adam Draizin and Paul Morin. Randy Boutin serves as the chairperson of the committee. Our board of directors has determined that each member of the nominating and corporate governance committee is "independent" as defined in Nasdaq rules. The nominating and corporate governance committee's responsibilities include:

● developing and recommending to the board of directors criteria for board and committee membership;

● establishing procedures for identifying and evaluating board of director candidates, including nominees recommended by shareholders;

● reviewing the composition of the board of directors to ensure that it is composed of members containing the appropriate skills and expertise to advise us;

● identifying and screening individuals qualified to become members of the board of directors;

● recommending to the board of directors the persons to be nominated for election as directors and to each of the board's committees;

● developing and recommending to the board of directors a code of business conduct and ethics and a set of corporate governance guidelines; and

● overseeing the evaluation of our board of directors and management.

**Code of Conduct**

We have adopted a written code of ethics and business conduct, that applies to our directors, officers and employees, including our chief executive officer, head of finance, head of global security or persons performing similar functions. In connection with the effectiveness of the registration statement of which this prospectus forms a part, a current copy of the code will be posted on our website. If we make any substantive amendments to, or grant any waivers from, the code of ethics and business conduct for any officer or director, we will disclose the nature of such amendment or waiver on our website or in a Current Report on Form 8-K.

**EXECUTIVE AND DIRECTOR COMPENSATION**

**Executive Compensation**

This section discusses the material components of the executive compensation program for our executive officers who are named in the "*2025 Summary Compensation Table*" below. For the fiscal year ended December 31, 2025, our "named executive officers" and their positions were as follows:

● Doron Kempel, Chief Executive Officer and Director;

● Amit Hod, Head of Corporate Operations and Finance;

● Joseph DeSalvo, Head of Global Security; and

● Michael Lambert, Head of Commercial Operations.

This discussion may contain forward-looking statements that are based on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation programs that we adopt following the completion of this offering may differ materially from the currently planned programs summarized in this discussion. As an "emerging growth company" and a "smaller reporting company," each as defined under SEC rules, we are not required to include a compensation discussion and analysis section and have elected to comply with the scaled disclosure requirements applicable to emerging growth companies and smaller reporting companies.

**2025 Summary Compensation Table**

The following table represents information regarding the total compensation awarded to, earned by or paid to our named executive officers during the fiscal years ended December 31, 2025 and 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year** | **Salary<br> ($)** | **Bonus <br> ($)** | **Option Awards (1)<br> ($)** |  | **Total <br> ($)** |
| Doron Kempel | 2025 | 31200 |  | 2579478 |  | 2610678 |
| Chief Executive Officer and Director | 2024 | 31200 |  | 1299124 |  | 1330324 |
| Amit Hod | 2025 | 182000 |  | 668842 | (2) | 850842 |
| Head of Corporate Operations and Finance | 2024 | 153000 |  | 427350 | (2) | 580350 |
| Joseph DeSalvo | 2025 | 315000 | 313238 | 152582 |  | 780820 |
| Head of Global Security | 2024 | 315000 | 262321 | 105782 |  | 683103 |
| Michael Lambert | 2025 | 225000 | 112366 | 112059 |  | 449425 |
| Head of Commercial Operations | 2024 | 225000 | 191481 | 97434 |  | 513915 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) In accordance with SEC rules, amounts in this column reflect the aggregate grant date fair value of stock options for shares of Common Stock granted computed in accordance with ASC 718, rather than the amounts paid or realized by the named individual. We provide information regarding the assumptions used to calculate the value of the stock options granted in Note 4 to our audited financial statements included elsewhere in this prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The exercise price for the option awards awarded to our named executive officers was modified pursuant to a reverse stock split on November 11, 2023 and September 19, 2025 except in relation to the exercise price for the option awards awarded to Mr. Hod.

**2025 Salaries**

In 2025, our named executive officers received an annual base salary to compensate them for services rendered to us. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive's skill set, experience, role, and responsibilities.

For the fiscal year ended December 31, 2025, the annual base salaries of Mr. Kempel and Mr. Lambert remained consistent with the salaries paid in the fiscal year ended December 31, 2024, at $31,200 and $225,000, respectively, while the annual base salary of Mr. Hod was increased to $182,000 from $153,000.

On March 26, 2026, the Compensation Committee approved a revised compensation package for the Company's Chief Executive Officer. The new compensation structure includes an annual base salary of $360,000 and a target annual bonus opportunity of $120,000, subject to the achievement of strategic goals and performance parameters established by the Compensation Committee.

**2024 Salaries**

In 2024, our named executive officers received an annual base salary to compensate them for services rendered to us. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive's skill set, experience, role, and responsibilities.

For the fiscal year ended December 31, 2024, the annual base salary of the following executive officers remained consistent with salaries paid in the fiscal year ended December 31, 2023: Mr. Kempel at $31,200 and Mr. Hod at $153,000.

Mr. Lambert joined the Company in the fiscal year ended December 31, 2024 with an annual base salary of $225,000.

**2025 Bonuses**

For the fiscal year ended December 31, 2025, Mr. DeSalvo and Mr. Lambert were eligible to earn a bonus based on the achievement of goals and milestones, as determined by the Company in its sole discretion. For the fiscal year ended December 31, 2025, both Mr. DeSalvo and Mr. Lambert received bonuses amounting to $313,238 and $112,366 respectively.

**2024 Bonuses**

For the fiscal year ended December 31, 2024, Mr. DeSalvo and Mr. Lambert were eligible to earn a bonus based on the achievement of goals and milestones, as determined by the Company in its sole discretion. For the fiscal year ended December 31, 2024, both Mr. DeSalvo and Mr. Lambert received bonuses amounting to $262,321 and $191,480 respectively.

**Equity Compensation**

Our named executive officers received stock options to purchase shares of Common Stock that were granted in 2025 and 2024 pursuant to the Company's Amended and Restated Equity Plan.

In 2025, the named executive officers were awarded stock options to purchase the following number of shares of Common Stock: Mr. Kempel - 1,094,320, Mr. Hod - 206,403, Mr. DeSalvo - 40,000 and Mr. Lambert - 12,500.

In 2024, the named executive officers were awarded stock options to purchase the following number of shares of Common Stock: Mr. Kempel - 3,090,943, Mr. Hod – 172,370, Mr. DeSalvo - 251,906 and Mr. Lambert - 231,821.

Many of the stock options granted to our named executive officers in 2025 and 2024 vest over four (4) years, with a 1/4 on the first anniversary date of the vesting commencement date and 1/48<sup>th</sup> each month thereafter until fully vested, subject to continued service. All of the stock options granted vest over a period of time not to exceed ten (10) years from the grant date

For additional information about the Amended and Restated Equity Plan, please see the section titled "—*Equity Compensation Plans*" below.

**Other Elements of Compensation**

**Retirement Plans**

We participate in the TG-17, Inc. 401(k) Plan, which is available to all of our employees, including our named executive officers. Our named executive officers are eligible to participate in the TG-17, Inc. 401(k) Plan on the same terms as other full-time employees. As per the TG-17, Inc. 401(k) Plan, the Company may, in its sole discretion, provide matching funds to any employee.

**Employee Benefits and Perquisites**

*Health/Welfare Plans.* All of our full-time employees, including our named executive officers, are eligible to participate in the Company's health and welfare plans, including:

● medical, dental and vision benefits;

● health and dependent care flexible spending accounts;

● short-term and long-term disability insurance;

● life and accidental death and dismemberment coverage;

● voluntary employee paid life insurance; and

● employee paid specified disease.

We believe that the employee benefits described above are necessary and appropriate to provide a competitive compensation package to our named executive officers and employees.

**Employment Agreements with our Named Executive Officers**

**Doron Kempel Employment Agreement**

We entered into an employment agreement with Mr. Kempel, dated August 15, 2018, pursuant to which Mr. Kempel serves as our Chief Executive Officer. Mr. Kempel's employment pursuant to the agreement is "at-will" and is terminable by either party for any reason and with or without notice.

Pursuant to his agreement, Mr. Kempel was entitled to receive an initial base salary of $25,000 per year, which was increased to $31,200 in 2023. In addition, the agreement provides that Mr. Kempel is eligible to participate in Company sponsored benefit plans, as and when established. All reasonable business expenses that were documented by Mr. Kempel and incurred in the ordinary course of business were to be reimbursed in accordance with the Company's standard policies and procedures.

On March 26, 2026, the Compensation Committee approved a revised compensation package for the Company's Chief Executive Officer. The new compensation structure includes an annual base salary of $360,000 and a target annual bonus opportunity of $120,000, subject to the achievement of strategic goals and performance parameters established by the Compensation Committee.

**Amit Hod Employment Agreement**

We, through our TG- 17 (Israel) Ltd. subsidiary, entered into an employment agreement with Mr. Hod, dated May 25, 2017, pursuant to which Mr. Hod serves as our Chief Financial Officer. Mr. Hod's employment pursuant to the agreement is "at-will" and is terminable by either party for any reason and with a prior written notice of 30 days.

Pursuant to his agreement, Mr. Hod was entitled to receive an initial base salary of $10,200 per month and an overtime payment of $2,550 per month, which was increased to a monthly base salary of $12,133 and an overtime payment of $3,032 per month in 2025. In addition, the agreement provides that Mr. Hod shall receive (i) eligibility to participate in Company sponsored benefit plans, as and when established, including the continuous excellence and alignment objectives ("***CEAO***") bonus program, (ii) pension insurance, and (iii) options to purchase common stock of the Company under the TG-17, Inc. Amended and Restated Sub-Plan: Israel. Under the CEAO bonus program, Mr. Hod was entitled to receive an initial gross payout of $20,000, awarded in four (4) equal quarterly payments based on subjective and objective criteria as determined by the Chief Executive Officer of the Company. In 2024, the gross payout under the CEAO bonus program was reduced to $0. All reasonable business expenses that were documented by Mr. Hod and incurred in the ordinary course of business were to be reimbursed in accordance with the Company's standard policies and procedures.

**Joseph DeSalvo Employment Agreement**

We entered into an employment agreement with Mr. DeSalvo, dated July 19, 2021, pursuant to which Mr. DeSalvo serves as our Head of Global Security. Mr. DeSalvo's employment pursuant to the agreement is "at-will" and is terminable by either party for any reason and with or without notice.

Pursuant to his agreement, Mr. DeSalvo was entitled to receive an initial base salary of $285,000 per year, which has been increased to $300,000 in 2025. In addition, the agreement provides that Mr. DeSalvo shall receive (i) eligibility to participate in Company sponsored benefit plans, as and when established, including the CEAO bonus program, (ii) commission incentives and bookings bonus for the first twelve (12) months of employment as per the agreement, and subsequently as determined by the Company, (iii) options to purchase common stock of the Company under the TG-17, Inc. Amended and Restated 2017 Equity Plan, and (iv) three (3) months' severance benefits in the event of termination other than for cause or for a good reason as defined under the agreement. Under the CEAO bonus program, Mr. DeSalvo was entitled to receive an initial gross payout of $15,000, awarded in four (4) equal quarterly payments based on subjective and objective criteria as determined by the Chief Executive Officer of the Company. All reasonable business expenses that were documented by Mr. DeSalvo and incurred in the ordinary course of business were to be reimbursed in accordance with the Company's standard policies and procedures.

**Michael Lambert Employment Agreement**

We entered into an employment agreement with Mr. Lambert, dated January 2, 2024, pursuant to which Mr. Lambert serves as our Head of Commercial Operations. Mr. Lambert's employment pursuant to the agreement was "at-will" and was terminable by either party for any reason and with or without notice.

Pursuant to his agreement, Mr. Lambert was entitled to receive an initial base salary of $240,000 per year, which was decreased to $225,000 in 2024. In addition, the agreement provides that Mr. Lambert shall receive (i) eligibility to participate in Company sponsored benefit plans, as and when established, including the CEAO bonus program, (ii) commission incentives of up to $250,000, (iii) options to purchase common stock of the Company under the TG-17, Inc. Amended and Restated 2017 Equity Plan, and (iv) three (3) months' severance benefits in the event of termination other than for cause. Under the CEAO bonus program, Mr. Lambert was entitled to receive an initial gross payout of $10,000, awarded in four (4) equal quarterly payments based on subjective and objective criteria as determined by the Chief Executive Officer of the Company. In 2024, the gross payout under the CEAO bonus program was reduced to $0. All reasonable business expenses that were documented by Mr. Lambert and incurred in the ordinary course of business were to be reimbursed in accordance with the Company's standard policies and procedures.

The foregoing description of the employment agreements with our named executive officers are qualified in their entirety by reference to the individual employment agreements, copies of which are filed as Exhibits 10.5, 10.6, 10.7 and 10.8 hereto and incorporated by reference herein.

**Equity Compensation Plans**

The following summarizes the material terms of the Amended and Restated Equity Plan.

**Stock Option Plan**

On May 26, 2017, our board of directors adopted, and our stockholders approved, our Amended and Restated Equity Plan. On June 29, 2018, this plan was amended to reflect the Company's conversion from a Delaware limited liability company to a Delaware corporation. On June 19, 2025, this plan was further amended to increase the number of shares authorized for issuance under the plan by reserving an additional 5,866,923 shares of the Common Stock resulting in an aggregate of 22,220,855 shares of the Common Stock reserved for issuance.

On May 26, 2017, our board of directors adopted, and our stockholders approved, our TG-17, Inc. Amended and Restated Sub-Plan: Israel applicable only for residents of the State of Israel or those who are deemed to be residents of the State of Israel for the payment of tax. This sub-plan is to be read as a continuation of the Amended and Restated Equity Plan and only modifies those options that are governed by the sub-plan to ensure compliance with the requirements of the applicable Israeli laws.

The Amended and Restated Equity Plan provides for the grant of incentive stock options and non-statutory stock options. The Amended and Restated Equity Plan, through the grant of stock awards, is intended to help us secure and retain the services of eligible award recipients, provide incentives for such persons to exert maximum efforts for our success. Through December 31, 2025, we have issued the equivalent of 7,336,803 options at the strike price and as per the vesting schedule specified in the corresponding award agreement to employees and directors under Amended and Restated Equity Plan.

As of December 31, 2025, there were the equivalent of 14,675,917 shares available for future issuance under the Amended and Restated Equity Plan.

The foregoing description of the TG-17, Inc. Amended and Restated 2017 Equity Plan and the TG-17, Inc. Amended and Restated Sub-Plan: Israel are qualified in its entirety by reference to the TG-17, Inc. Amended and Restated 2017 Equity Plan and the TG-17, Inc. Amended and Restated Sub-Plan: Israel, copies of which are filed as Exhibits 10.2 and 10.3 hereto and incorporated by reference herein.

**Outstanding Equity Awards at December 31, 2025**

The following table presents information regarding outstanding equity awards held by our named executive officers as of December 31, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Number of<br> Securities<br> Underlying<br> Unexercised<br> Options<br> Exercisable** | **Number of<br> Securities<br> Underlying<br> Unexercised<br> Options<br> Unexercisable** | **Weighted<br> Average <br> Option Exercise<br> Price** | **Option<br> Expiration Date** |
| Doron Kempel | 2833365 | 1351899 | $0.61 | 2034 |
| Amit Hod | 258774 | 140191 | $1.68<sup>(1)</sup> | 2027-2034 |
| Joseph DeSalvo | 251707 | 40000 | $0.52 | 2031-2034 |
| Michael Lambert | 118751 | 125570 | $0.46 | 2034 |

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(1) The exercise price for the option awards awarded to our named executive officers was modified pursuant to a reverse stock split on November 11, 2023 except in relation to the exercise price for the option awards awarded to Mr. Hod.

**Director Compensation**

**Non-employee Director Compensation Table**

We did not have any non-employee members on our board of directors during the fiscal year ended December 31, 2025 and therefore, we did not pay any compensation, make any equity awards or non-equity awards to, or pay any other compensation to any non-employee members of our board of directors in 2025.

On March 26, 2026, the Compensation Committee approved the Director Compensation Policy (the "2026 Policy"). The 2026 Policy applies to all directors who are neither employees of the Company nor compensated consultants. Under the 2026 Policy, each eligible non-employee director will receive equity awards in the form of stock options with an aggregate value of $450,000 over a three-year period. These awards are structured at $150,000 per year, commencing on February 4, 2026, and will vest monthly over the applicable vesting period. In addition, pursuant to the 2026 Policy, non-employee directors will be reimbursed for reasonable out-of-pocket expenses incurred in connection with Company business and activities related to the Board.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Fees<br> Earned<br> or<br> Paid in<br> Cash<br> ($)** | **Stock<br> awards<br> ($)<sup>(1)</sup>** | **Option<br> awards<br> ($)<sup>(1)</sup>** | **Non-equity<br> incentive<br> plan<br> compensation<br> ($)** | **Nonqualified<br> deferred<br> compensation<br> earnings <br> ($)** | **All other<br> compensation<br> ($)** | **Total <br> ($)** |
| Adam Draizin | – $| 450000 | – | &nbsp;&nbsp;&nbsp;&nbsp;- |  |  | $450000 |
| Paul Morin | – $| 450000 | – |  |  |  | $450000 |
| Adam Boutin | – $| 450000 | – |  |  |  | $450000 |

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&nbsp;&nbsp;&nbsp;&nbsp;(1) The
 amounts reflected in this column represent the aggregate grant date fair value of the awards made during each respective year, as
 computed in accordance with FASB ASC Topic 718. For additional information related to the measurement of stock-based compensation
 awards, see Note 12 of the accompanying Consolidated Financial Statements.

**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

The following table lists, as of the date of this prospectus, the number of shares of common stock beneficially owned by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each person, entity or group (as that term is used in Section 13(d)(3) of the Exchange Act) known to the Company to be the beneficial owner of more than 5% of the outstanding common stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each of our directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) each of our Named Executive Officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all executive officers and directors as a group.

Information relating to beneficial ownership of Common Stock by our principal stockholders and management is based upon information furnished by each person using "beneficial ownership" concepts under the rules of the Commission. Under these rules, a person is deemed to be a beneficial owner of a security if that person directly or indirectly has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to dispose or direct the disposition of the security. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary interest.

We have based percentage of beneficial ownership for the following table on 20,673,185 shares of Common Stock and 9,725,900 shares in the aggregate of Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series B-3 Preferred Stock and Series F Preferred Stock on an as converted to Common Stock basis, which cast a total of 415,221,719 on an as converted to Common Stock basis, for a total of 435,894,904 shares entitled to vote, and does not include 52,500 shares of Series C Preferred Stock and 525,451 shares of Series D Preferred Stock, which are non-voting, outstanding as of March 27, 2026. In addition, in accordance with the rules of the SEC, beneficial ownership includes voting or investment power with respect to securities issuable within 60 days of March 27, 2026. As such, shares of Common Stock issuable pursuant to options and warrants that may be exercised or settled within 60 days of March 27, 2026 are deemed to be outstanding for purposes of computing the percentage of the class beneficially owned by the person holding such securities but are not deemed to be outstanding for purposes of computing the percentage of the class beneficially owned by any other person.

Each share of our Common Stock is entitled to one vote per share on all matters submitted to a vote of the stockholders, including the election of directors.

Unless otherwise indicated, the business address of each of the individuals and entities named below is c/o Our Bond, Inc., 85 Broad Street, New York, NY 10004.

The following table represents the security ownership of certain beneficial owners and management pertaining to our Common Stock:

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| | | | |
|:---|:---|:---|:---|
| **Name of beneficial owner** | **Common Stock beneficially owned** | **Percentage of Beneficial Ownership** | **Percentage of Voting Power** |
| **Executive Officers and Directors** |  |  |  |
| Doron Kempel (1) | 9206444 | 33.83% | 95.76% |
| Amit Hod (2) | 283219 | 1.35% | 0% |
| Joseph DeSalvo (3) | 251707 | 1.20% | 0% |
| Michael Lambert (4) | 125570 | \* | 0% |
| Adam Draizin (5) | 31729 | \* | \* |
| Paul Morin (6) | 154018 | \* | \* |
| Randy Boutin (7) | 27990 | \* | 0% |
| **Executive Officers and Directors as a Group (8 persons) (8)** | 10080676 | 35.95% | 95.77% |
| **5% Stockholders** |  |  |  |
| Doron Kempel (1) | 9206444 | 33.83% | 95.76% |
| ProdActive II LLC (9) | 8063795 | 33.72% | 33.72% |
| Radek Sousek (10) | 2259945 | 9.91% | 9.91% |
| JVP VIII, L.P. (11) | 1365433 | 6.60% | 6.60% |
| Ascent Partners Fund LLC (12) | 2294469 | 9.99% | 0% |
| Eastward Fund Management, LLC (13) | 2294469 | 9.99% | 6.91% |

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\* Less than 1%

1. Doron Kempel beneficially owns:

(A) 2,669,211 shares of our Common Stock, which includes the following: (i) 165,780 shares which he owns himself and over which he has sole voting and investment control; and (ii) 2,503,431 shares owned by VFTG, L.P., over which Mr. Kempel has sole voting and investment control. The address of VFTG, L.P. is 292 Newbury Street, #485 Boston, MA 02115;

(B) 3,114,460 shares of our shares of Common Stock, issuable upon conversion of 3,114,460 shares of Series B-1 Preferred Stock, owned by VFTG, L.P.;

(C) 418,421 shares of our shares of Common Stock, issuable upon conversion of 418,421 shares of Series B-3 Preferred Stock, which includes (i) 389,457 shares owned by VFTG, L.P.; and (ii) 28,964 which he owns himself;

(D) 10,000 shares of our shares of Common Stock, issuable upon conversion of 10,000 shares of Series F Preferred Stock, each share entitled to cast 40,000 votes, which he owns himself; and

(E) 2,994,352 shares of our Common Stock issuable upon the exercise of 2,994,352 outstanding options, with an exercise cost of $1,258,526, within 60 days of this prospectus.

2. Amit Hod beneficially owns 283,219 shares of our Common Stock issuable upon the exercise of 283,219 outstanding options, with an exercise cost of $533,419, within 60 days of this prospectus. Mr. Hod has sole voting and investment control over such shares.

3. Joseph DeSalvo beneficially owns 251,707 shares of our Common Stock issuable upon the exercise of 251,707 outstanding options, with an exercise cost of $105,782, within 60 days of this prospectus. Mr. DeSalvo has sole voting and investment control over such shares.

4. Michael Lambert beneficially owns 125,570 shares of our Common Stock issuable upon the exercise of 125,570 outstanding options, with an exercise cost of $52,777, within 60 days of this prospectus. Mr. Lambert has sole voting and investment control over such shares.

5. Adam Draizin beneficially owns 31,729 shares of our Common Stock which includes (A) 3,649 shares of Common Stock which he owns himself; (B) 1,294 shares of Common Stock issuable upon conversion of Series CF-2 Warrants; and (C) 26,786 shares of our Common Stock issuable upon the exercise of 26,786 outstanding options, with an exercise cost of $35,089, within 60 days of this prospectus. Mr. Draizin has sole voting and investment control over such shares.

6. Paul Morin beneficially owns 154,018 shares of our Common Stock which includes (A) 41,202 shares of Common Stock which he owns himself; (B) 64,792 shares of Common Stock issuable upon conversion of 64,792 shares of Series B-3 Preferred Stock; (C) 1,553 shares of Common Stock issuable upon conversion of Series CF-2 Warrants; and (D) 46,471 shares of our Common Stock issuable upon the exercise of 46,471 outstanding options, with an exercise cost of $51,357, within 60 days of this prospectus. Mr. Morin has sole voting and investment control over stocks beneficially owned by him.

7. Randy Boutin beneficially owns 27,990 shares of our Common Stock issuable upon the exercise of 27,990 outstanding options, with an exercise cost of $35,595, within 60 days of this prospectus. Mr. Boutin has sole voting and investment control over such shares.

8. Includes (A) 2,714,062 shares of Common Stock, (B) 3,114,460 shares of Series B-1 Preferred Stock, (C) 483,213 shares of Series B-3 Preferred Stock; (D) 10,000 shares of Series F Preferred Stock, each share entitled to cast 40,000 votes; (E) 2,847 shares of Common Stock issuable upon exercise of Series CF-2 Warrants; and (F) 3,756,094 shares of Common Stock issuable upon the exercise of 3,756,094 outstanding options within 60 days of this prospectus, all amounts mentioned herein held by the directors and executive officers as a group.

9. ProdActive II LLC, beneficially owns 8,063,795 shares of Common Stock which includes (A) 4,824,404 shares of Common Stock; and (B) 3,239,391 shares of Common Stock issuable upon conversion of (i) 133,330 shares of Series B-1 Preferred Stock; and (ii) 3,106,061 shares of Series B-3 Preferred Stock. DK 2019 Irrevocable Trust has sole voting and investment control over stocks beneficially owned by ProdActive II LLC. DK 2019 Irrevocable Trust is governed by unanimous consent of a distribution committee, namely: Koby Kempel, Jay Hachigian, Susan Aharonian and Paul Morin. The address of ProdActive II LLC is 292 Newbury Street, #485 Boston, MA 02115.

10. Radek Sousek beneficially owns 2,259,945 shares of Common Stock which includes (A) 137,392 shares of Common Stock; and (B) 2,122,555 shares of Common Stock issuable upon conversion of (i) 683,746 shares of Series B-1 Preferred Stock; (ii) 1,332,552 shares of Series B-2 Preferred Stock; and (iii) 106,257 shares of Series B-3 Preferred Stock. Radek Sousek has sole voting and investment control over stocks beneficially owned by him.

11. JVP VIII, L.P. beneficially owns 1,365,433 shares of Common Stock. Mr. Erel Margalit has sole voting and investment control over stocks beneficially owned by JVP VIII, L.P.

12. Ascent Partners Fund LLC (the "***Ascent***"), a Delaware limited liability company, beneficially owns 2,294,469 shares of Common Stock issuable upon conversion of (A) 259,068 shares of Common Stock issuable upon conversion of 52,500 shares of Series C Preferred Stock; (B) 425,467 shares of Common Stock issuable upon conversion of 525,451 shares of Series D Preferred Stock; and (C) 1,609,934 shares of Common Stock issuable upon exercise of warrants issued pursuant to the Series C Preferred Stock and Series D Preferred Stock offerings. Each of Mikhail Gurevich and Gennadiy Gurevich manages Dominion Capital Holdings LLC ("***DCH***") and Dominion Capital GP LLC ("***Dominion GP***"), each a Delaware limited liability company, Dominion Capital LLC ("***DC***"), a Connecticut limited liability company, Ascent Partners LLC ("***AP***"), a Delaware limited liability company and Ascent. DCH manages DC, Dominion GP, AP and Ascent. Dominion GP manages DC, AP and Ascent. DC manages AP and Ascent. Alon Brenner manages Masada Group Holdings LLC ("***Masada***"), a Florida limited liability company, AP and Ascent. Masada manages AP and Ascent. AP manages Ascent. Ascent has the power to dispose of and the power to vote the shares beneficially owned by it. Each of Mikhail Gurevich, Gennadiy Gurevich, DCH, Dominion GP, DC, Alon Brenner, Masada and AP may be deemed to beneficially own, and have the power to vote, the shares beneficially owned by Ascent and the other companies they are listed above as managing. For the avoidance of doubt, Ascent beneficially owns 25,976,437 shares of Common Stock which includes (A) 259,068 shares of Common Stock issuable upon conversion of 52,500 shares of Series C Preferred Stock; (B) 300,000 shares of Common Stock issuable upon exercise of warrants issued pursuant to the Series C Preferred Stock offering; (C) 425,467 shares of Common Stock issuable upon conversion of 525,451 shares of Series D Preferred Stock; and (D) 24,991,902 shares of Common Stock issuable upon exercise of warrants issued pursuant to the Series D Preferred Stock offering. However, the Certificate of Designation for the Series C Preferred Stock and Series D Preferred Stock contain a beneficial ownership limitation on conversion of the Series C Preferred Stock and Series D Preferred Stock in excess of 9.99% of the Common Stock.

13. Eastward Fund Management, LLC beneficially owns 2,294,469 shares of Common Stock issuable upon conversion of 2,294,469 shares of Series B-1 Preferred Stock. Mr. Dennis Cameron has sole voting and investment control over stocks beneficially owned by Eastward Fund Management, LLC. The address of Eastward Fund Management, LLC is 432 Cherry Street West Newton, MA 02465. For the avoidance of doubt, Eastward Fund Management, LLC beneficially owns (A) 4,102,472 shares of Common Stock issuable upon conversion of 4,102,472 shares of Series B-1 Preferred Stock; and (B) 247,145 shares of Common Stock issuable upon conversion of 247,145 warrants issued pursuant to the Series B-1 Preferred Stock offering. However, the Certificate of Designation for the Series B-1 Preferred Stock contains a beneficial ownership limitation on conversion of the Series B-1 Preferred Stock in excess of 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock.

The following table represents the security ownership of certain beneficial owners and management pertaining to our Preferred Stock entitled to vote, on an as converted to Common Stock basis:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of beneficial** | **Series of voting preferred stock beneficially owned** | **Series of voting preferred stock beneficially owned** | **Series of voting preferred stock beneficially owned** | **Series of voting preferred stock beneficially owned** | **Series of voting preferred stock beneficially owned** | **Series of voting preferred stock beneficially owned** | **Series of voting preferred stock beneficially owned** | **Voting preferred stock beneficially** | **Percentage of beneficial** | **Percentage of voting** |
| **owner** | **B-1** | **B-2** | **B-3** | **F** | **C** | **E** | **D** | **owned** | **ownership** | **power** |
| **Executive Officers and Directors** |  |  |  |  |  |  |  |  |  |  |
| Doron Kempel (1) | 3114460 |  | 418421 | 10000 |  |  |  | 3542881 | 20.62% | 97.18% |
| Amit Hod |  |  |  |  |  |  |  |  |  |  |
| Joseph DeSalvo |  |  |  |  |  |  |  |  |  |  |
| Michael Lambert |  |  |  |  |  |  |  |  |  |  |
| Adam Draizin |  |  |  |  |  |  |  |  |  |  |
| Paul Morin (2) |  |  | 64792 |  |  |  |  | 64792 | \* | \* |
| Randy Boutin |  |  |  |  |  |  |  |  |  |  |
| **Executive Officers and Directors as a Group (4 persons) (3)** | 3114460 |  | 483213 | 10000 |  |  |  | 3607673 | 21.00% | 97.20% |
| **5% Stockholders** |  |  |  |  |  |  |  |  |  |  |
| Doron Kempel (1) | 3114460 |  | 418421 | 10000 |  |  |  | 3542881 | 20.62% | 97.18% |
| ProdActive II LLC (4) | 133330 |  | 3106061 |  |  |  |  | 3239391 | 18.86% | \* |
| Radek Sousek (5) | 683746 | 1332552 | 106257 |  |  |  |  | 2122555 | 12.36% | \* |
| Eastward Fund Management, LLC (6) | 2294469 |  |  |  |  |  |  | 2294469 | 13.36% | \* |

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1. Doron Kempel beneficially owns 3,542,881 shares of our Common Stock issuable upon conversion of:

(A) 3,114,460 shares of Series B-1 Preferred Stock, owned by VFTG, L.P.;

(B) 418,421 shares of Series B-3 Preferred Stock, which includes (i) 389,457 shares owned by VFTG, L.P.; and (ii) 28,964 which he owns himself; and

(C) 10,000 shares of Series F Preferred Stock, which he owns himself and each share is entitled to cast 40,000 votes.

2. Paul Morin beneficially owns 64,792 shares of our Common Stock issuable upon conversion of 64,792 shares of Series B-3 Preferred Stock. Mr. Morin has sole voting and investment control over stocks beneficially owned by him.

3. Includes (i) 3,607,673 shares of Common Stock issuable upon conversion of the Preferred Stock entitled to vote held by the Directors and Executive Officers as a group.

4. ProdActive II LLC beneficially owns 3,239,391 shares of Common Stock issuable upon conversion of (A) 133,330 shares of Series B-1 Preferred Stock; and (B) 3,106,061 shares of Series B-3 Preferred Stock.

5. Radek Sousek beneficially owns 2,122,555 shares of Common Stock issuable upon conversion of (A) 683,746 shares of Series B-1 Preferred Stock; (B) 1,332,552 shares of Series B-2 Preferred Stock and (C) 106,257 shares of Series B-3 Preferred Stock.

6. Eastward Fund Management, LLC beneficially owns 2,294,469 shares of Common Stock issuable upon conversion of 2,294,469 shares of Series B-1 Preferred Stock. For the avoidance of doubt, Eastward Fund Management, LLC beneficially owns (A) 4,102,472 shares of Common Stock issuable upon conversion of 4,102,472 shares of Series B-1 Preferred Stock; and (B) 247,145 shares of Common Stock issuable upon conversion of 247,145 warrants issued pursuant to the Series B-1 Preferred Stock offering. However, the Certificate of Designation for the Series B-1 Preferred Stock contains a beneficial ownership limitation on conversion of the Series B-1 Preferred Stock in excess of 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock.

**CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS**

The following is a summary of transactions or series of transactions since inception, or currently proposed transactions or series of transactions, to which we were, or will be, a party, in which the amount involved exceeded, or will exceed, $120,000, and in which any of our directors, executive officers, or to our knowledge, beneficial owners of 5% or more of our capital stock, or any member of the immediate family of, or entities affiliated with, any of the foregoing persons, had, or will have, a direct or indirect material interest.

Since the company's establishment, the company's founder and CEO has also been the largest investor who participated - either directly or through entities under his control - in all funding rounds in a total amount of approximately $44.67 million.

In 2023, the Company entered into an Unsecured Convertible Revolving Promissory Note (the "Note") with its main shareholder in the amount of up to $3,000. At any time, the Noteholder may, in its sole discretion, lend to the Company from time to time until the first-year anniversary of the Effective Date such amounts as may be requested by the Company in accordance with the terms and conditions of this Note. The principal amount outstanding under this Note from time to time shall bear interest at a rate per annum equal to the Applicable Federal Rate. During 2025, Company received a total of $451 and repaid $1,605 from the outstanding balance. During 2024, Company received a total of $1,110 and repaid $910 from the outstanding balance. As of December 31, 2025 and 2024, the Revolving Promissory Note outstanding balance was $765 and $1,870, respectively. The total interest expenses recorded in 2025 and 2024 were $48 and $85, respectively.

**DESCRIPTION OF CAPITAL STOCK**

**General**

The following description summarizes certain important terms of our capital stock, as they are expected to be in effect in connection with the effectiveness of the registration statement of which this prospectus forms a part. This description summarizes the provisions of our articles of incorporation, bylaws and individual certificates of designation for each series of our Preferred Stock. Because it is only a summary, it does not contain all the information that may be important to you. For a complete description of the matters set forth in this section titled "*Description of Capital Stock*," you should refer to our articles of incorporation, our bylaws and individual certificates of designation for each series of our Preferred Stock, which are included as exhibits to the registration statement of which this prospectus forms a part, and to the applicable provisions of Nevada law.

We are authorized to issue 400,000,000 shares of capital stock, which will consist of: (i) 200,000,000 shares of Common Stock, par value $0.0001 per share, (ii) 150,000,000 shares of Preferred Stock, par value $0.0001 per share and (iii) 50,000,000 shares of Non-Voting Common Stock, par value $0.0001 per share.

Pursuant to our articles of incorporation, subject to the provisions of any certificate of designation of any series of Preferred Stock, any increase or decrease in the authorized shares of Common Stock requires an affirmative vote of all the holders of a majority in voting power of capital stock that are entitled to vote.

**Common Stock**

Our articles of incorporation provides that**:**

● holders of Common Stock will have the right to participate and vote in the Company's stockholders meeting except with respect to amendments to our articles of incorporation that relate solely to the terms of one or more outstanding series of Preferred Stock if the holders of such affected series are entitled to vote on such an amendment;

● holders of Common Stock will be entitled to one vote per share on matters to be voted on by stockholders and also will be entitled to receive such dividends, if any, as may be declared from time to time out of funds legally available therefor;

● the payment of dividends, if any, on the Common Stock will be subject to rights of the holders of Preferred Stock; and

● upon our liquidation or dissolution, the holders of Common Stock will be entitled to receive pro rata all assets remaining available for distribution, subject to stockholders rights of the holders of Preferred Stock.

**Preferred Stock**

Our certificates of designation for each series of our Preferred Stock categorize Preferred Stock into the following designations: Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series B-3 Preferred Stock, Series CF-1 Preferred Stock, Series CF-2 Preferred Stock, Series F Preferred Stock, Series C Preferred Stock, Series E Preferred Stock and Series D Preferred Stock (together, the "***Preferred Stock***").

**Ranking**

With respect to the preferences as to dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company,

● All shares of capital stock of the Company except for Series C Preferred Stock, Series E Preferred Stock and Series D Preferred Stock shall be junior in rank to Series C Preferred Stock, Series E Preferred Stock and Series D Preferred Stock, each of which rank equal,

● Series B-3 Preferred Stock shall be junior in rank to Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series CF-1 Preferred Stock, and Series CF-2 Preferred Stock, each of which rank equal,

● Common Stock, Non-Voting Common Stock and Series F Preferred Stock shall be junior in rank to all other shares of capital stock, and

● Common Stock, Non-Voting Common Stock and Series F Preferred Stock shall rank equal.

**Overview of each series of Preferred Stock**:

The following is the summary of our various series of our Preferred Stock:

**Series B Preferred Stock**

**Description**

This consists of shares of Series B-1 Preferred Stock, Series B-2 Preferred Stock and Series B-3 Preferred Stock (together, the "***Series B Preferred Stock***").

**Conversion**

Each share of Series B Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the applicable original issuance price by the applicable conversion price in effect at the time of conversion.

Each share of Series B Preferred Stock shall automatically be converted into Common Stock immediately upon the earlier of (i) the closing of a Qualified IPO (as such term is defined in our applicable certificate of designation), as such or (ii) written consent or agreement of the majority of the outstanding shares of Preferred Stock voting together on an as-converted to Common Stock basis that are entitled to vote on such matter.

In the event that the Company issues any new securities, for a consideration per stock lower than the applicable conversion price of the applicable Series B Preferred Stock, the applicable conversion price for the applicable Series B Preferred Stock shall be readjusted to reflect the lower consideration paid for the applicable Series B Preferred Stock as set forth in our applicable certificate of designation.

The certificate of designation of Series B-1 Preferred Stock provides a limitation on conversion in the event the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Common Stock upon such conversion.

**Voting Rights**

The holders of Series B Preferred Stock are entitled to one vote for each share of Common stock on an as-converted basis and shall vote together, along with holders of other Preferred Stock entitled to vote thereon (together, the "***Voting Preferred Stock***"), with the holders of Common Stock as a single class. The holders of the Series B Preferred stock shall be entitled to vote on all matters on which holders of Common stock are entitled to vote.

**Preferred Return; Dividends and Distributions**

The holders of Series B Preferred Stock have a right to participate in any dividend paid by the Company of an amount equal to the dividend payable on each share of Common stock on an as-converted basis. Further, the Company is not allowed to pay or set aside any such dividend unless the holders of Series B Preferred Stock are paid, either first or simultaneously, their share of the dividend, subject to rights of other series of Preferred Stock.

**Liquidation Preference**

The Company's Series B Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed as follows: (i) the holders of Series B-1 Preferred Stock and Series B-2 Preferred Stock (along with holders of Series CF Preferred Stock on a *pari-passu* basis) shall be paid before any payment is paid to the remaining stockholders (other than holders of Series C Preferred Stock), of an amount per share equal to two (2) times their original issue price and any unpaid dividend and subsequently (ii) the holders of Series B-3 Preferred Stock shall be paid before any payment is paid to holders of Common Stock and Series F Preferred Stock, of an amount per share equal to two (2) times their original issue price and any unpaid dividend.

**Redemption Right**

Other than in a deemed liquidation event as provided for under the applicable certificate of designation, the Series B Preferred Stock is not redeemable at the option of the holder or the Corporation.

**Covenants**

For so long as at least 6,187,498 shares of Voting Preferred Stock remain outstanding, we have agreed to comply with a number of covenants restricting our ability to take certain actions or engage in certain activities, which are typical for transactions of this type. In particular, we will not create or reclassify any capital stock, or increase the authorized number of shares of Series B Preferred Stock, unless the same ranks junior to the Series B Preferred Stock with respect to its rights, preferences and privileges and we will not enter into certain fundamental transactions (including, without limitation, mergers, business combinations or similar transactions) without the prior written consent of the holders of a majority of the holders of Voting Preferred Stock.

**Series B-1 Preferred Stock Protection Covenants**

For so long as at least 2,051,236 shares of Series B-1 Preferred Stock remain outstanding, we have agreed to comply with a number of covenants restricting our ability to take certain actions or engage in certain activities, which are typical for transactions of this type. In particular, we will not create or reclassify any capital stock unless the same ranks pari passu with or junior to, or increase the authorized number of shares of Series B-1 Preferred Stock unless the same ranks junior to, the Series B-1 Preferred Stock with respect to its rights, preferences and privileges without the prior written consent of the holders of at least 60% of the holders of Series B-1 Preferred Stock.

**Registration Rights**

Pursuant to the terms of the Third Amended and Restated Stockholders' Agreement dated June 24, 2024 (the "***Stockholders' Agreement***"), the holders of our Preferred Stock entitled to vote therein will be entitled to certain demand registration rights. At any time beginning six (6) months after the effectiveness of the Company's first firm commitment underwritten public offering of its securities under the Act, the holders of at least 50% of the shares registrable under the Stockholders Agreement can request that we register the offer and sale of their shares. Such request for registration must cover securities with an anticipated aggregate offering price of at least $30 million. We are obligated to effect only three (3) such registrations. If we determine that it would be seriously detrimental to us and our stockholders to effect such a demand registration, we have the right to defer such registration, not more than once in any twelve-month period, for a period of up to 90 days. Additionally, we will not be required to effect a demand registration during the period beginning 60 days prior to the public filing of a registration statement, and ending on a date 180 days following the effectiveness of a registration statement.

**Piggyback Registration Rights**

If we propose to register the offer and sale of any of our Common Stock or any other securities under the Act, then in connection with the public offering of such Common Stock or any other securities solely for cash, we expect that the holders of up to 28,090,905 shares of our Common Stock (issuable upon conversion of our Series B Preferred Stock and Series CF Preferred Stock) will be entitled to certain "piggyback" registration rights allowing the holders to include their shares in such registration, subject to certain marketing and other limitations. As a result, whenever we propose to file a registration statement under the Securities Act, other than with respect to (i) a demand registration, (ii) a registration related to any employee benefit plan or a corporate reorganization or other transaction covered by Rule 145 promulgated under the Securities Act, (iii) a registration on any registration form which does not include substantially the same information as would be required to be included in a registration statement covering the sale of the shares registrable under the Stockholders Agreement or (iv) a registration in which the only Common Stock or Non-Voting Common Stock being registered is issuable upon conversion of debt securities that are also being registered, the holders of these shares are entitled to notice of the registration and have the right, subject to certain limitations, to include their shares in the registration.

**Series CF Preferred Stock**:

**Description**

This consists of shares of Series CF-1 Preferred Stock and Series CF-2 Preferred Stock (together, the "***Series CF Preferred Stock***"). As of the date of this Prospectus, all shares of Series CF-1 Preferred Stock and Series CF-2 Preferred Stock have been converted to Non-Voting Common Stock. Accordingly, we do not have any shares of Series CF-1 Preferred Stock and Series CF-2 Preferred Stock issued and outstanding, and we intend to file a withdrawal of the Certificate of Designation of the Series CF-1 Preferred Stock and Series CF-2 Preferred Stock.

**Conversion**

Each share of Series CF Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable Non-Voting Common Stock as is determined by terms of the applicable certificates of designation.

Each share of Series CF Preferred Stock shall automatically be converted into Non-Voting Common Stock immediately upon the earlier of (i) the closing of a Qualified IPO (as such term is defined in our applicable certificate of designation), as such or (ii) written consent or agreement of the majority of the outstanding shares of Preferred Stock voting together on an as-converted to Common Stock basis that are entitled to vote on such matter.

In the event that the Company issues any new securities, for a consideration per stock lower than the applicable conversion price of the applicable Series CF Preferred Stock, the applicable conversion price for the applicable Series CF Preferred Stock shall be readjusted to reflect the lower consideration paid for the applicable Series CF Preferred Stock as set forth in our applicable certificate of designation.

On June 19, 2025, our board of directors and stockholders approved the automatic conversion of all our Non-Voting Common Stock, issued or issuable upon the conversion of Series CF-1 Preferred Stock and Series CF-2 Preferred Stock, into Common Stock concurrently with the listing on the Nasdaq Stock Exchange.

On October 15, 2025, we received the Requisite Holder's consent to convert our Series CF Preferred Stock into Non-Voting Common Stock. Pursuant to the Company's Articles of Incorporation, all Non-Voting Common Stock automatically converted into Common Stock, which is entitled to one vote per share, in connection with the initial listing of Common Stock on Nasdaq.

**Voting Rights**

The holders of Series CF Preferred Stock are not entitled to any voting rights.

**Preferred Return; Dividends and Distributions**

The holders of Series CF Preferred Stock have a right to participate in any dividend paid by the Company of an amount equal to the dividend payable on each share of Non-Voting Common stock on an as-converted basis. Further, the Company is not allowed to pay or set aside any such dividend unless the holders of Series CF Preferred Stock are paid, either first or simultaneously, their share of the dividend, subject to rights of other series of Preferred Stock.

**Liquidation Preference**

The Company's Series CF Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed as follows: (i) the holders of Series CF Preferred Stock (along with holders of Series B-1 Preferred Stock and Series B-2 Preferred Stock on a *pari-passu* basis) shall be paid before any payment is paid to the remaining stockholders (other than holders of Series C Preferred Stock), of an amount per share equal to two (2) times their original issue price and any unpaid dividend.

**Redemption Right**

Other than in a deemed liquidation event as provided for under the applicable certificate of designation, the Series CF Preferred Stock is not redeemable at the option of the holder or the Corporation.

**Covenants**

For so long as at least 6,187,498 shares of Voting Preferred Stock remain outstanding, we have agreed to comply with a number of covenants restricting our ability to take certain actions or engage in certain activities, which are typical for transactions of this type. In particular, we will not create or reclassify any capital stock, or increase the authorized number of shares of Series CF Preferred Stock, unless the same ranks junior to the Series CF Preferred Stock with respect to its rights, preferences and privileges and we will not enter into certain fundamental transactions (including, without limitation, mergers, business combinations or similar transactions) without the prior written consent of the holders of a majority of the holders of Voting Preferred Stock.

**Registration Rights**

Pursuant to the terms of the Stockholders' Agreement, the holders of our Preferred Stock entitled to vote therein will be entitled to certain demand registration rights. At any time beginning six (6) months after the effectiveness of the Company's first firm commitment underwritten public offering of its securities under the Act, the holders of at least 50% of the shares registrable under the Stockholders Agreement can request that we register the offer and sale of their shares. Such request for registration must cover securities with an anticipated aggregate offering price of at least $30 million. We are obligated to effect only three (3) such registrations. If we determine that it would be seriously detrimental to us and our stockholders to effect such a demand registration, we have the right to defer such registration, not more than once in any twelve-month period, for a period of up to 90 days. Additionally, we will not be required to effect a demand registration during the period beginning 60 days prior to the public filing of a registration statement, and ending on a date 180 days following the effectiveness of a registration statement.

**Piggyback Registration Rights**

If we propose to register the offer and sale of any of our Common Stock or any other securities under the Act, then in connection with the public offering of such Common Stock or any other securities solely for cash, we expect that the holders of up to 28,090,905 shares of our Common Stock (issuable upon conversion of our Series B Preferred Stock and Series CF Preferred Stock) will be entitled to certain "piggyback" registration rights allowing the holders to include their shares in such registration, subject to certain marketing and other limitations. As a result, whenever we propose to file a registration statement under the Securities Act, other than with respect to (i) a demand registration, (ii) a registration related to any employee benefit plan or a corporate reorganization or other transaction covered by Rule 145 promulgated under the Securities Act, (iii) a registration on any registration form which does not include substantially the same information as would be required to be included in a registration statement covering the sale of the shares registrable under the Stockholders Agreement or (iv) a registration in which the only Common Stock or Non-Voting Common Stock being registered is issuable upon conversion of debt securities that are also being registered, the holders of these shares are entitled to notice of the registration and have the right, subject to certain limitations, to include their shares in the registration.

**Series F Preferred Stock**:

**Description**

This consists of shares of Series F Preferred Stock.

**Conversion**

Each share of Series F Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into one (1) share of fully paid and non-assessable Common Stock.

**Voting Rights**

The holders of Series F Preferred Stock are entitled to cast 40,000 votes for each one (1) share of Series F Preferred Stock and shall vote together, along with holders of other Preferred Stock entitled to vote thereon, with the holders of Common Stock as a single class. The holders of the Series F Preferred stock shall be entitled to vote on all matters on which holders of Common stock are entitled to vote.

**Preferred Return; Dividends and Distributions**

The holders of Series F Preferred Stock have a right to participate in any dividend paid by the Company of an amount equal to the dividend payable on each share of Common stock on an as-converted basis. Further, the Company is not allowed to pay or set aside any such dividend unless the holders of Series F Preferred Stock are paid, either first or simultaneously, their share of the dividend, subject to rights of other series of Preferred Stock.

**Liquidation Preference**

The Company's Series F Preferred Stock are entitled to participate in any distribution out of the assets of the Company on an equal basis per share with the holders of the Common Stock. For the purposes of such distribution, holders of Series F Preferred Stock shall be treated as if all shares of Series F Preferred Stock had been converted to Common Stock immediately prior to the distribution.

**Redemption Right**

The Series F Preferred Stock is not redeemable at the option of the holder or the Corporation.

**Registration Rights**

The Series F Preferred Stock are not entitled to demand registration rights.

**Piggyback Registration Rights**

The Series F Preferred Stock are not entitled to "piggyback" registration rights.

**Series C Preferred Stock**:

**Description**

This consists of shares of Series C Preferred Stock.

**Conversion**

Each share of Series C Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the conversion amount by the conversion price in effect at the time of conversion. The certificate of designation provides a limitation on conversion in the event the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Common Stock upon such conversion.

**Voting Rights**

The holders of Series C Preferred Stock shall have no voting rights, except as required by law and as expressly provided in the certificate of designation.

**Preferred Return; Dividends and Distributions**

The holders of Series C Preferred Stock are entitled to a monthly dividend at a rate of 8% of the stated value (as defined under the Series C certificate of designation) which commences accumulating on the initial issuance date and is computed on the basis of 360-day year and twelve (12) 30-day months.

**Liquidation Preference**

The holders of Series C Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed to the holders of Series C Preferred Stock first (along with holders of Series E Preferred Stock and Series D Preferred Stock as described below) who shall be paid before any payment is paid to the remaining stockholders, of an amount per share equal to the greater of (i) 200% of stated value (as defined therein) or (ii) the amount the holder would receive if such holder converted such Series C Preferred Stock into Common Stock immediately prior to the date of such payment.

**Redemption Right**

Upon the occurrence of a triggering event as defined in the certificate of designation which cannot be cured, each holder has a right to redeem the eligible shares of Series C Preferred Stock at the price stated in the terms therein.

Additionally, upon the occurrence of a bankruptcy triggering event as defined in the certificate of designation, we shall immediately redeem, in cash, each of the Series C Preferred Stock then outstanding at a redemption price stated in the terms therein.

If a direct listing has occurred, each holder, from and after the date of the direct listing, has a right to require the Company to redeem shares of Series C Preferred Stock at a purchase price equal to 100% of the conversion amount in an amount equal to 50% of the net proceeds received by the Company from any new issuance of public or private equity or debt securities.

If a direct listing has not occurred, each holder, from and after the 10<sup>th</sup> business day prior to the outside date (as defined in the certificate of designation), has a right to require the Company to redeem shares of Series C Preferred Stock at a purchase price equal to 110% of the conversion amount.

At any time that no equity conditions failure exists (as defined in the certificate of designation), the Company has a right to redeem all, but not less than all, of the shares of Series C Preferred Stock then outstanding at a price equal to 200% of the stated value (as defined in the certificate of designation) plus all accrued and unpaid dividends thereon if before the direct listing, and 110% of the stated value plus all accrued and unpaid dividends thereon if after the direct listing.

**Series C Protective Provisions**

We will use commercially reasonable efforts to not enter into corporate transactions (as defined in the certificate of designation) unless the successor entity is a qualified entity as per the certificate of designation, we will deliver a change of control notice as per the stated timeline and any failure to do so would result in a redemption right, any transfer constituting more than 50% of the outstanding Common Stock of the Company will entitle each holder with a tag-along right.

In the event that the Company grants, issues or sells any securities or rights to purchase securities, each holder is entitled to purchase rights on an as-converted to Common Stock basis. If the Company issues any new securities, for a consideration per stock lower than the conversion price, the conversion price for the Series C Preferred Stock shall be readjusted to reflect the lower consideration paid for the Series C Preferred Stock as set forth in our certificate of designation.

Additionally, we are restricted from amending our articles of incorporation, bylaws or take any other action to avoid the observance or performance of any of the terms of the certificate of designation. We are required to reserve sufficient authorized and unissued Common Stock to give effect to conversion of all shares of Series C Preferred Stock into Common Stock.

**Covenants**

We have agreed to comply with a number of covenants restricting our ability to take certain actions or engage in certain activities, which are typical for transactions of this type. In particular, we shall not (a) incur any indebtedness other than the permitted debt, (b) incur any liens other than permitted liens, (c) make any restricted payments, (d) enter into restricted asset transfers, (e) mature or accelerate any existing debt, (f) change the nature of our business, (g) maintain our existence, properties, intellectual property and insurance, and (h) issue any Series C Preferred Stock without the consent of the holders of sixty-five percent (65%) in aggregate principal amount of the Series C Preferred Stock then outstanding.

Additionally, (a) we shall not amend or repeal our articles of incorporation, bylaws or any certificates of designation that may adversely affect the preferences, rights and privileges of Series C Preferred Stock, (b) increase or decrease the authorized number of Series C Preferred Stock, (c) create or authorize any new class or series of shares that has a preference over or is on a parity with Series C Preferred Stock, (d) purchase, repurchase or redeem any shares junior in rank to the Series C Preferred Stock, (e) pay dividends or make any other distribution on any shares junior in rank to the Series C Preferred Stock, and (f) issue any Series C Preferred Stock other than pursuant to the securities purchase agreement executed between the holders and the Company.

**Registration Rights**

The Company entered into a Registration Rights Agreement dated June 25, 2025 with Ascent (the "***Series C Registration Rights Agreement***") under which, the Company shall file an initial registration statement within 90 days from June 25, 2025 relating to the resale of all qualified securities (as described therein) held by the holders of Series C Preferred Stock. If the all the qualified securities cannot be registered under such initial registration statement, the Company shall (a) use its best efforts to file amendments to such registration statement to cover the maximum number of qualified securities permitted, or (b) file an additional registration statement within the specified date therein covered the qualified securities.

Additionally, the holders of Series C Preferred Stock are entitled to demand registration rights, subject to certain limitations, for all or a portion of qualified securities, other than securities that are already covered under another previously filed registration statement or that such holder has requested to be included in another registration statement. We are obligated to effect only two (2) such registrations.

**Piggyback Registration Rights**

Under the Series C Registration Rights Agreement, if there is no effective registration statement that covers all qualified securities as specified above and the Company intends to prepare and file a registration statement relating to an offering for its own account or the account of others, then the holders of Series C Preferred Stock are entitled to notice of the registration and have the right, subject to certain limitations, to include their shares in the registration.

**Series E Preferred Stock**:

**Description**

This consists of shares of Series E Preferred Stock. As of the date of this prospectus, all shares of Series E Preferred Stock have been converted into Common Stock. Accordingly, we do not have any shares of Series E Preferred Stock issued and outstanding, and we intend to file a withdrawal of the Certificate of Designation of the Series E Preferred Stock.

**Conversion**

Each share of Series E Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the Stated Value (as defined under the Series E certificate of designation) by a conversion price of either (i) $4.62 per share, prior to the Ascent Minimum Recovery Date (as defined under the Series E certificate of designation), and (ii) $3.75 per share at all times after to the Ascent Minimum Recovery Date. The certificate of designation provides a limitation on conversion in the event the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Common Stock upon such conversion.

**Voting Rights**

The holders of Series E Preferred Stock shall have no voting rights, except as required by law and as expressly provided in the certificate of designation.

**Preferred Return; Dividends and Distributions**

The holders of Series E Preferred Stock are entitled to dividends at an annual rate of the greater of: (i) the Prime Rate, plus 6.5%, or (ii) 12%, payable monthly in arrears on the stated value (the "***Dividend Rate***"). Each of Series E Preferred Stock is entitled to a monthly dividend equal to Dividend Rate times the stated value commencing from its issuance date.

**Liquidation Preference**

The holders of Series E Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed to the holders of Series E Preferred Stock (along with holders of Series C Preferred Stock as described above and Series D Preferred Stock as described below) first who shall be paid before any payment is paid to the remaining stockholders.

**Redemption Right**

Upon the occurrence of a redemption triggering event as defined in the certificate of designation, the Company can redeem outstanding shares of Series E Preferred Stock in cash, as described under the certificate of designation. Additionally, the Company, at its sole discretion, can redeem, in whole or in one or more parts, outstanding shares of Series E Preferred Stock in cash by payment to the holder of the stated value thereof, plus all accrued but unpaid dividends thereon.

**Series E Protective Provisions**

As long as any shares of Series E Preferred Stock are issued and outstanding, we have agreed to comply with a number of covenants restricting our ability to take certain actions or engage in certain activities, which are typical for transactions of this type. In particular, we will not create or reclassify any capital stock, or increase the authorized number of shares of Series E Preferred Stock, unless the same ranks junior to the Series E Preferred Stock with respect to its rights, preferences and privileges and we will not enter into certain fundamental transactions (including, without limitation, mergers, business combinations or similar transactions) without the prior written consent of the holders of a majority of the holders of Series E Preferred Stock.

**Registration Rights**

The Series E Preferred Stock are not entitled to demand registration rights.

**Piggyback Registration Rights**

The Series E Preferred Stock are not entitled to "piggyback" registration rights.

**Series D Preferred Stock**:

**Description**

This consists of shares of Series D Preferred Stock.

**Conversion**

Each share of Series D Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the conversion amount by the conversion price in effect at the time of conversion. The certificate of designation provides a limitation on conversion in the event the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Common Stock upon such conversion.

**Voting Rights**

The holders of Series D Preferred Stock shall have no voting rights, except as required by law and as expressly provided in the certificate of designation.

**Preferred Return; Dividends and Distributions**

The holders of Series D Preferred Stock are entitled to a monthly dividend at a rate of 8% of the stated value (as defined under the Series D certificate of designation) which commences accumulating on the initial issuance date and is computed on the basis of 360-day year and twelve (12) 30-day months.

**Liquidation Preference**

The holders of Series D Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed to the holders of Series D Preferred Stock first (along with holders of Series E Preferred Stock and Series D Preferred Stock as described above) who shall be paid before any payment is paid to the remaining stockholders, of an amount per share equal to the greater of (i) 200% of stated value (as defined therein) or (ii) the amount the holder would receive if such holder converted such Series D Preferred Stock into Common Stock immediately prior to the date of such payment.

**Redemption Right**

Upon the occurrence of a triggering event as defined in the certificate of designation which cannot be cured, each holder has a right to redeem the eligible shares of Series D Preferred Stock at the price stated in the terms therein.

Additionally, upon the occurrence of a bankruptcy triggering event as defined in the certificate of designation, we shall immediately redeem, in cash, each of the Series D Preferred Stock then outstanding at a redemption price stated in the terms therein.

If a direct listing has occurred, each holder, from and after the date of the direct listing, has a right to require the Company to redeem shares of Series D Preferred Stock at a purchase price equal to 100% of the conversion amount in an amount equal to 50% of the net proceeds received by the Company from any new issuance of public or private equity or debt securities.

If a direct listing has not occurred, each holder, from and after the 10<sup>th</sup> business day prior to the outside date (as defined in the certificate of designation), has a right to require the Company to redeem shares of Series D Preferred Stock at a purchase price equal to 110% of the conversion amount.

At any time that no equity conditions failure exists (as defined in the certificate of designation), the Company has a right to redeem all, but not less than all, of the shares of Series D Preferred Stock then outstanding at a price equal to 200% of the stated value (as defined in the certificate of designation) plus all accrued and unpaid dividends thereon if before the direct listing, and 110% of the stated value plus all accrued and unpaid dividends thereon if after the direct listing.

**Series D Protective Provisions**

We will use commercially reasonable efforts to not enter into corporate transactions (as defined in the certificate of designation) unless the successor entity is a qualified entity as per the certificate of designation, we will deliver a change of control notice as per the stated timeline and any failure to do so would result in a redemption right, any transfer constituting more than 50% of the outstanding Common Stock of the Company will entitle each holder with a tag-along right.

In the event that the Company grants, issues or sells any securities or rights to purchase securities, each holder is entitled to purchase rights on an as-converted to Common Stock basis. If the Company issues any new securities, for a consideration per stock lower than the conversion price, the conversion price for the Series D Preferred Stock shall be readjusted to reflect the lower consideration paid for the Series D Preferred Stock as set forth in our certificate of designation.

Additionally, we are restricted from amending our articles of incorporation, bylaws or take any other action to avoid the observance or performance of any of the terms of the certificate of designation. We are required to reserve sufficient authorized and unissued Common Stock to give effect to conversion of all shares of Series D Preferred Stock into Common Stock.

**Covenants**

We have agreed to comply with a number of covenants restricting our ability to take certain actions or engage in certain activities, which are typical for transactions of this type. In particular, we shall not (a) incur any indebtedness other than the permitted debt, (b) incur any liens other than permitted liens, (c) make any restricted payments, (d) enter into restricted asset transfers, (e) mature or accelerate any existing debt, (f) change the nature of our business, (g) maintain our existence, properties, intellectual property and insurance, and (h) issue any Series D Preferred Stock without the consent of the holders of sixty-five percent (65%) in aggregate principal amount of the Series D Preferred Stock then outstanding.

Additionally, (a) we shall not amend or repeal our articles of incorporation, bylaws or any certificates of designation that may adversely affect the preferences, rights and privileges of Series D Preferred Stock, (b) increase or decrease the authorized number of Series D Preferred Stock, (c) create or authorize any new class or series of shares that has a preference over or is on a parity with Series D Preferred Stock, (d) purchase, repurchase or redeem any shares junior in rank to the Series D Preferred Stock, (e) pay dividends or make any other distribution on any shares junior in rank to the Series D Preferred Stock, and (f) issue any Series D Preferred Stock other than pursuant to the securities purchase agreement executed between the holders and the Company.

**Registration Rights**

The Company entered into a Registration Rights Agreement dated October 27, 2025 with Ascent ("***Series D Registration Rights Agreement****"*) under which, the Company shall file an initial registration statement within five (5) days from the direct listing relating to the resale of all qualified securities (as described therein) held by the holders of Series D Preferred Stock. If the all the qualified securities cannot be registered under such initial registration statement, the Company shall (a) use its best efforts to file amendments to such registration statement to cover the maximum number of qualified securities permitted, or (b) file an additional registration statement within the specified date therein covered the qualified securities.

Additionally, the holders of Series D Preferred Stock are entitled to demand registration rights, subject to certain limitations, for all or a portion of qualified securities, other than securities that are already covered under another previously filed registration statement or that such holder has requested to be included in another registration statement. We are obligated to effect only two (2) such registrations.

**Piggyback Registration Rights**

Under the Series D Registration Rights Agreement, if there is no effective registration statement that covers all qualified securities as specified above and the Company intends to prepare and file a registration statement relating to an offering for its own account or the account of others, then the holders of Series D Preferred Stock are entitled to notice of the registration and have the right, subject to certain limitations, to include their shares in the registration.

**Anti-Takeover Effects of our Articles of Incorporation, Bylaws and Nevada Law**

**Exclusive Forum**

Any person or entity purchasing or otherwise acquiring or holding any interest in shares of our capital stock shall be deemed to have notice of and consented to the forum provision in our articles of incorporation. Our choice of forum provision may impose additional litigation costs on stockholders in pursuing claims and may limit a stockholder's ability to bring a claim in a judicial forum that it believes to be favorable for disputes with us or any of our directors, officers or other employees, which may discourage lawsuits with respect to such claims.

**Limitation of Liability and Indemnification of Directors and Officers**

Our articles of incorporation and bylaws provide that our directors and officers will be indemnified by us to the fullest extent authorized by Nevada law.

These provisions may discourage stockholders from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. Furthermore, a stockholder's investment may be adversely affected to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. We believe that these provisions and insurance are necessary to attract and retain talented and experienced directors and officers. In addition, in connection with the effectiveness of the registration statement of which this prospectus forms a part, we intend to enter into separate indemnification agreements with each of our directors and executive officers.

**NRS 78.411 to NRS 78.444**

As a Nevada corporation, we will be subject to the provisions of NRS 78.411 through NRS 78.444. These statutes prevents certain Nevada corporations, under certain circumstances, from engaging in a "business combination" with an "interested stockholder." In general, NRS 78.423 defines an "interested stockholder" as an entity or person who, together with the person's affiliates and associates, beneficially owns 10% or more of the outstanding voting stock of the corporation. A "combination" includes a merger or sale of (i) more than 5% of the aggregate market value of (A) all our assets, or (B) all our outstanding voting shares, or (ii) more than 10% of our net income. However, the above provisions of NRS 78.423 do not apply if:

● the business combination takes place more than four years after the interested stockholder became an "interested stockholder;"

● our board of directors approves the transaction that made the stockholder an "interested stockholder" prior to the date of the transaction;

● on or subsequent to the date of the transaction, the business combination is approved by our board of directors and authorized at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least 60% of the outstanding voting stock not owned by the interested stockholder; or

● the corporation's original articles of incorporation contain a provision expressly electing not to be governed by NRS 78.411 through NRS 78.444.

Our original articles of incorporation in the State of Nevada, adopted in connection with our re-domicile to the State of Nevada in August of 2025, contain a provision expressly electing not to be governed by NRS 78.411 through NRS. These provisions are therefore not applicable to us.

**Listing**

We have listed our Common Stock on the Nasdaq Global Market under the symbol "OBAI".

**Transfer Agent and Registrar**

The transfer agent and registrar for our Common Stock is VStock Transfer, LLC. The transfer agent and registrar's address is 18 Lafayette Place, Woodmere, New York 11598. The transfer agent and registrar can be contacted by phone at: 212-828-8436.

**SHARES ELIGIBLE FOR FUTURE SALE**

We will have no input if and when any Selling Stockholders may, or may not, elect to sell their shares or the prices at which any such sales may occur.

As of the date of this Prospectus, a total of 20,673,185 shares of our Common Stock are issued and outstanding. Of the 7,500,000 shares registered for resale under the registration statement of which this prospectus forms a part, 418,219 shares are currently outstanding. Approximately 12,191,513 shares of our Common Stock are restricted securities. These restricted securities are eligible for public sale only if they are registered under the Securities Act, including, but not limited to, the shares registered hereunder, or if they qualify for an exemption from registration, including under Rules 144 or 701 under the Securities Act, which are summarized below. Restricted securities also may be sold outside of the United States to non-U.S. persons in accordance with Rule 904 of Regulation S-K. With the exception of shares owned by our directors, officers and certain stockholders, substantially all of our Common Stock may be sold after our initial listing on Nasdaq, either by the Selling Stockholders pursuant to this prospectus or by our other existing stockholders in accordance with Rule 144 of the Securities Act.

**Rule 144**

In general, under Rule 144 as currently in effect, once we have been subject to and in compliance with public company reporting requirements of Section 13 or Section 15(d) of the Exchange Act for at least 90 days, an eligible shareholder is entitled to sell such shares without complying with the manner of sale, volume limitation, or notice provisions of Rule 144, subject to compliance with the public information requirements of Rule 144. To be an eligible shareholder under Rule 144, such shareholder must not be deemed to have been one of our affiliates for purposes of the Securities Act at any time during the 90 days preceding a sale and who has beneficially owned the shares of Common Stock proposed to be sold for at least six months, including the holding period of any prior owner other than our affiliates. If such a person has beneficially owned the shares of Common Stock proposed to be sold for at least one year, including the holding period of any prior owner other than our affiliates, then such person is entitled to sell such shares without complying with any of the requirements of Rule 144.

In general, under Rule 144, as currently in effect, our affiliates or persons selling Common Stock on behalf of our affiliates are entitled to sell shares 90 days after we become a reporting company. Within any three-month period, such shareholders may sell a number of shares that does not exceed the greater of:

● 1% of the number of shares of Common Stock then outstanding, which will equal approximately shares immediately after our registration; or

● the average weekly trading volume of our Common Stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect to such sale.

Sales under Rule 144 by our affiliates or persons selling shares of Common Stock on behalf of our affiliates also are subject to certain manner of sale provisions and notice requirements and to the availability of current public information about us.

**Rule 701**

Rule 701 generally allows a shareholder who was issued shares under a written compensatory plan or contract and who is not deemed to have been our affiliate during the immediately preceding 90 days, to sell these shares in reliance on Rule 144, but without being required to comply with the public information, holding period, volume limitation, or notice provisions of Rule 144. Rule 701 also permits our affiliates to sell their Rule 701 shares under Rule 144 without complying with the holding period requirements of Rule 144. All holders of Rule 701 shares, however, are required by that rule to wait until 90 days after we become a reporting company before selling those shares under Rule 701.

**Registration Statements on Form S-8**

We intend to file one or more registration statements on Form S-8 under the Securities Act to register shares of our Common Stock subject to outstanding stock options or reserved for issuance under our Amended and Restated Equity Plan, as soon as permitted under the Securities Act. Such registration statements will automatically become effective upon filing with the SEC. However, shares registered on Form S-8 may be subject to the volume limitations and the manner of sale, notice, and public information requirements of Rule 144.

**Lock-up Agreements**

Pursuant to the Series D Preferred Stock offering, our Chief Executive Officer, Mr. Doron Kempel has entered into a lock-up agreement with Ascent wherein Mr. Kempel, during the period commencing October 27, 2025 and ending on the date on which 95% or more of the shares of Series D Preferred Stock issued pursuant to the that certain share purchase agreement, dated October 2, 2025, by and between the Company and Ascent, are either redeemed or converted or any combination thereof, has agreed not to (1) offer, pledge, transfer, sell, dispose of, lend, or otherwise grant any interest in any shares of Common Stock, securities convertible into or exercisable for Common Stock, or other Common Stock equivalents (collectively, "***Lock-Up Securities***"), whether now or later owned, directly or indirectly; (2) enter into any swap, derivative, or similar arrangement transferring any economic interest in the Lock-Up Securities; or (3) demand or exercise any registration rights for the Lock-Up Securities, except in connection with this Registration Statement.

The agreement allows for certain customary transfers such as gifts to family, charitable or educational institutions, affiliates and in case of change of control events approved by the Company's board of directors and the transferee remains subject to the restrictions contained in the lock-up agreement.

**Registration Rights**

Pursuant to our Stockholders Agreement, the holders of up to 28,090,905 shares of our Common Stock issuable after the Conversion are entitled to certain piggyback registration rights with respect the registration statement of which this prospectus forms a part. See the section titled "*Description of Capital Stock — Registration Rights*" for a description of these registration rights. If the offer and sale of these shares is registered, the shares will be freely tradable without restriction under the Securities Act and a large number of shares may be sold into the public market.

**SALE PRICE HISTORY OF OUR CAPITAL STOCK**

We have listed our Common Stock on Nasdaq. Prior to the listing of our Common Stock on Nasdaq, there was no public market for our Common Stock. Our Common Stock has had a limited history of trading in private transactions. As of February 10, 2025, the last sale price of our common stock on Nasdaq was $12.00 per share.

**Issuance of Preferred Stock:**

There have been no changes in the sales prices of any series of our Preferred Stock, as each was sold at a fixed price.

**Series Seed Preferred Units**

 

On June 28, 2017, we issued an aggregate of 60,000,000 shares of series seed preferred units in a private placement for gross proceeds of $3,000,000 at $0.05000 per share (1).

On January 9, 2018, we issued an aggregate of 21,261,249 shares of series seed preferred units in a private placement for gross proceeds of $3,000,999 at $0.14110 per share (1).

On June 19, 2018, we issued an aggregate of 3,009,328 shares of series seed preferred units in a private placement for gross proceeds of $1,000,000 at $0.283323 per share (1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Following the Company's reverse stock splits in 2023 and 2025, these shares (Series Seed Preferred Units and Series A Preferred Stock) would represent an aggregate of 988,868 shares of Common Stock, upon adjustment as of September 30, 2025.

**Series A Preferred Stock**

 

On October 1, 2018, we issued an aggregate of 1,747,749 shares of Series A preferred stock in a private placement for gross proceeds of $41,748,419, representing a price of $23.88696 per share after retroactive adjustment for reverse splits undertaken in 2023 and 2025.

**Series B Preferred Stock**

 

On November 17, 2023, we issued an aggregate of 22,702,513 shares of preferred stock in a private placement under Rule 506(c) of Regulation D to accredited investors for gross proceeds of $44,977,011 (including the amount of debt converted which was outstanding under convertible notes) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● (i) 2,051,575 shares of Series B-1 Preferred Stock were issued for total consideration of $3,006,000 at $1.462533 per share as part of the initial closing, (ii) 2,155,398 shares of Series B-1 Preferred Stock were issued upon the conversion of debt amounting to $3,152,340 into equity, at a price per stock of $1.462533, and (iii) 1,947,074 shares of Series B-1 Preferred Stock were issued upon the conversion of Convertible Promissory Notes amounting to $2,847,659, at a price per stock of $1.462533.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 9,154,383 shares of Series B-2 Preferred Stock with par value of $0.0001 each, at a price per stock of $1.31628, which were issued upon the conversion of approximately $12,049,732 (comprising of $11,362,500 as the principal outstanding amount and $687,232 as interest) in Convertible Notes to a group of eleven (11) persons; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 7,394,085 shares of Series B-3 Preferred Stock with par value of $0.0001 each, at a price per stock of $1.462533, which were issued upon the conversion of approximately $10,809,146 in Convertible Notes to thirty-two (32) persons. On December 29, 2023, we repurchased 242,955 shares of Series B-3 Preferred Stock from Omidyar Technology Ventures, LLC for $1 resulting in an aggregate of 7,151,130 shares of Series B-3 Preferred Stock issued and outstanding.

As part of this issuance, all previous preferred units and stock were converted into Common Stock. Additionally, in early 2024, 2,050,895 shares of Series B-1 Preferred Stock were issued for a total consideration of $3,000,000 at $1.462533 per share by way of five (5) additional closings to four (4) persons.

**Series B-1 Warrants**

On November 17, 2023, we issued an aggregate of 247,145 shares of Series B-1 Warrants with par value of $0.0001, in connection with the Series B Preferred Stock. The Series B-1 Warrants have an exercise price of $1.462533 per share.

Each share of Series B-1 Warrant shall be convertible, at the option of the holder, at any time after the date on which such warrant was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the value of the warrant (meaning aggregate fair market value of warrants less the aggregate exercise price of warrant) at the time the conversion by the fair market value of one warrant share, as defined therein.

Each share of Series B-1 Warrant shall automatically (i) convert into Common Stock upon a merger or sale of assets where the fair market value of one warrant share is greater than exercise price, unless the warrant holder prior to such an event elects otherwise, (ii) convert into Common Stock upon the expiration date, if the fair market value of one warrant share is greater than exercise price, or (iii) expire upon a merger or sale of assets where the fair market value of one warrant share is less than exercise price, and the warrant holder does not exercise the warrants upon notice.

In the event that the Company issues any new securities, for a consideration per stock lower than the applicable conversion price of the Series B-1 Warrants, the applicable conversion price for the Series B-1 Warrants shall be readjusted to reflect the lower consideration paid for the Series B-1 Warrants.

**Series CF-1 Preferred Stock**

On June 21, 2024, we entered into a listing agreement, under Regulation Crowdfunding whereby the Company agreed to sell securities to eligible investors through a funding portal by way of a special purpose vehicle. As part of the offering, we offered up to 2,354,681 Series CF-1 Preferred Stock, $0.0001 par value per Share at a purchase price of $2.12343 per share with a maximum amount of $5,000,000 to be raised.

The offering was closed on April 30, 2025, and we issued an aggregate of 957,102 shares of Series CF-1 Preferred Stock for gross proceeds of $2,032,000.

On September 2024, in parallel to Reg CF and under the same terms, the Company offered to sell securities under Rule 506(c) of Regulation D to accredited investors. The offering was closed on June 17, 2025, we issued an aggregate of 2,411,364 shares of Series CF-1 Preferred Stock for gross proceeds of $5,120,000.

**Series CF-2 Preferred Stock**

On July 9, 2025, we entered into a listing agreement, under Regulation Crowdfunding whereby the Company agreed to sell securities to eligible investors through a funding portal by way of a special purpose vehicle. As part of the offering, we offered up to 219,955 Series CF-2 Preferred Stock, $0.0001 par value per Share at a purchase price of $3.864435 per share with a maximum amount of $850,000 to be raised.

The offering was closed on September 5, 2025, and we issued an aggregate of 212,033 shares of Series CF-2 Preferred Stock for gross proceeds of approximately $818,789.

On July 18, 2025, in parallel to Reg CF and under the same terms, the Company offered to sell securities under Rule 506(c) of Regulation D to accredited investors.

The offering was closed on September 5, 2025 without the issuance of any shares of Series CF-2 Preferred Stock.

**Series CF-2 Warrants**

On September 5, 2025, as part of the Series CF-2 offering, we issued warrants to purchase an aggregate of 87,681 shares of Common Stock. The Series CF-2 Warrants have an exercise price of $3.8643 per share and are exercisable upon the Company's listing on a national securities exchange and for two (2) years thereafter.

**Series F Preferred Stock**

On June 19, 2025, we issued an aggregate of 10,000 shares of Series F Preferred Stock with par value of $0.0001 to Doron Kempel in exchange for his surrender of an equal number of shares of Common Stock.

**Series C Preferred Stock and Warrants**

On June 25, 2025, we issued an aggregate of 329,671 shares of Series C Preferred Stock with par value of $0.0001, together with warrants to purchase 1,333,335 shares of Common Stock, for an aggregate consideration of $3,000,000 to Ascent Partners Fund LLC resulting in an average price of $2.0265 per share. The warrants are exercisable at a price of $3.2475 per share, with expiration dates as follows: 333,334 warrants have an expiration date of eight (8) months, 333,334 warrants have an expiration date of sixteen (16) months, and 666,667 warrants have an expiration date of two (2) years from the issuance date.

The warrants may not be exercised on a cashless basis unless, upon the listing of the Company's common stock on any recognized stock exchange pursuant to an effective registration statement, there is no effective registration statement covering, or no current prospectus available for, the free resale of the warrant exercise shares by the holder.

The foregoing description of the Series C Preferred Stock and warrants are qualified in their entirety by reference to the Securities Purchase Agreement, Certificate of Designations, Preferences and Rights of the Series C Convertible Preferred Stock, and three (3) warrants to purchase shares of Common Stock, copies of which are filed as Exhibits 3.6, 4.4, 4.5, 4.6 and 10.4 hereto and incorporated by reference herein.

**Series E Preferred Stock**

On August 6, 2025, we issued an aggregate of 682,770 shares of Series E Preferred Stock with par value of $0.0001 to Eastward by converting an outstanding amount of approximately $6,827,698.

The foregoing description of the Series E Preferred Stock is qualified in its entirety by reference to the Securities Purchase and Conversion Agreement, Waiver and Twenty-Seventh Amendment to Loan and Security Agreement and Certificate of Designations, Preferences and Rights of the Series E Convertible Preferred Stock, copies of which are filed as Exhibits 10.10, 10.9 and 3.10 hereto, respectively, and are incorporated by reference herein.

**Series D Preferred Stock and Warrants**

On October 27, 2025, we issued an aggregate of 109,891 shares of Series D Preferred Stock with par value of $0.0001, together with warrants to purchase 25,000,000 shares of Common Stock, for an aggregate consideration of $1,000,000 to Ascent Partners Fund LLC. The warrants are exercisable at a price of $12.35 per share, with expiration dates as follows: 16,000,000 warrants have an expiration date of nine (9) months, 3,000,000 warrants have an expiration date of sixteen (16) months, and 6,000,000 warrants have an expiration date of two (2) years from the issuance date. On December 1, 2025, we issued 32,967 additional shares of Series D Preferred Stock to Ascent for additional consideration of $300,000. On December 12, 2025, we issued 49,451 additional shares of Series D Preferred Stock for additional consideration of $450,000. On December 22, 2025, we issued 32,967 additional shares of Series D Preferred Stock to Ascent for additional consideration of $300,000. On January 12, 2026, we issued 93,407 additional shares of Series D Preferred Stock to Ascent for additional consideration of $850,000. On January 30, 2026, we issued 131,867 additional shares of Series D Preferred Stock for consideration of $1,200,000.

The warrants may not be exercised on a cashless basis unless, upon the listing of the Company's common stock on any recognized stock exchange pursuant to an effective registration statement, there is no effective registration statement covering, or no current prospectus available for, the free resale of the warrant exercise shares by the holder.

The foregoing description of the Series D Preferred Stock and warrants are qualified in their entirety by reference to the Securities Purchase Agreement, Certificate of Designations, Preferences and Rights of the Series D Convertible Preferred Stock, and three (3) warrants to purchase shares of Common Stock, copies of which are filed as Exhibits 3.12, 4.7, 4.8, 4.9 and 10.12 hereto and incorporated by reference herein.

While Maxim Group LLC, in its capacity as our financial advisor, is expected to consider this information in connection with setting the opening public price of our Common Stock, this information may have little or no relation to broader market demand for our Common Stock and thus the opening public price and subsequent public price of our Common Stock on Nasdaq. As a result, you should not place undue reliance on these historical private sale prices as it may differ materially from the opening public price and subsequent public price of our Common Stock on Nasdaq.

On the day that our shares of Common Stock are initially listed on Nasdaq, Maxim Group LLC, in its capacity as our financial advisor, will determine when our shares of Common Stock are ready to trade and to approve proceeding with the opening of trading at the Current Reference Price. If the Maxim does not approve proceeding at the Current Reference Price (for example, due to the absence of adequate pre-opening buy and sell interest), Maxim will request that Nasdaq delay the opening until such a time that sufficient price discovery has been made to ensure that a reasonable amount of volume crosses on the opening trade.

**MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK**

The following discussion is a summary of the material U.S. federal income tax consequences to non-U.S. holders (as defined below) of the acquisition, ownership, and disposition of our Common Stock. This discussion is not a complete analysis of all potential U.S. federal income tax consequences relating thereto, does not address the potential application of the Medicare contribution tax on net investment income or the alternative minimum tax, and does not address any estate or gift tax consequences or any tax consequences arising under any state, local, or foreign tax laws, or any other U.S. federal tax laws. This discussion is based on the U.S. Internal Revenue Code of 1986, as amended (the "***Code***"), Treasury regulations promulgated thereunder, judicial decisions, and published rulings and administrative pronouncements of the Internal Revenue Service (the "***IRS***"), all as in effect as of the date of this prospectus. These authorities are subject to differing interpretations and may change, possibly retroactively, resulting in U.S. federal income tax consequences different from those discussed below. We have not requested a ruling from the IRS with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS or a court will agree with such statements and conclusions.

This discussion is limited to non-U.S. holders who purchase our Common Stock pursuant to this prospectus and who hold our Common Stock as a "capital asset" within the meaning of Section 1221 of the Code (generally, property held for investment). This discussion does not address all of the U.S. federal income tax consequences that may be relevant to a particular holder in light of such holder's particular circumstances. This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including:

● certain former citizens or long-term residents of the United States;

● partnerships or other pass-through entities (and investors therein);

● "controlled foreign corporations;"

● "passive foreign investment companies;"

● corporations that accumulate earnings to avoid U.S. federal income tax;

● banks, financial institutions, investment funds, insurance companies, brokers, dealers, or traders in securities;

● tax-exempt organizations and governmental organizations;

● tax-qualified retirement plans;

● persons subject to special tax accounting rules under Section 451(b) of the Code;

● persons who hold or receive our Common Stock pursuant to the exercise of any employee stock option or otherwise as compensation;

● "qualified foreign pension funds" as defined in Section 897(l)(2) of the Code and entities all of the interests of which are held by qualified foreign pension funds;

● persons that own, or have owned, actually or constructively, more than 5% of our Common Stock;

● persons who have elected to mark securities to market; and

● persons holding our Common Stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy or integrated investment.

If an entity or arrangement that is classified as a partnership for U.S. federal income tax purposes holds our Common Stock, the U.S. federal income tax treatment of a partner in the partnership will generally depend on the status of the partner and the activities of the partnership. Partnerships holding our Common Stock and the partners in such partnerships are urged to consult their own tax advisors about the particular U.S. federal income tax consequences to them of holding and disposing of our Common Stock.

**THIS DISCUSSION IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT ADVICE. PROSPECTIVE INVESTORS SHOULD CONSULT THEIR OWN TAX ADVISORS REGARDING THE PARTICULAR U.S. FEDERAL INCOME TAX CONSEQUENCES TO THEM OF ACQUIRING, OWNING, AND DISPOSING OF OUR COMMON STOCK, AS WELL AS ANY TAX CONSEQUENCES ARISING UNDER ANY STATE, LOCAL, OR FOREIGN TAX LAWS AND ANY OTHER U.S. FEDERAL TAX LAWS. IN ADDITION, SIGNIFICANT CHANGES IN U.S. FEDERAL TAX LAWS WERE RECENTLY ENACTED. PROSPECTIVE INVESTORS SHOULD ALSO CONSULT WITH THEIR TAX ADVISORS WITH RESPECT TO SUCH CHANGES IN U.S. TAX LAW AS WELL AS POTENTIAL CONFORMING CHANGES IN STATE TAX LAWS.**

**Definition of Non-U.S. Holder**

For purposes of this discussion, a non-U.S. holder is any beneficial owner of our Common Stock that is not a "U.S. person" or a partnership (including any entity or arrangement treated as a partnership) for U.S. federal income tax purposes. A U.S. person is any person that, for U.S. federal income tax purposes, is or is treated as any of the following:

● an individual who is a citizen or resident of the United States;

● a corporation (or any entity treated as a corporation for U.S. federal income tax purposes) created or organized under the laws of the United States, any state thereof or the District of Columbia;

● an estate, the income of which is subject to U.S. federal income tax regardless of its source; or

● a trust (i) whose administration is subject to the primary supervision of a U.S. court and which has one or more U.S. persons who have the authority to control all substantial decisions of the trust, or (ii) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person.

**Distributions on Our Common Stock**

As described under the section titled "*Dividend Policy*," we have never declared or paid dividends on our Common Stock and do not anticipate paying dividends in the foreseeable future. However, if we make cash or other property distributions on our Common Stock, such distributions will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Amounts that exceed such current and accumulated earnings and profits and, therefore, are not treated as dividends for U.S. federal income tax purposes will constitute a return of capital and will first be applied against and reduce a holder's tax basis in our Common Stock, but not below zero. Any excess amount distributed will be treated as gain realized on the sale or other disposition of our Common Stock and will be treated as described under the section titled "—*Gain On Disposition of Our Common Stock*" below.

Subject to the discussion below regarding effectively connected income, backup withholding and FATCA (as defined under the section titled "—Withholding on Foreign Entities" below), dividends paid to a non-U.S. holder of our Common Stock generally will be subject to U.S. federal withholding tax at a rate of 30% of the gross amount of the dividends or such lower rate specified by an applicable income tax treaty. To receive the benefit of a reduced treaty rate, a non-U.S. holder must furnish us or our withholding agent a valid IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form) certifying such holder's qualification for the reduced rate. This certification must be provided to us or our withholding agent before the payment of dividends and must be updated periodically. If the non-U.S. holder holds the stock through a financial institution or other agent acting on the non-U.S. holder's behalf, the non-U.S. holder will be required to provide appropriate documentation to the agent, which then will be required to provide certification to us or our withholding agent, either directly or through other intermediaries.

If a non-U.S. holder holds our Common Stock in connection with the conduct of a trade or business in the United States, and dividends paid on our Common Stock are effectively connected with such holder's U.S. trade or business (and are attributable to such holder's permanent establishment or fixed base in the United States if required by an applicable tax treaty), the non-U.S. holder will be exempt from U.S. federal withholding tax. To claim the exemption, the non-U.S. holder must generally furnish a valid IRS Form W-8ECI (or applicable successor form) to the applicable withholding agent.

However, any such effectively connected dividends paid on our Common Stock generally will be subject to U.S. federal income tax on a net income basis at the regular U.S. federal income tax rates in the same manner as if such holder were a resident of the United States. A non-U.S. holder that is a foreign corporation also may be subject to an additional branch profits tax equal to 30% (or such lower rate specified by an applicable income tax treaty) of its effectively connected earnings and profits for the taxable year, as adjusted for certain items.

Non-U.S. holders that do not provide the required certification on a timely basis, but that qualify for a reduced treaty rate, may obtain a refund of any excess amounts withheld by timely filing an appropriate claim for refund with the IRS.

Non-U.S. holders should consult their own tax advisors regarding any applicable income tax treaties that may provide for different rules.

**Gain on Disposition of Our Common Stock**

Subject to the discussion below regarding backup withholding and FATCA, a non-U.S. holder generally will not be subject to U.S. federal income tax on any gain realized on the sale or other disposition of our Common Stock, unless:

● the gain is effectively connected with the non-U.S. holder's conduct of a trade or business in the United States and, if required by an applicable income tax treaty, is attributable to a permanent establishment or fixed base maintained by the non-U.S. holder in the United States;

● the non-U.S. holder is a nonresident alien individual present in the United States for 183 days or more during the taxable year of the disposition, and certain other requirements are met; or

● our Common Stock constitutes a "United States real property interest" by reason of our status as a United States real property holding corporation ("  ***USRPHC*** "), for U.S. federal income tax purposes at any time within the shorter of the five-year period preceding the disposition or the non-U.S. holder's holding period for our Common Stock, and our Common Stock is not regularly traded on an established securities market during the calendar year in which the sale or other disposition occurs.

Determining whether we are a USRPHC depends on the fair market value of our U.S. real property interests relative to the fair market value of our other trade or business assets and our foreign real property interests. We believe that we are not currently and do not anticipate becoming a USRPHC for U.S. federal income tax purposes, although there can be no assurance we will not in the future become a USRPHC.

Gain described in the first bullet point above generally will be subject to U.S. federal income tax on a net income basis at the regular U.S. federal income tax rates in the same manner as if such holder were a resident of the United States. A non-U.S. holder that is a foreign corporation also may be subject to an additional branch profits tax equal to 30% (or such lower rate specified by an applicable income tax treaty) of its effectively connected earnings and profits for the taxable year, as adjusted for certain items. Gain described in the second bullet point above will be subject to U.S. federal income tax at a flat 30% rate (or such lower rate specified by an applicable income tax treaty), but may be offset by certain U.S.-source capital losses (even though the individual is not considered a resident of the United States), provided that the non-U.S. holder has timely filed U.S. federal income tax returns with respect to such losses. Gain described in the third bullet point above will generally be subject to U.S. federal income tax in the same manner as gain that is effectively connected with the conduct of a U.S. trade or business (subject to any provisions under an applicable income tax treaty), except that the branch profits tax generally will not apply. Non-U.S. holders should consult their tax advisors regarding any applicable income tax treaties that may provide for different rules.

**Information Reporting and Backup Withholding**

Annual reports are required to be filed with the IRS and provided to each non-U.S. holder indicating the amount of dividends on our Common Stock paid to such holder and the amount of any tax withheld with respect to those dividends. These information reporting requirements apply even if no withholding was required because the dividends were effectively connected with the holder's conduct of a U.S. trade or business, or withholding was reduced or eliminated by an applicable income tax treaty. This information also may be made available under a specific treaty or agreement with the tax authorities in the country in which the non-U.S. holder resides or is established. Backup withholding, currently at a 24% rate, generally will not apply to payments to a non-U.S. holder of dividends on or the gross proceeds of a disposition of our Common Stock provided the non-U.S. holder furnishes the required certification for its non-U.S. status, such as by providing a valid IRS Form W-8BEN, IRS Form W-8BEN-E, or IRS Form W-8ECI (or applicable successor form), or certain other requirements are met. Backup withholding may apply if the payor has actual knowledge, or reason to know, that the holder is a U.S. person who is not an exempt recipient.

Backup withholding is not an additional tax. If any amount is withheld under the backup withholding rules, the non-U.S. holder should consult with a U.S. tax advisor regarding the possibility of and procedure for obtaining a refund or a credit against the non-U.S. holder's U.S. federal income tax liability, if any.

**Withholding on Foreign Entities**

Sections 1471 through 1474 of the Code and the Treasury regulations promulgated thereunder (collectively, "***FATCA***") impose a U.S. federal withholding tax of 30% on certain payments made to a "foreign financial institution" (as specially defined under these rules) unless such institution enters into an agreement with the U.S. government to withhold on certain payments and to collect and provide to the U.S. tax authorities substantial information regarding certain U.S. account holders of such institution (which includes certain equity and debt holders of such institution, as well as certain account holders that are foreign entities with U.S. owners) or an exemption applies. FATCA also generally will impose a U.S. federal withholding tax of 30% on certain payments made to a non-financial foreign entity unless such entity either certifies that it does not have any "substantial United States owners" as defined in the Code or provides the withholding agent a certification identifying certain direct and indirect U.S. owners of the entity or an exemption applies. An intergovernmental agreement between the United States and an applicable foreign country may modify these requirements. Under certain circumstances, a non-U.S. holder might be eligible for refunds or credits of such taxes. The withholding provisions described above currently apply to payments of dividends on our Common Stock. Prior to the issuance of proposed Treasury regulations described below, withholding taxes under FATCA would have also applied to gross proceeds from sales or other disposition of our Common Stock. However, the U.S. Treasury Department's proposed regulations that, if finalized in their present form, would eliminate the federal withholding tax of 30% applicable to the gross proceeds of a sale or other disposition of our Common Stock. In its preamble to such proposed regulations, the U.S. Treasury Department stated that taxpayers (including withholding agents) may generally rely on the proposed regulations until they are revoked or final regulations are issued.

Under certain circumstances, a non-U.S. holder might be eligible for refunds or credits of such taxes. Prospective investors should consult with their own tax advisors regarding the possible implications of FATCA on an investment in our Common Stock.

**PLAN OF DISTRIBUTION**

The Selling Stockholders, and their pledgees, donees, transferees, assignees, or other successors in interest may sell their shares of Common Stock covered hereby pursuant to brokerage transactions on Nasdaq, or other public exchanges or registered alternative trading venues, at prevailing market prices at any time after the Common Stock are listed for trading. We are not party to any arrangement with any Selling Stockholder or any broker-dealer with respect to sales of shares of Common Stock by the Selling Stockholders. As such, we do not anticipate receiving notice as to if and when any Selling Stockholder may, or may not, elect to sell their shares of Common Stock or the prices at which any such sales may occur, and there can be no assurance that any Selling Stockholders will sell any or all of their shares of Common Stock covered by this prospectus.

The Selling Stockholders may sell all or a portion of the shares of Common Stock held by them and offered hereby from time to time directly or through one or more underwriters, broker-dealers or agents. If the shares of Common Stock are sold through underwriters or broker-dealers, the Selling Stockholders will be responsible for underwriting discounts or commissions or agent's commissions. The shares of Common Stock may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale or at negotiated prices. These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following methods:

● on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale;

● in the over-the-counter market;

● in transactions otherwise than on these exchanges or systems or in the over-the-counter market;

● through the writing or settlement of options, whether such options are listed on an options exchange or otherwise;

● ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

● block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

● purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

● an exchange distribution in accordance with the rules of the applicable exchange;

● privately negotiated transactions;

● short sales made after the date the Registration Statement is declared effective by the SEC;

● broker-dealers may agree with a selling security holder to sell a specified number of such shares at a stipulated price per share;

● a combination of any such methods of sale; and

● any other method permitted pursuant to applicable law.

The Selling Stockholders may also sell shares of Common Stock under Rule 144 promulgated under the Securities Act of 1933, as amended, if available, rather than under this prospectus. In addition, the Selling Stockholders may transfer the shares of Common Stock by other means not described in this prospectus. If the Selling Stockholders effect such transactions by selling shares of Common Stock to or through underwriters, broker-dealers or agents, such underwriters, broker-dealers or agents may receive commissions in the form of discounts, concessions or commissions from the Selling Stockholders or commissions from purchasers of the shares of Common Stock for whom they may act as agent or to whom they may sell as principal (which discounts, concessions or commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary in the types of transactions involved). In connection with sales of the shares of Common Stock or otherwise, the Selling Stockholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of Common Stock in the course of hedging in positions they assume. The Selling Stockholders may also sell shares of Common Stock short and deliver shares of Common Stock covered by this prospectus to close out short positions and to return borrowed shares in connection with such short sales. The Selling Stockholders may also loan or pledge shares of Common Stock to broker-dealers that in turn may sell such shares.

The Selling Stockholders may pledge or grant a security interest in some or all of the shares of Common Stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of Common Stock from time to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act amending, if necessary, the list of Selling Stockholders to include the pledgee, transferee or other successors in interest as Selling Stockholders under this prospectus. The Selling Stockholders also may transfer and donate the shares of Common Stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.

To the extent required by the Securities Act and the rules and regulations thereunder, the Selling Stockholders and any broker-dealer participating in the distribution of the shares of Common Stock may be deemed to be "underwriters" within the meaning of the Securities Act, and any commission paid, or any discounts or concessions allowed to, any such broker-dealer may be deemed to be underwriting commissions or discounts under the Securities Act. At the time a particular offering of the shares of Common Stock is made, a prospectus supplement, if required, will be distributed, which will set forth the aggregate amount of shares of Common Stock being offered and the terms of the offering, including the name or names of any broker-dealers or agents, any discounts, commissions and other terms constituting compensation from the Selling Stockholders and any discounts, commissions or concessions allowed or re-allowed or paid to broker-dealers.

Under the securities laws of some states, the shares of Common Stock may be sold in such states only through registered or licensed brokers or dealers. In addition, in some states the shares of Common Stock may not be sold unless such shares have been registered or qualified for sale in such state or an exemption from registration or qualification is available and is complied with.

There can be no assurance that any Selling Stockholder will sell any or all of the shares of Common Stock registered pursuant to the registration statement, of which this prospectus forms a part.

The Selling Stockholders and any other person participating in such distribution will be subject to applicable provisions of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, including, without limitation, to the extent applicable, Regulation M of the Exchange Act, which may limit the timing of purchases and sales of any of the shares of Common Stock by the Selling Stockholders and any other participating person. To the extent applicable, Regulation M may also restrict the ability of any person engaged in the distribution of the shares of Common Stock to engage in market-making activities with respect to the shares of Common Stock. All of the foregoing may affect the marketability of the shares of Common Stock and the ability of any person or entity to engage in market-making activities with respect to the shares of Common Stock.

We will pay all expenses of the registration of the shares of Common Stock pursuant to the registration rights agreement. Securities and Exchange Commission filing fees and expenses of compliance with state securities or "blue sky" laws; provided, however, a selling shareholder will pay all underwriting discounts and selling commissions, if any. We will indemnify the selling shareholders against liabilities, including some liabilities under the Securities Act in accordance with the registration rights agreements or the selling shareholders will be entitled to contribution. We may be indemnified by the Selling Stockholders against civil liabilities, including liabilities under the Securities Act that may arise from any written information furnished to us by the Selling Stockholder specifically for use in this prospectus, in accordance with the related registration rights agreements or we may be entitled to contribution.

Once sold under the registration statement, of which this prospectus forms a part, the shares of Common Stock will be freely tradable in the hands of persons other than our affiliates.

We will not receive any proceeds from the sale of shares of Common Stock by the Selling Stockholders.

**LEGAL MATTERS**

The validity of the shares of Common Stock offered hereby and certain other legal matters will be passed upon for the registrant by The Crone Law Group, P.C., New York, New York.

**EXPERTS**

The financial statements for the years ended December 31, 2024 and 2023 included in this prospectus have been audited by M&K CPAs PLLC, an independent registered public accounting firm, as set forth in their report appearing herein, and included in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

**WHERE YOU CAN FIND ADDITIONAL INFORMATION**

We have filed with the SEC a registration statement on Form S-1 under the Securities Act, with respect to the shares of Common Stock covered by this prospectus. This prospectus, which constitutes a part of the registration statement, does not contain all of the information set forth in the registration statement or the exhibits filed therewith. For further information about us and our Common Stock, we refer you to the registration statement and the exhibits filed therewith. Statements contained in this prospectus regarding the contents of any contract or any other document that is filed as an exhibit to the registration statement are not necessarily complete, and in each instance, we refer you to the copy of such contract or other document filed as an exhibit to the registration statement. The SEC maintains a website that contains reports, proxy, and information statements, and other information regarding registrants that file electronically with the SEC. The address of the website is <u>www.sec.gov</u>.

Upon the effectiveness of the registration statement of which this prospectus forms a part, we have become subject to the information and reporting requirements of the Exchange Act and, in accordance with this law, will file periodic reports, proxy statements, and other information with the SEC. These periodic reports, proxy statements, and other information will be available for inspection and copying at the website of the SEC referred to above. We also maintain a website at <u>https://www.ourbond.com/</u>. You may access these materials free of charge as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC. The inclusion of our website address in this prospectus is an inactive textual reference only. The information contained in or accessible through our website is not part of this prospectus or the registration statement of which this prospectus forms a part, and investors should not rely on such information in making a decision to purchase shares of our Common Stock.

**INDEX TO CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
|  | **Page** |
| [Report of Independent Registered Public Accounting Firm](#fin_001)(PCAOB ID NO. 2738) | F-2 |
| [Consolidated Balance Sheets as of December 31, 2025 and 2024](#fin_002) | F-3 |
| [Consolidated Statements of Operations for the Years ended December 31, 2025 and 2024](#fin_003) | F-4 |
| [Consolidated Statements of Changes in Shareholders' Equity (Deficit) for the Years ended December 31, 2025 and 2024](#fin_005) | F-6 |
| [Consolidated Statements of Cash Flows for the Years ended December 31, 2025 and 2024](#fin_006) | F-7 |
| [Notes to Consolidated Financial Statements](#fin_007) | F-8 |

---

![](audit_001.jpg)

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and

Stockholders of Our Bond, Inc.

**Opinion on the Financial Statements**

We have audited the accompanying consolidated balance sheets of Our Bond, Inc and subsidiaries (the Company) as of December 31, 2025 and 2024, and the related consolidated statements of operations, comprehensive loss, stockholders' deficit, and statements of cash flows for each of the years in the two-year period ended December 31, 2025, and the related notes (collectively referred to as the consolidated financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

**Going Concern**

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company suffered a net loss from operations and has a net capital deficiency, which raises substantial doubt about its ability to continue as a going concern. Management's plans regarding those matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

**Critical Audit Matters**

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

***Revenue Recognition***

 ****

As discussed in note 4 to the financial statements, the Company recognizes revenue upon transfer of control of promised services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Auditing management's evaluation of agreements with customers involves significant judgment, given the fact that some agreements require management's evaluation and allocation of the standalone transaction prices to the performance obligations. To evaluate the appropriateness and accuracy of the assessment by management, we evaluated management's assessment in relationship to the relevant agreements.

**/s/ M&K CPAS, PLLC**

We have served as the Company's auditor since 2025.

The Woodlands, TX

March 31, 2026

**OUR BOND INC.**

**CONSOLIDATED BALANCE SHEETS**

(U.S. dollars in thousands, except per share and share amounts)

---

| | | |
|:---|:---|:---|
|  | **December 31,** | **December 31,** |
|  | **2025** | **2024** |
| ASSETS |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $599 | $726 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 1592 | 2232 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 224 | 435 |
| Total current assets | 2415 | 3393 |
| Property and equipment, net | 86 | 105 |
| Total assets | $2501 | $3498 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $2588 | $2590 |
| &nbsp;&nbsp;&nbsp;Deferred revenue, current | 562 | 776 |
| &nbsp;&nbsp;&nbsp;Related party loan | 765 | 1870 |
| &nbsp;&nbsp;&nbsp;Current portion of long-term debt | 1555 |  |
| &nbsp;&nbsp;&nbsp;Accrued and other current liabilities | 2648 | 1967 |
| Total current liabilities | 8118 | 7203 |
| Long-term debt, net of current portion | 5657 | 12808 |
| Total liabilities | 13775 | 20011 |
| Commitments and contingencies (Note 16) |  |  |
| Mezzanine Equity |  |  |
| &nbsp;&nbsp;&nbsp;Convertible Preferred Stock, $0.0001 par value; 1,561,892 shares and 0 shares authorized, at December 31, 2025 and December 31, 2024, respectively, 1,237,717 and 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively | 11389 |  |
| &nbsp;&nbsp;&nbsp;Stockholders' deficit |  |  |
| &nbsp;&nbsp;&nbsp;Series preferred stock, $0.0001 par value; 148,438,108 shares and 88,400,879 shares authorized, at December 31, 2025 and 2024, respectively, 17,494,820 and 26,560,266 shares issued and outstanding as of December 31, 2025 and 2024 respectively | 2 | 3 |
| &nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value; 250,000,000 and 112,000,000 shares authorized at December 31, 2025 and 2024, respectively; 13,896,400 and 2,963,695 shares issued and outstanding as of December 31, 2025 and 2024 respectively | 1 | 1 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | 116556 | 111509 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive income | (70) | 44 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (139152) | (128070) |
| Total stockholders' deficit | (22663) | (16513) |
| Total liabilities, redeemable convertible preferred stock, and stockholders' deficit | $2501 | $3498 |

---

 

*The accompanying notes are an integral part of these consolidated financial statements.*

 

 

**OUR BOND INC.**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

(U.S. dollars in thousands, except per share data)

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Revenue | $9972 | $9736 |
| Cost of revenues | 9406 | 9027 |
| Gross profit | 566 | 709 |
| Operating expenses |  |  |
| &nbsp;&nbsp;&nbsp;Research and development | 2526 | 2713 |
| &nbsp;&nbsp;&nbsp;General and administrative | 5971 | 6162 |
| &nbsp;&nbsp;&nbsp;Sales and marketing | 1321 | 1417 |
| Total operating expenses | 9818 | 10292 |
| Loss from operations | (9252) | (9583) |
| Other income (expense), net: |  |  |
| &nbsp;&nbsp;&nbsp;Financial expense, net | (1262) | (1340) |
| Income before income taxes | (10514) | (10923) |
| Income tax expense | 35 | 94 |
| Net income (loss) | $(10549) | $(11017) |
| Net loss per share – basic and diluted | $(2.23) | $(3.75) |
| Weighted average number of common shares outstanding – basic and diluted | 4969 | 2938 |

---

 

*The accompanying notes are an integral part of these consolidated financial statements.*

 

 

**OUR BOND INC.**

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS**

(U.S. dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Net income (loss) | $(10549) | $(11017) |
| Foreign currency translation adjustments, net of tax | (114) | (32) |
| Comprehensive loss | $(10663) | $(11049) |

---

 

*The accompanying notes are an integral part of these consolidated financial statements.*

 

 

**OUR BOND INC.**

**CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT**

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Stockholders' Deficit** | **Stockholders' Deficit** | **Stockholders' Deficit** | **Stockholders' Deficit** | **Stockholders' Deficit** | **Stockholders' Deficit** | **Stockholders' Deficit** | **Stockholders' Deficit** | **Mezzanine Equity** | **Mezzanine Equity** |
| | **Series Preferred<br> Stock** | **Series Preferred<br> Stock** | **Common Stock<br> Voting** | **Common Stock<br> Voting** | **Additional<br> Paid-in Capital** | **Accumulated Other Comprehensive Income (Loss)** | **Accumulated Deficit** | **Total Stockholders'<br> Deficit** | **Series<br> Preferred<br> Stock** | **Series<br> Preferred<br> Stock** |
| <br>**(U.S. dollars in thousands)** | **Shares** | **Amount** | **Shares** | **Amount** | | | | | **Shares** | **Amount** |
| **Balance as of December 31, 2023** | 22459576 | $3 | 2923915 | $1 | $103292 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76 | $(117053) | $(13681) |  |  |
| &nbsp;&nbsp;&nbsp;Stock based compensation related to options granted to employees and non-employees |  |  |  |  | 961 |  |  | 961 |  |  |
| &nbsp;&nbsp;&nbsp;Exercise of options and vesting of early exercise |  |  | 39780 | \*— |  |  |  | \*— |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of Series B preferred stock | 2050896 | \*— |  |  | 3000 |  |  | 3000 |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of Series CF-1 preferred stock | 2049794 | \*— |  |  | 4256 |  |  | 4256 |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustments, net of tax |  |  |  |  |  | (32) |  | (32) |  |  |
| &nbsp;&nbsp;&nbsp;Net loss |  |  |  |  |  |  | (11017) | (11017) |  |  |
| **Balance as of December 31, 2024** | 26560266 | $3 | 2963695 | $1 | $111509 | $44 | $(128070) | $(16513) |  |  |
| &nbsp;&nbsp;&nbsp;Stock based compensation related to options granted to employees and non-employees |  |  |  |  | 615 |  |  | 615 |  |  |
| &nbsp;&nbsp;&nbsp;Exercise of options and vesting of early exercise |  |  | 891 | \*— | \*— |  |  | \*— |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of common shares for service |  |  | 229650 | \*— | 533 |  |  | 533 |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of Series CF preferred stock | 1318671 |  |  |  | 2753 |  |  | 2753 |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of Series C convertible preferred stock- net of issuance costs |  |  |  |  |  |  |  |  | 329671 | 2746 |
| &nbsp;&nbsp;&nbsp;Issuance of Series D convertible preferred stock- net of issuance costs |  |  |  |  |  |  |  |  | 225276 | 1815 |
| &nbsp;&nbsp;&nbsp;Issuance of Series F preferred stock | 10000 | \*— | (3334) | &nbsp;&nbsp;&nbsp;\*— |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of Series CF-2 Preferred Stock | 212033 |  |  |  | 762 |  |  | 762 |  |  |
| &nbsp;&nbsp;&nbsp;Issuance of Series E Preferred Stock |  |  |  |  |  |  |  |  | 682770 | 6828 |
| &nbsp;&nbsp;&nbsp;Conversion of B-2 Preferred Stock into Common Stock | (7025651) | (1) | 7025651 | \*— |  |  |  | (1) |  |  |
| &nbsp;&nbsp;&nbsp;Conversion of CF-1 and CF2 Preferred Stock into Common Stock non-voting | (3580499) | \*— | 3580499 | \*— |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stock Dividend |  |  | 99348 | \*— | 384 |  | (384) |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash Dividend |  |  |  |  |  |  | (149) | (149) |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustments, net of tax |  |  |  |  |  | (114) |  | (114) |  |  |
| &nbsp;&nbsp;&nbsp;Net income |  |  |  |  |  |  | (10549) | (10549) |  |  |
| &nbsp;&nbsp;&nbsp;**Balance as of December 31, 2025** | 17494820 | $2 | 13896400 | $1 | $116556 | $(70) | $(139152) | $(22663) | 1237717 | 11389 |

---

*\** *)Represents less than $1*

*The accompanying notes are an integral part of these consolidated financial statements.*

 

 

**OUR BOND INC.**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

(U.S. dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(10549) | $(11017) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net income (loss) to net cash flows used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 615 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 53 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock issued for legal and other services | 533 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest related to Convertible Promissory Notes and Loan Facility | 1247 | 1506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 639 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other accounts receivable and prepaid expenses | 105 | (303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (110) | (729) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | (214) | 497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other current liabilities | 759 | 100 |
| &nbsp;&nbsp;&nbsp;Net cash flows used in operating activities | (6922) | (8157) |
| **CASH FLOWS FROM INVESTING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchases and sell of property and equipment | (34) | (62) |
| &nbsp;&nbsp;&nbsp;Net cash flows used in by investing activities | (34) | (62) |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from related party loans | 451 | 1195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments as part of related party loans | (1605) | (910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series B-1 Preferred Stock |  | 3000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series CF-1 Preferred Stock | 2799 | 4352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series CF-1 Preferred Stock fundraising fees | (46) | (97) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series CF-2 Preferred Stock | 819 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series CF-2 Preferred Stock fundraising fees | (57) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series C convertible preferred stock | 3000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series C convertible preferred stock - issuance costs | (254) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series D convertible preferred stock | 2050 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of Series D convertible preferred stock - issuance costs | (126) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash dividends paid | (88) |  |
| &nbsp;&nbsp;&nbsp;Net cash flows provided by financing activities | 6943 | 7540 |
| &nbsp;&nbsp;&nbsp;Effect of exchange rate on cash | (114) | (32) |
| &nbsp;&nbsp;&nbsp;Change in cash, cash equivalents and restricted cash | (127) | (711) |
| &nbsp;&nbsp;&nbsp;Cash, cash equivalents, and restricted cash beginning of period | 726 | 1437 |
| &nbsp;&nbsp;&nbsp;Cash, cash equivalents, and restricted cash end of period | $599 | $726 |
| **SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for income taxes, net | $119 | $48 |
| **SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:** |  |  |
| &nbsp;&nbsp;&nbsp;Conversion of Loan Facility to convertible E Preferred Stocks | $6828 |  |
| &nbsp;&nbsp;&nbsp;Common Stock Dividend | $384 |  |

---

 

*The accompanying notes are an integral part of these consolidated financial statements.*

 

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Note 1 – Nature of Operations**

Headquartered in New York, NY, Our Bond Inc. (the "Company" or "Bond") was originally formed in Delaware on April 11, 2017 under the name TG-17, LLC. In 2018, the Company converted its legal structure to a corporation and changed its name to TG-17, Inc. In February 2026, the Company changed its name to Our Bond Inc. The Company and its subsidiaries provide command center and personal security agent services to U.S.-based clients and worldwide.

Effective September 16, 2025, the Company reincorporated from the State of Delaware to the State of Nevada pursuant to a plan of conversion approved by its board of directors and stockholders. The reincorporation did not result in any change to the Company's name, business operations, management, assets, liabilities, or financial statements, other than the Company now being governed by Nevada law.

The Company developed a new tier of preventative personal security platform enabled by artificial intelligence combined with security personnel agents who are available 24/7 through the Bond Personal Security phone application.

**Note 2 – Basis of Presentation**

These consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The consolidated financial statements include the accounts and operations of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. Certain amounts reported in the prior year financial statements have been reclassified to conform to the current year presentation. These changes in presentation do not affect previously reported results.

The accompanying financial statements have been prepared on a going concern basis. However, the Company has incurred recurring losses and negative operating cash flows, and its current liabilities exceed its current assets as of December 31, 2025. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

Management is pursuing several strategies to mitigate these conditions, including capital raising, and believes that these actions will provide the necessary liquidity for at least the next twelve months. Nevertheless, there can be no assurance that such plans will be successfully implemented or yield the intended financial benefits.

Accordingly, there is a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern, and therefore it may be unable to realize its assets and discharge its liabilities in the normal course of business. The financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

***Use of Estimates***

 ****

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

On an on-going basis, we evaluate our estimates, including those related to accounts receivable, cash equivalents and marketable securities, income taxes, litigation, non-marketable equity securities, other contingencies, property, plant, and equipment, revenue recognition, and stock-based compensation. The Company bases its estimates on historical experience, known trends, and other market-specific or other relevant factors that it believes to be reasonable under the circumstances. On an ongoing basis, management evaluates its estimates when there are changes in circumstances, facts, and experience. Changes in estimates are recorded prospectively in the period in which they become known. Actual results could significantly differ from those estimates.

***Functional Currency in U.S. Dollars***

 ****

The functional currency of the Company is the U.S. dollar, as the U.S. dollar is the currency of the primary economic environment in which the Company has operated and expects to continue to operate in the foreseeable future.

The transactions and balances of the Company denominated in U.S. dollars ("dollars") are presented at their original amounts. Non-dollar transactions and balances have been re measured to U.S. dollars in thousands in accordance with Accounting Standards Codification No. 830, "Foreign Currency Matters" ("ASC 830"). Accordingly, amounts in currencies other than U.S. dollars have been translated as follows:

Monetary balances - at the exchange rate in effect on the balance sheet date.

Non-monetary balances - at the historical rate in effect as of the date of recognition of the transaction.

Costs - at the exchange rate in effect as of the date of recognition of the transaction.

All transaction exchange gains and losses from the remeasurement mentioned above are reflected in the statement of operations in financial income, net

**Note 3 – Recent Accounting Pronouncements**

***Recent Accounting Pronouncements Not Yet Adopted***

 ****

In December 2023, the FASB issued ASU No. 2023-09 *Income Taxes (Topic 740): Improvements to Income Tax Disclosures* ("ASU 2023-09"). ASU 2023-09 requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for public business entities for annual periods beginning after December 15, 2024. For all other entities, the standard is effective for annual periods beginning after December 15, 2025. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03 *Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses* ("ASU 2024-03") a new accounting standard requiring disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. We expect to adopt this standard in our fiscal year 2027 annual report. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements other than additional disclosures.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Note 4 – Significant Accounting Policies**

**Risks and Uncertainties**

Credit Risk

Financial instruments that potentially subject the Company to a concentration of credit risk consist primarily of cash, cash equivalents, and accounts receivable. The Company believes that the quality of financial instruments minimizes the exposure to concentration of credit risk. The Company holds cash, cash equivalents, and restricted cash at several major financial institutions, which may exceed insurance limits set by the Federal Deposit Insurance Corporation ("FDIC"). The Company has not historically experienced any losses due to such concentration of credit risk.

The Company has no significant off-balance sheet risk, such as foreign exchange contracts, options contracts, or other hedging arrangements.

The Company believes its credit policies are prudent and reflect normal industry terms and business risk. The Company's exposure to credit risk for accounts receivable is indicated by the carrying value of its accounts receivable. The Company does not require customers to provide collateral to support accounts receivable. If deemed necessary, credit reviews of significant customers may be performed prior to extending credit. The determination of a customer's ability to pay requires judgment, and failure to collect from a customer can adversely affect revenue, cash, and net earnings. Expected credit losses for uncollectible receivable balances consider both current conditions and reasonable and supportable forecasts of future conditions. Current conditions considered include predefined aging criteria, as well as specified events that indicate the balance due is not collectible. Reasonable and supportable forecasts used in determining the probability of future collections consider publicly available macroeconomic data and whether future credit losses are expected to differ from historical losses. The Company currently does not have an allowance for credit losses and expects to collect the full balance of accounts receivable.

Customer Concentration

Revenue from significant customers, meaning those representing 10% or more of total revenue, was composed of two customers accounting for 51% and 19% of the Company's revenue for the year ended December 31, 2025. One customer accounted for 63% of the Company's revenue for the year ended December 31, 2024. Accounts receivable from significant customers, those representing 10% or more of the total accounts receivable, was composed of two customers accounting for 52% and 31% of the Company's accounts receivable balance as of December 31, 2025. One customer accounted for 69% of the Company's accounts receivable balance as of December 31, 2024.

Other Risks and Uncertainties

The Company is subject to certain other risks and uncertainties, including, but not limited to, changes in any of the following areas that the Company believes could have a material adverse effect on its future financial position or results of operations: the Company's ability to advance the development its products; market acceptance of its products; competition from other companies with greater financial resources or expertise; protection of intellectual property; litigation or claims brought by or made against the Company relating to intellectual property or other factors; and its ability to attract and retain employees necessary to support its growth.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

The Company's business and operations may be affected by worldwide economic conditions, which may continue to be impacted by global macroeconomic challenges, such as the effects of the uncertainty in the financial markets, including disruptions in the banking industry and inflationary trends.

 ****

**Revenue recognition**

The Company recognizes revenue in accordance with ASC 606, *Revenue from Contracts with Customers*, which provides a five-step framework through which revenue is recognized when control of promised goods or services is transferred to a customer at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. To determine revenue recognition for arrangements that the Company concludes are within the scope of ASC 606, management performs the following five steps: (i) identifies the contract(s) with a customer; (ii) identifies the performance obligations in the contract(s); (iii) determines the transaction price, including whether there are any constraints on variable consideration; (iv) allocates the transaction price to the performance obligations; and (v) recognizes revenue when (or as) the Company satisfies a performance obligation.

The Company provides comprehensive security solutions. The company's flagship offering is a cloud-based Software-as-a-Service (SaaS) that delivers a preventative personal security solution platform. Additionally, the Company offers comprehensive and customized services designed to protect clients. These services include, but not limited to, on/off premise guards, assets protection, threat assessments and monitoring and other tailored made security services. Revenue is recognized either over time or at a point in time, depending on the nature of each customer's agreement. For its subscription-based SaaS solution through the Company's platform, revenue is typically recognized over time as services are delivered. In contrast, for performance obligations related to the services described above, we generally satisfy our obligations as each action to provide the service to the customer occurs. Because the customers simultaneously receive and consume the benefits from our services, these performance obligations are deemed to be satisfied at a point of time.

We group the above services offerings into one broad category which generates all of Company's revenue through, primarily, the following sales:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● B2B (or B2G): selling to private or public institutions who use the services in order to protect their people (employees, students, residents, etc.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● B2B2C: selling through or to corporations so they can sell/subsidize/gift Bond services for their own consumers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● DTC: selling directly to consumers.

The Company combines and accounts for multiple contracts as a single contract when they are negotiated together with the same customer at or near the same time in order to achieve a single commercial objective, or when the contracts are related in other ways.

Transaction price may be comprised of fixed consideration and variable consideration. The Company's contracts are typically for fixed consideration.

For all contracts with customers that have more than one performance obligation, the Company allocates the transaction price to each separate performance obligation based on the relative SSP of each performance obligation. The SSP is typically the price at which the Company sells service separately to a customer. The best evidence of an SSP, if available, is the observable price charged in similar circumstances and to similar customers. If an SSP is not directly observable, the Company estimates SSP using various observable inputs including historical internal pricing data and cost-plus expected margin analysis due to the limited standalone sales history.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

Customers engaging in a business-to-business (B2B) arrangement are not entitled to any refunds and remain contractually obligated for the entire duration specified in the agreement. In DTC offering, if a customer does not wish to continue being charged on a recurring monthly or annual basis, they can cancel the applicable paid service before the end of the current billing term and the member will receive a prorated refund for the unused portion of the subscription.

**Cash and Cash Equivalents**

Cash equivalents include short-term highly liquid investments that are readily convertible to cash when originally purchased with maturities of three months or less.

**Fair Value of Financial Instruments**

The carrying value of cash and cash equivalents, restricted cash and short-term deposit, other accounts receivable, trade payables, other accounts payable and accrued expenses approximate their fair values due to the short-term maturities of such instruments. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC 820, "Fair Value Measurements and Disclosures" establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

● Level 1 inputs are quoted prices in active markets for identical assets and liabilities;

● Level 2 inputs, inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or

● Level 3 unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

**Accounts Receivable**

The Company has trade receivables which are recorded at the invoiced amount and do not bear interest. The Company evaluates the collectability of accounts receivable on a regular basis based on economic assessment of market conditions and review of customer financial history. The Company have a history of 100% collection and there wasno allowance for credit losses recorded as of December 31, 2025 and 2024.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Property and Equipment, Net**

Property and equipment are recorded at cost, net of accumulated depreciation. Expenditures for major additions and improvements to property and equipment are capitalized and repairs and maintenance costs are expensed as incurred. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss are included in loss from operations in the period of disposal.

Property and equipment are depreciated using the straight-line method over the estimated useful lives of the property and equipment as follows:

---

| | |
|:---|:---|
| **Asset Category** | **Useful Life (Years)** |
| Computer equipment | 3 |
| Furniture and fixtures | 14 |
| Electronic equipment | 3 – 7 |
| Leasehold improvements | Lesser of estimated useful life or remaining lease term |

---

Estimated useful lives are periodically assessed to determine if changes are appropriate.

**Leases**

The Company determines if an arrangement is or contains a lease at inception. Operating leases with lease terms of more than 12 months are included in operating lease assets, accrued and other current liabilities, and long-term operating lease liabilities on our consolidated balance sheet. Operating lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments over the lease term.

Operating lease assets and liabilities are recognized based on the present value of the remaining lease payments discounted using our incremental borrowing rate. Operating lease assets also include initial direct costs incurred and prepaid lease payments, minus any lease incentives. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense is recognized on a straight-line basis over the lease term.

**Impairment of Long-Lived Assets**

The Company assesses the recoverability of its long-lived assets, including property and equipment and right-of-use assets, for indicators of impairment. If events or changes in circumstances indicate impairment, the Company measures recoverability by a comparison of the asset's carrying amount to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. When quoted market prices are not available, the Company uses the expected future cash flows discounted at a rate commensurate with the risks associated with the recovery of the asset as an estimate of fair value. No impairment of long-lived assets was identified for the years ended December 31, 2025 and 2024.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Research and Development Costs**

Research and development costs are expensed in the period incurred. Research and development expenses primarily consist of costs incurred in performing research and development activities and include salaries, stock-based compensation, employee benefits, system qualification and testing incurred before releasing new system designs into production, depreciation and amortization, professional services fees, and facilities expenses.

The Company expenses software development costs before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and as a result, development costs that meet the criteria for capitalization were not material for the periods presented.

**Severance Pay**

All the Israeli Company's employees elected to be included under Section 14 of the Israeli Severance Compensation Act, 1963 ("Section 14"). According to Section 14, these employees are entitled only to monthly deposits, at a rate of 8.33% of their monthly salary, made in their name with insurance companies. Payments in accordance with Section 14 release the Company from any future severance payments (under the above Israeli Severance Compensation Law) in respect of those employees. These deposits are not recorded as an asset in the Company's balance sheet.

**Income Taxes**

The Company applies the provisions set forth in FASB ASC Topic 740, Income Taxes, to account for the uncertainty in income taxes. In the preparation of income tax returns in federal and state jurisdictions, the Company asserts certain tax positions based on its understanding and interpretation of income tax laws. The taxing authorities may challenge these positions, and the resolution of the matters could result in recognition of income tax expense in the Company's consolidated financial statements. Management believes it has used reasonable judgments and conclusions in the preparation of its income tax returns.

The Company uses the "more likely than not" criterion for recognizing the income tax benefit of uncertain income tax positions and to establish measurement criteria for income tax benefits. The Company has evaluated the impact of its tax positions and believes its income tax filing positions and deductions will be sustained upon examination. Accordingly, no reserves for uncertain income tax positions or related accruals for interest and penalties have been recorded as of December 31, 2024. In the event the Company should need to recognize interest and penalties related to unrecognized tax liabilities, this amount will be recorded as an accrued liability and an increase to income tax expense.

The Company's net deferred income tax assets as of December 31, 2025, and December 31, 2024, were $27,630,000 and $25,090,000, respectively, which have been fully offset by a valuation allowance, as their realization is not reasonably assured. These deferred income tax assets consist primarily of net operating losses and R&D tax credits that may be carried forward to offset future income tax liabilities. The Company has federal and state net operating loss carryforwards of approximately $93,087,000 and $70,316,000, respectively, as of December 31, 2025. Federal net operating losses may be carried forward indefinitely. The state net operating loss carryforwards begin to expire in 2035. As of December 31, 2025, the Company also had federal research and development income tax credits of approximately $350,000. The federal tax credits may be carried forward until 2039.

Section 382 and 383 of the Code limits the annual use of net operating loss and income tax credit carryforwards, respectively. In addition, Section 382 further limits the use of net operating losses in certain situations where changes occur in the stock ownership of a company.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

If the Company should have an ownership change of more than 50% of the value of the Company's capital stock, utilization of these net operating loss carryforwards could be restricted. The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. The Company is subject to examination by the Internal Revenue Service, or IRS, and various state tax authorities. The Company remains subject to examination of its federal income tax returns and various state income tax returns for the periods since inception.

For tax years beginning after December 31, 2021, the Tax Cuts and Jobs Act of 2017 requires taxpayers to capitalize and amortize research and development costs pursuant to IRC Section 174. Section 174 requires taxpayers to capitalize research and development costs and amortize them over 5 years for expenditures attributed to domestic research and 15 years for expenditures attributed to foreign research. During the year ended December 31, 2024, the Company capitalized research and development expenses under Section 174. Although Congress is considering legislation that would reinstate and extend Section 174 expensing for certain research and experimental expenditures, the possibility that this will happen is uncertain.

On July 4, 2025, H.R. 1, commonly referred to as the "One Big Beautiful Bill Act" ("OBBBA") was signed into law, enacting significant changes to the U.S. federal tax code with various effective dates from 2025 to 2027. The OBBBA introduced several provisions that may affect our future financial results, including an elective deduction for domestic research expenditures, and reinstatement of elective 100% first-year bonus depreciation, among other provisions. The Company recognized the effects of the OBBBA provisions on our financial results to the extent they are applicable to the year ended December 31, 2025.

**Stock-Based Compensation**

The Company adopted the fair value recognition provisions of Accounting Standards Codification No. 718, "Share-Based Payment" ("ASC 718"). ASC 718 requires companies to estimate the fair value of equity-based payment awards on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods in the Company's consolidated statement of operations.

The Company estimates the fair value of stock options granted using the Black-Scholes options pricing model. The option-pricing model requires a number of assumptions, of which the most significant are expected stock price volatility and the expected option term. For employees, the expected term is calculated using the plain vanilla formula as there is not sufficient historical information to provide a clear basis for a different calculation. Expected volatility was calculated based on similar publicly traded companies which operate in the same industry.

The risk-free interest rate is based on the yield from U.S. treasury zero-coupon bonds with an equivalent term. The Company has historically not paid dividends and has no foreseeable plans to pay dividends.

The fair value for options granted in 2025 was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

---

| | | |
|:---|:---|:---|
|  | **2025** | **2024** |
| Risk-free interest | 3.86% | 4.57% |
| Dividend yields | 0% | 0% |
| Volatility | 39.57-45.07% | 45.09-45.81% |
| Expected option term (years) | 5.00-6.65 | 5.00-6.12 |

---

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Net Income per Share**

Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common and potentially dilutive shares outstanding during the period, using the treasury stock method. Any anti-dilutive effect of equity awards outstanding is not included in the computation of diluted net income per share.

**Foreign Currency Translation and Transaction Gains and Losses**

The functional currency of the Company's wholly owned subsidiaries in Isreal, U.K. and France are the New Israeli Shekel, Pound Sterling and Euro, respectively. Accordingly, asset and liability accounts of the subsidiaries are translated into U.S. dollars using the current exchange rate in effect at the balance sheet date and equity accounts are translated into U.S. dollars using historical rates. The revenues and expenses are translated using the average exchange rates in effect during the period, and gains and losses from foreign currency translation adjustments are included as a component of accumulated other comprehensive income in the consolidated balance sheet. Foreign currency translation adjustments are recorded in other comprehensive loss in the consolidated statements of operations and comprehensive loss and were $114 and $32 during the years ended December 31, 2025 and 2024, respectively.

Foreign currency transaction gains and losses are included in financial expense, net, in the consolidated statements of operations and comprehensive loss and were not material during the years ended December 31, 2025 and 2024.

**Comprehensive Loss**

The Company is required to report all components of comprehensive loss, including net loss, in the financial statements in the period in which they are recognized. Comprehensive gain or loss is defined as a change in equity of a business enterprise during a period, resulting from transactions and other events and circumstances from non-owner sources. The Company's currency translation adjustment is the components of other comprehensive income (loss) that is excluded from the reported net income (loss) for all periods presented.

**Note 5 – Revenue**

***Disaggregation of Revenue***

 ****

The Company recognizes revenue classified in services and other either at a point in time or over time. Revenue by point in time and over time was as follows (in thousands):

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| SaaS revenue recognized over time | $1528 | $1432 |
| Services and other revenue recognized point in time | 8444 | 8304 |
| &nbsp;&nbsp;&nbsp;Total revenue | $9972 | $9736 |

---

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

The deferred revenue balance represents payments received for performance obligations not yet satisfied. The following table shows the changes in deferred revenue during the years ended December 31, 2025, and 2024 respectively (in thousands):

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Balance at beginning of period | $776 | $279 |
| &nbsp;&nbsp;&nbsp;Deferred revenue additions during period | 1094 | 1326 |
| &nbsp;&nbsp;&nbsp;Revenue recognized during period | (1308) | (829) |
| Balance at end of period | $562 | $776 |

---

Revenue recognized during the year ended December 31, 2025 that was included in deferred revenue as of December 31, 2024 was $698. Revenue recognized during the year ended December 31, 2024 that was included in deferred revenue as of December 31, 2023 was $279.

Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied), which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods, will be recognized within one year or less.

**Note 6 – Segment and Geographical Information**

The Company's security solutions are substantially similar in nature and as a result the Company operates as one operating and reportable segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision maker ("CODM"), which is the Company's Chief Executive Officer, in deciding how to allocate resources and assess performance. The Company's CODM evaluates the financial information presented on a consolidated basis for the purposes of making operating decisions, assessing financial performance and allocating resources. The CODM evaluates performance based on income (loss) from operations, which is calculated as revenues less cost of sales and operating expenses. This measure excludes interest income (expense), other income (expense) and income taxes. The CODM reviews income (loss) from operations on a monthly basis to assess the Company's ability to generate earnings from its core activities and to monitor operating efficiency. This analysis includes comparisons of current results to budgeted amounts, prior periods and internal forecasts. Based on these evaluations, the CODM determines whether to adjust operating plans, modify pricing strategies, implement cost-control initiatives or adjust resource levels in specific functional areas. In addition, the CODM uses income (loss) from operations to make decisions about the allocation of resources, including approving capital expenditures, prioritizing research and development initiatives, adjusting headcount in specific departments and determining marketing spend. The CODM also considers this measure when evaluating the performance of the management team and establishing annual incentive compensation targets. Income/loss from operations is the Company's primary measure of profit or loss, and all costs and expenses categories on the Company's consolidated statement of operations, as well as stock-based compensation, depreciation and amortization expenses, are significant. Refer to Note 12 for additional information about the Company's stock-based compensation expense.

Revenue by geographic area is designated based upon the billing location of the customer as follows (in thousands):

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| United States | $9924 | $9736 |
| Isreal | 34 |  |
| France | 14 |  |
| &nbsp;&nbsp;&nbsp;Total property and equipment | $9972 | $9736 |

---

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

Property and equipment by geographic areas was as follows (in thousands):

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| United States | $18 | $29 |
| Isreal | 68 | 76 |
| &nbsp;&nbsp;&nbsp;Total property and equipment | $86 | $105 |

---

**Note 7 – Earnings Per Share**

Basic net loss per share is computed by dividing reported net loss by the weighted-average number of common shares outstanding for the reported period. In computing diluted earnings per share, common share equivalents are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be antidilutive. Since the Company was in a net loss for all periods presented in these consolidated financial statements, diluted net loss per share was the same as basic net loss per share.

Schedule of Earnings Per Share Basic and Diluted

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Numerator: | (in thousands, except per share data) | (in thousands, except per share data) |
| &nbsp;&nbsp;&nbsp;Net loss attributable to common stockholders | $(10549) | $(11017) |
| &nbsp;&nbsp;&nbsp;Less: preferred dividends | (533) |  |
| &nbsp;&nbsp;&nbsp;Net loss attributable to common shareholders | (11082) | (11017) |
| Denominator: |  |  |
| &nbsp;&nbsp;&nbsp;Weighted-average common shares outstanding | 4969 | 2938 |
| Net loss per common share | $(2.23) | $(3.75) |

---

The following potential common share equivalents were excluded from the calculation of diluted net income per share in FY 2025 because their effect would have been anti-dilutive in the period presented (in thousands):

Schedule of Antidilutive Securities Earnings Per Share

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Convertible preferred stock | 20782 | 26560 |
| Common Stock Warrants | 26421 |  |
| Preferred Stock Warrants | 247 | 247 |
| Stock options | 7337 | 5027 |
| &nbsp;&nbsp;&nbsp;Total potential common stock excluded from net loss per share | 54787 | 31834 |

---

**Note 8 – Balance Sheet Detail**

Prepaid expenses and other current assets consisted of the following (in thousands):

Schedule of Prepaid Expenses and Other Current Assets

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Prepaid expenses | $37 | $20 |
| Receivables for Investment |  | 312 |
| Other current assets | 187 | 103 |
| &nbsp;&nbsp;&nbsp;Total prepaid expenses and other current assets | $224 | $435 |

---

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

Property and equipment, net consisted of the following (in thousands):

Schedule of Property and Equipment, Net

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Computers and peripheral equipment | $411 | $377 |
| Office furniture and equipment | 46 | 46 |
| Electronic equipment | 290 | 290 |
| Leasehold improvements | 18 | 18 |
|  | 765 | 731 |
| Less: accumulated depreciation | (679) | (626) |
| &nbsp;&nbsp;&nbsp;Total property and equipment, net | $86 | $105 |

---

Depreciation expenses for the years ended December 31, 2025 and 2024 amounted to $53 and $58, respectively.

Accrued and other current liabilities was composed of the following (in thousands):

Schedule of Accrued and Other Current Liabilities

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br> **December 31,** | **Years Ended**<br> **December 31,** |
|  | **2025** | **2024** |
| Employee and related accruals | $822 | $627 |
| Accrued expenses | 1686 | 1271 |
| Dividends payable | 61 |  |
| Other | 79 | 69 |
| &nbsp;&nbsp;&nbsp;Total accrued and other current liabilities | $2648 | $1967 |

---

**Note 9 – Loan**

In June 2019 the Company entered into Loan and Security agreement (the "Loan Facility") in the amount of $9,999. The principal amount outstanding under each Advance shall accrue at the following rate per annum rate equal to the greater of six and one-half percentage points (6.50%) above the Prime Rate of 12.00%, which interest shall be payable monthly. Immediately upon the occurrence and during the continuance of an event of default as defined in the contract, the Obligations shall bear interest at a rate per annum which is four percentage points (4.0%) above the rate that is otherwise applicable thereto. Additionality, concurrently with the grant of the loan, the Company issued warrants to 1,872,993 shares of preference Series A, per value 0.0001$ per share, and exercise price of 0.2803$ per share. The Warrants expiration date was settled as the earlier of (1) the date that is ten (10) years after the original Issue Date, (2) the Initial Public Offering and (3) a Liquid Acquisition.

In January 2021 the Loan Facility agreement was amended ("First Amendment") to restructure the payments due on February 2021 to be deferred until May 1, 2021, at which time such deferred payments shall be due in full. In June 2021 the Loan Facility agreement and First Amendment (collectively, the "Loan Facility") were further amended ("Second Amendment") to restructure the payments due on May 2021 to January 2022 (collectively, the "Deferred Payments"). Company shall repay Deferred Payments including principal amount in twenty-two (22) consecutive equal monthly payments as to the first $5,000 advance and twenty-five (25) consecutive equal monthly payments as to the second $5,000 advance.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

In years 2022-2024 the Loan Facility agreement was further amended to restructure the payments due on January 2022 to December 2024.The forbearance period was extended until the earlier of December 31, 2025 and Company's closing of an equity financing of at least $20,000 where all Deferred Payments including principal shall be repay in twenty-two (22) consecutive equal monthly payments as to the first $5,000 advance and twenty-five (25) consecutive equal monthly payments as to the second $5,000 advance.

In November 2023, a total of $3,152 from the loan were converted into 6,466,194 Series B-1 Preferred Stock of $0.0001 par value as part of Series B Preferred Stock Purchase Agreement. Additionally, the warrants mentioned above were cancelled and replaced by a new 741,435 Series B-1 warrant, per value 0.0001$ per share, and exercise price of 0.4875$ per share. The Series B-1 Warrants shall be convertible, at the option of the holder, at any time after the date on which such warrant was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the value of the warrant.

On August 6, 2025, the Company entered into a Securities Purchase and Conversion Agreement. Pursuant to the Agreement, the Company converted 50% of its outstanding loan obligations, totaling approximately $6.8 million, into 682,770 shares of its Series E Convertible Preferred Stock ("Series E Preferred"), stated value $10.00 per share. As the fair value of the Series E Preferred Stock issued approximated the carrying value of the debt extinguished, no gain or loss was recognized. The Series E Preferred is convertible into shares of the Company's common stock and accrues dividends on the stated value thereof at the same rate as the original loan. Dividends are payable, at the Company's election, in cash or shares of common stock. The initial conversion price for the Series E Preferred is $4.62 per share. Upon the holder of the Company's Series C Preferred Stock receiving a return of capital in the minimum amount of $8,000,000, the conversion price for the Series E Preferred will adjust to $3.75 per share. Concurrently with the Securities Purchase and Conversion Agreement, the Company entered into a Waiver and Twenty-seventh Amendment to Loan and Security Agreement (the "Amendment") with the holder of its senior secured debt. Under the Amendment, the remaining approximately $6.8 million in loan obligations are subject to a modified repayment schedule. Upon the earlier of: (i) the Company closing one or more equity financings yielding an aggregate amount of net cash proceeds of at least $20,000,000; or (ii) June 30, 2026, the Company shall make twenty-four (24) consecutive equal monthly installments of principal and interest based on a thirty-six (36) month amortization period, with the balance of the obligation due and payable on the 25th month. See also notes 11 and 15.

The total interest expenses and accrued interest for the year ended December 31, 2025 were $1,231 and $384, respectively, and as for year ended December 31, 2024, were $1,505 and $2,808, respectively. Any unpaid interest was accrued as part of the loan.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Note 10 – Related Party**

Since the company's establishment, the company's founder and CEO has also been the largest investor who participated - either directly or through entities under his control - in all funding rounds in a total amount of approximately $44.67 million.

In 2023, the Company entered into Unsecured Convertible Revolving Promissory Note (the "Note") with its main shareholder in the amount of up to $3,000. At any time, the Noteholder may, in its sole discretion, lend to the Company from time to time until the first-year anniversary of the Effective Date such amounts as may be requested by the Company in accordance with the terms and conditions of this Note. The principal amount outstanding under this Note from time to time shall bear interest at a rate per annum equal to the Applicable Federal Rate. During 2025, Company received a total of $451 and repaid $1,605 from the outstanding balance. During 2024, Company received a total of $1,110 and repaid $910 from the outstanding balance. As of December 31, 2025 and 2024, the Revolving Promissory Note outstanding balance was $765 and $1,870, respectively.

The total interest expenses recorded in 2025 and 2024 were $48 and $85, respectively.

**Note 11 – Preferred Stock and Common Stock**

**Stock reverse split**

On September 19, 2025, the Company effected a 1-for-3 reverse stock split (the "Reverse Stock Split"), pursuant to which every three shares of the Company's issued and outstanding common stock were combined into one share of common stock. The par value per share of the common stock remained unchanged at $0.0001. The total number of issued and outstanding shares of common stock was reduced proportionately, and the number of issued preferred shares, warrants, and stock options were adjusted on the same basis. The Reverse Stock Split did not affect the Company's total stockholders' deficit and the number of authorized shares remained unchanged. All share amounts have been retroactively adjusted, as if the Reverse Stock Split had occurred at the beginning of all periods presented.

**Composition of stock capital**

The stock capital of the Company as of December 31, 2025 and 2024 is comprised of stock of $0.0001 par value each, as follows:

Schedule of Composition of Stock Capital

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** |
|  | **Authorized** | **Issued and outstanding** | **Authorized** | **Issued and outstanding** |
| Common stock |  |  |  |  |
| Common stock voting | 200000000 | 10315901 | 112000000 | 2963695 |
| Common stock non-voting | 50000000 | 3580499 |  |  |
| &nbsp;&nbsp;&nbsp;Total common stock | 250000000 | 13896400 | 112000000 | 2963695 |
| Preferred stock |  |  |  |  |
| Series B-1 preferred stock | 25356256 | 8204944 | 25356256 | 8204944 |
| Series B-2 preferred stock | 27463149 | 2128737 | 27463149 | 9154388 |
| Series B-3 preferred stock | 21453390 | 7151139 | 21453390 | 7151139 |
| Series CF-1 preferred stock | 14128084 |  | 14128084 | 2049795 |
| Series CF-2 preferred stock | 2900000 |  |  |  |
| Series F preferred stock | 10000 | 10000 |  |  |
| Non-designated preferred stock | 57127229 |  |  |  |
| &nbsp;&nbsp;&nbsp;Total preferred stock | 148438108 | 17494820 | 88400879 | 26560266 |

---

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Common Stock**

Common Stock confer upon their holders the right, among others, to participate and vote in the Company's stockholders meeting, participation in the Company's distributable earnings and participation in the distribution of the Company's assets upon its liquidation. The stockholders' liability is limited to the redemption of the par value of their stock.

**Preferred Stock**

Preferred stock has been designated into several classes, consisting of Series B-1 Preferred Stock, Series B-2 Preferred Stock, Series B-3 Preferred Stock, Series CF-1 Preferred Stock, Series CF-2 Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock.

The Series C Preferred Stock and the Series D Preferred Stock are not mandatorily redeemable; however, they are contingently redeemable upon the occurrence of certain events that are not solely within the control of the Company. Accordingly, they are classified as temporary equity (mezzanine equity) in the Company's consolidated balance sheets.

Series B-1, B-2, and B-3 Preferred Stock

*Voting rights:*

 

The holders of Series B Preferred Stock are entitled to one vote for each share of Common stock on an as-converted basis and shall vote together, along with holders of other Preferred Stock entitled to vote thereon with the holders of Common Stock as a single class. The holders of the Series B Preferred stock shall be entitled to vote on all matters on which holders of Common stock are entitled to vote.

*Conversion:*

 

Each share of Series B Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the applicable original issuance price by the applicable conversion price in effect at the time of conversion. Each share of Series B Preferred Stock shall automatically be converted into Common Stock immediately upon the earlier of (i) the closing of a Qualified IPO (as such term is defined in the applicable certificate of designation), as such or (ii) written consent or agreement of the majority of the outstanding shares of Preferred Stock voting together on an as-converted to Common Stock basis that are entitled to vote on such matter. In the event that the Company issues any new securities, for a consideration per share lower than the applicable conversion price of the applicable Series B Preferred Stock, the applicable conversion price for the applicable Series B Preferred Stock shall be readjusted to reflect the lower consideration paid for the applicable Series B Preferred Stock as set forth in the applicable certificate of designation.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

*Liquidation preference:*

 

The Company's Series B Preferred Stock is entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed as follows: (i) the holders of Series B-1 Preferred Stock and Series B-2 Preferred Stock (along with holders of Series CF Preferred Stock on a pari passu basis) shall be paid before any payment is paid to the remaining stockholders (other than holders of Series C Preferred Stock), of an amount per share equal to two (2) times their original issue price and any unpaid dividend and subsequently (ii) the holders of Series B-3 Preferred Stock shall be paid before any payment is paid to holders of Common Stock and Series F Preferred Stock, of an amount per share equal to two (2) times their original issue price and any unpaid dividend.

Series CF-1 and CF-2 Preferred Stock

*Voting rights:*

 

The holders of Series CF Preferred Stock are not entitled to any voting rights.

*Conversion:*

 

Each share of Series CF Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into such number of fully paid and non-assessable shares of Non-Voting Common Stock as is determined by terms of the applicable certificates of designation. Each share of Series CF Preferred Stock shall automatically be converted into Non-Voting Common Stock immediately upon the earlier of (i) the closing of a Qualified IPO (as such term is defined in our applicable certificate of designation), or (ii) written consent or agreement of the majority of the outstanding shares of Preferred Stock voting together on an as-converted to Common Stock basis that are entitled to vote on such matter. All Non-Voting Common Stock, issued or issuable upon the conversion of Series CF-1 Preferred Stock and Series CF-2 Preferred Stock, will automatically convert to Common Stock concurrently with the listing of the Company on the Nasdaq Stock Exchange.

*Liquidation preference:*

 

The Company's Series CF Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed as follows: (i) the holders of Series CF Preferred Stock (along with holders of Series B-1 Preferred Stock and Series B-2 Preferred Stock on a pari passu basis) shall be paid before any payment is paid to the remaining stockholders (other than holders of Series C Preferred Stock), of an amount per share equal to two (2) times their original issue price and any unpaid dividend.

Series C Preferred Stock

*Voting rights:*

 

The holders of Series C Preferred Stock shall have no voting rights, except as required by law and as expressly provided in the certificate of designation.

*Conversion:*

 

Shares of Series C Preferred Stock have a stated value of $10.00 per shares and are convertible to the common stock at a price of $2.0265 per share of common stock. Conversions of Series C Preferred Stock are limited such that no conversion will be allowed to the extent that, immediately following the conversion, the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Company's issued and outstanding common stock

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

*Liquidation preference:*

 

The holders of Series C Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed to the holders of Series C Preferred Stock first who shall be paid before any payment is paid to the remaining stockholders, of an amount per share equal to the greater of (i) 200% of stated value (as defined therein) or (ii) the amount the holder would receive if such holder converted such Series C Preferred Stock into Common Stock immediately prior to the date of such payment.

*Dividends:*

 

Holders of Series C Preferred Stock are entitled to dividends payable on the stated value thereof, commencing from on the issuance date, at an annual rate of 8%, payable monthly in arrears on the stated value.

Series D Preferred Stock

*Voting rights:*

 

The holders of Series D Preferred Stock shall have no voting rights, except as required by law and as expressly provided in the certificate of designation.

*Conversion:*

 

Shares of Series D Preferred Stock have a stated value of $10.00 per shares and are convertible to the common stock at a price of $12.35 per share of common stock. Conversions of Series C Preferred Stock are limited such that no conversion will be allowed to the extent that, immediately following the conversion, the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Company's issued and outstanding common stock

*Liquidation preference:*

 

The holders of Series D Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed to the holders of Series D Preferred Stock first who shall be paid before any payment is paid to the remaining stockholders, of an amount per share equal to the greater of (i) 200% of stated value (as defined therein) or (ii) the amount the holder would receive if such holder converted such Series D Preferred Stock into Common Stock immediately prior to the date of such payment.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

*Dividends:*

 

Holders of Series D Preferred Stock are entitled to dividends payable on the stated value thereof, commencing from on the issuance date, at an annual rate of 8%, payable monthly in arrears on the stated value.

Series E Preferred Stock

*Voting rights:*

 

The holders of Series E Preferred Stock shall have no voting rights, except as required by law and as expressly provided in the certificate of designation.

*Conversion:*

 

Shares of Series E Preferred Stock have a stated value of $10.00 per share and are convertible into shares of common stock at a price per share of common stock of: (i) $4.62 per share, prior to the Ascent Minimum Recovery Date (as defined under the Series E certificate of designation), and (ii) $3.75 per share at all times after to the Ascent Minimum Recovery Date. The certificate of designation provides a limitation on conversion in the event the holder, its affiliates or any other person acting as a group, would beneficially own in excess of 9.99% of the Common Stock upon such conversion.

*Liquidation preference:*

 

The holders of Series E Preferred Stock are entitled to a non-participating liquidation preference. In the event of any liquidation, dissolution or winding up of the Company, assets or proceeds shall be distributed to the first to holders of Series E Preferred Stock on an equal basis with the holders of Series C Preferred Stock and Series D Preferred Stock.

*Dividends:*

 

Holders of Series E Preferred Stock are entitled to dividends payable on the stated value thereof, commencing from on the issuance date, at an annual rate of the greater of: (i) the prime rate, plus 6.5%, or (ii) 12%, payable monthly in arrears on the stated value. At the option of the company, dividends may be paid in cash or in shares of common stock valued at the conversion price.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

*Redemption requirements:*

 

The Company will be required to redeem outstanding shares of Series E Preferred Stock in cash upon the occurrence of certain redemption triggering events defined in the certificate of designation as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the Company's receipt of a cumulative total of not less than $10 million in net proceeds from the issuance of new equity securities, the Company shall redeem outstanding shares of Series E Preferred Stock having $1 million in total stated value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon the Company's receipt of a cumulative total of not less than $20 million in net proceeds from the issuance of new equity securities, the Company shall redeem additional outstanding shares of Series E Preferred Stock having $2 million in total stated value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon the Company's receipt of a cumulative total of not less than $30 million in net proceeds from the issuance of new equity securities, the Company shall redeem additional outstanding shares of Series E Preferred Stock having $2 million in total stated value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon the Company's receipt of a cumulative total of not less than $40 million in net proceeds from the issuance of new equity securities, the Company shall redeem all remaining issued and outstanding shares of Series E Preferred Stock at the total stated value thereof.

Additionally, the Company, at its sole discretion, can redeem, in whole or in one or more parts, outstanding shares of Series E Preferred Stock in cash by payment to the holder of the stated value thereof, plus all accrued but unpaid dividends thereon.

Series F Preferred Stock

*Voting rights:*

 

The holders of Series F Preferred Stock are entitled to cast 40,000 votes for each one (1) share of Series F Preferred Stock and shall vote together, along with holders of other Preferred Stock entitled to vote thereon, with the holders of Common Stock as a single class. The holders of the Series F Preferred stock shall be entitled to vote on all matters on which holders of Common stock are entitled to vote.

*Conversion:*

 

Each share of Series F Preferred Stock shall be convertible, at the option of the holder, at any time after the date on which such stock was issued by the Company, into one (1) share of fully paid and non-assessable Common Stock.

*Liquidation preference:*

 

The Company's Series F Preferred Stock are entitled to participate in any distribution out of the assets of the Company on an equal basis per share with the holders of the Common Stock. For the purposes of such distribution, holders of Series F Preferred Stock shall be treated as if all shares of Series F Preferred Stock had been converted to Common Stock immediately prior to the distribution.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

**Dividends**

During the year ended December 31, 2025, the Company accrued dividends of $149 related to its Series C and Series D Preferred Stock. Of this amount, $88 thousand was paid in cash and $61 thousand remained accrued and unpaid as of December 31, 2025.

**Issuance of Preferred Stock and Warrants**

On November 2023, the Company entered into a Series B Preferred Stock Purchase Agreement (the "Series B SPA") with new and existing investors. According to the Series B SPA, the Company issued 6,154,723 Series B-1 Preferred Stock for total consideration of $3,006 with par value of $0.0001 each, at a price per stock of $0.48751;

In 2024 the Company had five additional closings for a total consideration of $3,000 and issued 6,152,684 Series B-1 Preferred Stock with par value of $0.0001 each, at a price per stock of $0.48751.

On June 2024, the Company entered into a listing agreement, under regulation Crowdfunding (also known as Reg CF), whereby the Company agrees to sell securities to eligible investors through the funding portal through special purpose vehicle. On April 2025 the Company closed the financing round, raising a total of $2,031 and issued 2,869,954 Series CF Preferred Stock with par value of $0.0001 each, at a price per stock of $0.707810. Of the total, $797 of the proceeds were received and 995,157 shares we issued in 2025. The total fundraising fees recorded were $140.

On September 2024, in parallel to Reg CF and under the same terms, the Company started to offer and sell securities under rule 506(c) of regulation D to accredited investors. On June 2025 the Company closed the financing round, raising a total of $5,120 and issued 7,234,063 Series CF Preferred Stock with par value of $0.0001 each, at a price per stock of $0.707810. Of the total, $2,096 of the proceeds were received and 2,960,856 shares we issued in 2025.

On June 2025, the Company designated a new class of Series F Preferred Stock consisting of 10,000 authorized shares (the "Series F Preferred Stock"). The Series F Preferred Stock were issued through the conversion of an equivalent number of shares of the Company's founder and CEO Common Stock on a pre–reverse stock split basis (was not affected by the subsequent reverse stock split) and is entirely held by him. Each share of Series F Preferred Stock entitles the holder to cast 40,000 votes on all matters submitted to the Company's shareholders or acted upon by written consent. In addition, each three shares is convertible, at the option of the holder, into one share of the Company's Common Stock. The conversion of the founder and CEO's Common Stock into Series F Preferred Stock was accounted for as an equity reclassification, as it did not result in a change in control or economic ownership. Accordingly, no gain or loss was recognized.

On June 2025, the Company entered into a Series C Preferred Stock Purchase Agreement (the "Series C SPA") with a new investor. According to the Series C SPA, Company issued an aggregate of 329,671 shares of Series C Preferred Stock, par value $0.0001 per share, together with warrants to purchase 4,000,000 shares of common stock, for an aggregate consideration of $3,000. Series C Preferred Stock features a stated value of $10.00 per share and is convertible to common stock at a price of $0.6755 per share. The warrants are exercisable at a price of $1.0825 per share, with expiration dates as follows: 1,000,000 warrants have an expiration date of eight (8) months, 1,000,000 warrants have an expiration date of sixteen (16) months, and 2,000,000 warrants have an expiration date of two (2) years from the issuance date.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

On July 2025, the Company entered into a listing agreement, under regulation Crowdfunding (also known as Reg CF), whereby the Company agrees to sell securities to eligible investors through the funding portal through special purpose vehicle. On September 2025 the Company closed the financing round, raising a total of $819 and issued 212,033 Series CF-2 Preferred Stock with par value of $0.0001 each, at a price per stock of $2.1234; The total fundraising fees recorded were $56.

On August 6, 2025, the Company entered into a Securities Purchase and Conversion Agreement. Pursuant to the Agreement, the Company converted 50% of its outstanding loan obligations, totaling approximately $6.8 million, into 682,770 shares of its Series E Convertible Preferred Stock ("Series E Preferred"), stated value $10.00 per share. The Series E Preferred is convertible into shares of the Company's common stock and accrues dividends on the stated value thereof at the same rate as the original loan. Dividends are payable, at the Company's election, in cash or shares of common stock. The initial conversion price for the Series E Preferred is $4.62 per share. During the year ended December 31, 2025, the Company issued an aggregate of 99,348 shares of its common stock as stock dividends. See also note 9.

On October 15, 2025, all outstanding shares of Series CF-1 preferred and Series CF-2 Preferred Stock were converted into non-voting common stock.

On October 27, 2025, the Company entered into a Securities Purchase Agreement (the "SPA") for the issuance and sale of a total of 549,451 shares of Series D Preferred Stock and warrants to the purchase a total of 25,000,000 shares of common stock. At the initial closing under the SPA on October 27, 2025, the Company issued 109,891 shares of Series D Preferred Stock for consideration of $1,000, together with warrants to purchase a total of 25,000,000 shares of common stock exercisable at a price of $12.35 per share (the "Warrants"), with expiration dates as follows: 16,000,000 warrants have an expiration date of nine (9) months, 3,000,000 warrants have an expiration date of sixteen (16) months, and 6,000,000 warrants have an expiration date of two (2) years from the issuance date. The Warrants may not be exercised on a cashless basis unless, upon the listing of the Company's common stock on any recognized stock exchange pursuant to an effective registration statement, there is no effective registration statement covering, or no current prospectus available for, the free resale of the warrant exercise shares by the holder. In December 2025, the Company completed three additional closings under the SPA for an aggregate consideration of $1,050, pursuant to which the Company issued an additional 115,385 shares of Series D Preferred Stock. See also note 15.

On November 3, 2025, an aggregate of 7,025,651 shares of Series B-2 Preferred Stock were converted into common stock.

**Note 12 – Stock-Based Compensation**

The Equity Incentive Plan provides for the Company to grant ISOs, and NSOs to employees, advisers, and directors. As of December 31, 2025 there were 7,336,803 equity awards authorized including 208,135 awards that were exercised to common stock.

***Stock Options***

 ****

Stock options represent the right to purchase shares of common stock on the date of exercise at a stated exercise price. The exercise price of a stock option generally must be at least equal to the fair market value of the common stock on the date of grant. Options vest over a period of time not to exceed 10 years from the grant date. For the years ended December 31, 2025 and 2024, the Company recorded stock-based compensation expense of $615 and $961, respectively.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

The terms of the plan permit certain option holders to exercise options before their options are vested, subject to certain limitations. Upon early exercise, the awards become subject to a restricted stock agreement. The shares of restricted stock granted upon early exercise of the options are subject to the same vesting provisions in the original stock option awards. Shares issued as a result of early exercise that have not been vested are subject to repurchase by the Company upon termination of the purchaser's employment, at the price paid by the purchaser. Such shares are not deemed to be issued for accounting purposes until they vest.

The following table summarizes the Company's stock option activity and related information:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Number of Shares** | **Weighted Average Exercise Price** | **Aggregate Intrinsic Value<br> (in thousands)** | **Weighted Average Remaining Life** |
| Outstanding as of December 31, 2024 | 5028134 | $0.57 | $3737966 | 9.30 |
| &nbsp;&nbsp;&nbsp;Granted | 2372814 | $1.17 | $- |  |
| &nbsp;&nbsp;&nbsp;Exercised during period | 891 | $0.42 |  |  |
| &nbsp;&nbsp;&nbsp;Forfeited | 16190 | $0.97 | $- |  |
| &nbsp;&nbsp;&nbsp;Expired | 47064 | $1.35 |  |  |
| Outstanding as of December 31, 2025 | 7336803 | $0.76 | $3716928 | 8.71 |

---

The aggregate intrinsic value of options is calculated as the difference between the exercise price of the stock options and the fair value of the Company's shares of common stock for those options that had exercise prices lower than the fair value of the Company's shares of common stock.

The weighted-average grant date fair value of options granted was $1.17 and $0.42 for the years ended December 31, 2025 and 2024, respectively.

As of December 31, 2025 and 2024, the total remaining unrecognized compensation expense related to non-vested stock options was $1,087 and $411, respectively, which will be amortized over the weighted-average period of 3.54 years and 1.59 years, respectively.

The fair value of each option award is determined on the date of grant using the Black-Scholes option-pricing model. The calculation of fair value includes several assumptions that require management's judgment. The absence of a public market for the Company's common stock requires the Company's board of directors with assistance from management and external valuation experts, to estimate the fair value of its common stock for purposes of granting options and for determining stock-based compensation expense by using a reasonable method of valuation and considering several objective and subjective factors, including obtaining contemporaneous independent third-party valuations, actual and forecasted operating and financial results, market conditions and performance of comparable publicly traded companies, developments and milestones in the Company, the rights and preferences of redeemable convertible preferred stock and common stock, and transactions involving the Company's stock. The fair value of the Company's common stock was determined in accordance with applicable elements of the American Institute of Certified Public Accountants guide, Valuation of Privately Held Company Equity Securities Issued as Compensation.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

The estimated fair value of stock options was determined using the Black-Scholes option-pricing model with the following weighted-average assumptions:

Schedule of Stock Options Valuation Assumptions

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| | | |
|:---|:---|:---|
|  | **Years Ended** **December 31,** | **Years Ended** **December 31,** |
|  | **2025** | **2024** |
| Expected term of options (years) | 5.00-6.65 | 5.00-6.12 |
| Expected volatility (%) | 39.57-45.07 | 45.09-45.81 |
| Risk-free interest rate (%) | 3.86 | 4.57 |
| Expected dividend yield (%) |  |  |

---

 

*Expected term:* The expected term of the stock options represents the period of time stock options are expected to be outstanding and is based on the "simplified method." Under this method, the term is estimated using the midpoint between the requisite service period and the contractual term of the option. This method is used due to the lack of sufficient historical exercise data.

*Expected volatility:* The expected volatility is a measure of the amount by which a financial variable, such as a share price has fluctuated (historical volatility) or is expected to fluctuate (expected volatility) during a period. As the Company does not yet have a sufficient history of its own volatility, the Company has identified several public entities of similar complexity and industry and calculates historical volatility based on the volatilities of these companies.

*Risk-free interest rate:* The risk-free interest rate is based on U.S. Treasury yield curve in effect at the time of grant.

*Expected dividend yield:* No dividends on common stock have been paid or expected to be paid by the Company.

Total stock-based compensation expense for years ended December 31, 2025 and 2024 was as follows (in thousands):

Schedule of Stock Based Compensation Expenses

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| | | |
|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** |
| Cost of sales | 16 | 4 |
| Research and development | 100 | 153 |
| Sales and marketing | 22 | 115 |
| General and administrative | 477 | 689 |
| Total stock-based compensation expense | 615 | 961 |

---

 **

***shares issued for services***

 **

In June 2025, the Company issued 229,650 shares of common stock in exchange for services with an aggregate fair value of approximately $533. The fair value of the shares issued was determined based on recent third-party valuation.

**Note 13 – Income Taxes**

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

Net deferred tax items consist of the following components as of December 31, 2025 and 2024 (in thousands):

---

| | | |
|:---|:---|:---|
|  | **Years Ended** **December 31,** | **Years Ended** **December 31,** |
|  | **2025** | **2024** |
| Deferred tax assets: |  |  |
| &nbsp;&nbsp;&nbsp;Net operating loss carryover | $19548 | $17736 |
| &nbsp;&nbsp;&nbsp;Net operating loss carryover - States | 4721 | 4471 |
| &nbsp;&nbsp;&nbsp;R&D credit carryforward | 350 | 325 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation | 500 | 390 |
| &nbsp;&nbsp;&nbsp;R&D capitalization | 2537 | 2210 |
| &nbsp;&nbsp;&nbsp;Other | 22 | 6 |
| Deferred tax liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation | (48) | (48) |
| &nbsp;&nbsp;&nbsp;Other |  |  |
| Valuation allowance | (27630) | (25090) |
| Net deferred tax asset | $— | $— |

---

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income for the year ended December 31, 2025 due to the following (in thousands):

---

| | | |
|:---|:---|:---|
|  | **Years Ended** **December 31,** | **Years Ended** **December 31,** |
|  | **2025** | **2024** |
| Book income (loss) | $(2239) | $(2320) |
| Non deductible other expenses (M&E 50% and penalties) | 1 | 1 |
| State income taxes, net of federal tax benefit  | (295) | (246) |
| Valuation allowance | 2540 | 2565 |
|  | $— | $— |

---

At December 31, 2025, the Company had net operating loss carryforwards of approximately $93 million that may be offset against future taxable income varying from the year 2025 through indefinitely. No tax benefit has been reported in the December 31, 2025, financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years. NOLs arising in tax years beginning in 2018 may be carried forward indefinitely.

**Note 14 – Commitments and Contingencies**

In August 2018, The Israeli subsidiary entered into a lease agreement for a 60-month period beginning January 1, 2019. The subsidiary may terminate the lease agreement on December 31 of each year with 6-month advance written notice to the lessor. If the subsidiary to terminate the lease agreement at the first 48-month period, then an exit penalty of $241 will apply.

 

**OUR BOND INC.**

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

 

In May 2021, the lease agreement was amended where Subsidiary and lessor agreed to convert fifty percent from February-December 2021 monthly rent payments into fully vested warrants to purchase 56,325 shares of the Company's common stock issuable upon exercise of this warrant and exercise price of 0.0001$ per share. The warrants will expire on April 30, 2026.

In August 2021, the lease agreement was further amended where the Subsidiary and lessor agreed to convert fifty percent from 2022 monthly rent payments into a warrants to purchase 63,015 shares of the Company's common stock issuable upon exercise of this warrant and exercise price of 0.0001$ per share. The warrants will expire on September 30, 2026.

On August 22, 2024 the warrants were exercised by the lessor and accordingly, 119,340 common Stock were issued.

In July 2022, the Israeli Subsidiary gave the lessor advanced notice of its intention to exercise the exit point on December 31, 2022, while negotiating the fifth-year terms. The parties were unable to reach agreements and in July 2023 the subsidiary vacated the leased premises. In February 2025 a lawsuit was filed against the Company for a total of $1,600. Given the preliminary stage in which the lawsuit is at, the Israeli Subsidiary lawyers cannot reasonably assess the likelihood of the claims to be accepted. The company accounted for $1,600 and the amount is included in Accrued and other current liabilities.

**Note 15 – Subsequent Events**

On January 12, 2026, at a fifth closing under the SPA, the Company issued 93,407 additional shares of Series D Preferred Stock for additional consideration of $850. On January 30, 2026, at a sixth closing under the SPA, we issued 131,867 additional shares of Series D Preferred Stock for consideration of $1,200. On February 4, at a final closing under the SPA, we issued 98,902 additional shares of Series D Preferred Stock for consideration of $900. Issuance costs associated with these closings were $306, bringing the total issuance costs related to the Series D Preferred Stock to $506.

On February 4, 2026, the Company's common stock began trading on the NASDAQ under the ticker symbol "OBAI" in connection with the Company's direct listing. In a direct listing, the Company did not issue new shares and did not receive any proceeds from the listing.

On February 5, 2026, all 682,770 outstanding shares of the Company's Series E Convertible Preferred Stock were converted into 1,477,857 shares of the Company's common stock in accordance with the terms of the Series E Preferred. Following the conversion, no shares of Series E Preferred remained outstanding.

On March 1, 2026, the Company entered into Amendment No. 1 (the "Amendment") to a Warrant to Purchase Shares of Common Stock originally issued on October 27, 2025 (the "Warrant"). The Warrant provides for the purchase of up to 16,000,000 shares of the Company's common stock at an exercise price of $12.35 per share and expires on July 27, 2026. Pursuant to the Amendment, the exercise price for 12,000,000 shares underlying the Warrant was temporarily reduced as follows: (i) $2.25 per share for 4,500,000 shares for a period of 60 days; (ii) $2.75 per share for 3,750,000 shares for a period of 60 days; and (iii) $3.25 per share for 3,750,000 shares for a period of 75 days. Upon expiration of the reduced exercise price periods, the exercise price for the applicable warrants will revert to the original exercise price of $12.35 per share. All other terms and conditions of the Warrant remain unchanged.

Also on March 1, 2026, the Company issued a Promissory Note in the principal amount of $2,500,000 (the "Note"). The Note bears interest at a rate of 10% per annum and matures on September 1, 2026. The Company is required to apply 25% of the net proceeds from any future offerings or issuances of the Company's securities toward repayment of the Note until it is paid in full. In the event of default, the Note will bear interest at a rate of 24% per annum, and any late payments will be subject to a late fee equal to 10% of the overdue amount.

The Company has evaluated all transactions through March, 31, 2026, the date these consolidated financial statements were available to be issued and has determined that there are no other events, other than the following, that would require disclosure in or adjustment to these financial statements.

![](tg_logo-bond.jpg)

**The date of this Prospectus is April 2, 2026**

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

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| | |
|:---|:---|
| ***Item 13.*** | ***Other Expenses of Issuance and Distribution*** |

---

 ****

The following table sets forth the costs and expenses payable by us in connection with this registration statement. All amounts shown are estimates except for the SEC registration fee.

---

| | |
|:---|:---|
| SEC registration fee | $1476 |
| Legal fees and expenses | 30000 |
| Accounting fees and expenses | 2500 |
| Printing and engraving expenses | 1000 |
| Transfer agent fees and expenses | 1500 |
| Miscellaneous expenses |  |
| Total | $36476 |

---

 ****

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| | |
|:---|:---|
| ***Item 14.*** | ***Indemnification of Directors and Officers*** |

---

We are incorporated under the laws of the State of Nevada. NRS 78.7502 provides that a Nevada corporation may and shall, respectively, indemnify any person who was or is, or is threatened to be made, a party to any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was a director, officer, employee or agent of such corporation, or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding, if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful, among other requirements.

NRS 78.7502 also provides that Nevada corporation may indemnify any person who was or is, or is threatened to be made, a party to any threatened, pending, or completed action or suit by or in the right of the corporation by reason of the fact that such person is or was a director, officer, employee or agent of such corporation, or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation partnership, joint venture, trust or other enterprise or as a manager of a limited-liability company, against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification of any claim, issue or matter is permitted without judicial approval if such person is adjudged to be liable to the corporation.

Under the NRS, where a present or former officer or director is successful on the merits or otherwise in the defense of any action referred to above, or in defense of any claim, issue or matter therein, the corporation must indemnify such present or former officer or director against the expenses (including attorney's fees) which such present or former officer or director actually and reasonably incurred in connection with such action (or claim, issue or matter therein).

Under NRS 78.138(7) a director or officer of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duties as a director, unless:

● the presumption established by NRS 78.138(3) has been rebutted; and

● tt is proven that: (i) the director's or officer's act or failure to act constituted a breach of his or her fiduciary duties as a director or officer, and (ii) such breach involved intentional misconduct, fraud or a knowing violation of law.

Our articles of incorporation contain a provision that precludes any director of ours from being personally liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director, except for the aforementioned liabilities which we are not permitted to eliminate or limit under NRS 78.138(7).

In addition, our articles of incorporation and bylaws require us to indemnify, and advance expenses to, to the fullest extent permitted by law, any person who was or is, or is threatened to be made, a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that the person is or was our director, officer, employee or agent, or is or was serving at our request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise.

Our bylaws further authorizes us to purchase and maintain insurance on behalf of any person who is or was our director, officer, employee or agent, or is or was serving at our request as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, enterprise or nonprofit entity against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not we would have the power to indemnify such person against such liability under the provisions of the NRS.

We plan to purchase an insurance policy covering our officers and directors with respect to certain liabilities, including liabilities arising under the Securities Act, or otherwise. In addition, in connection with the effectiveness of the registration statement of which this prospectus forms a part, we intend to enter into separate indemnification agreements with each of our directors and executive officers.

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| | |
|:---|:---|
| ***Item 15.*** | ***Recent Sales of Unregistered Securities*** |

---

The following sets forth information regarding all unregistered securities we have issued since 2021. Also included is the consideration received by us for such shares and information relating to the section of the Securities Act, or rule of the SEC, under which exemption from registration was claimed:

**Issuance of Preferred Stock:**

**Series B Preferred Stock**

 

On November 17, 2023, we issued an aggregate of 22,702,513 shares of preferred stock in a private placement under Rule 506(c) of Regulation D to accredited investors for gross proceeds of $44,977,011 (including the amount of debt converted which was outstanding under convertible notes) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● (i) 2,051,574 shares of Series B-1 Preferred Stock were issued for total consideration of $3,006,000 at $1.462533 per share as part of the initial closing, (ii) 2,155,398 shares of Series B-1 Preferred Stock were issued upon the conversion of debt amounting to $3,152,340 into equity, at a price per stock of $1.462533, and (iii) 1,947,073 shares of Series B-1 Preferred Stock were issued upon the conversion of Convertible Promissory Notes amounting to $2,847,659, at a price per stock of $1.462533;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 9,154,383 shares of Series B-2 Preferred Stock with par value of $0.0001 each, at a price per stock of $1.31628, which were issued upon the conversion of approximately $12,049,732 (comprising of $11,362,500 as the principal outstanding amount and $687,232 as interest) in Convertible Notes to a group of eleven (11) persons; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● 7,394,085 shares of Series B-3 Preferred Stock with par value of $0.0001 each, at a price per stock of $1.462533, which were issued upon the conversion of approximately $10,809,146 in Convertible Notes to thirty-two (32) persons. On December 29, 2023, we repurchased 242,955 shares of Series B-3 Preferred Stock from Omidyar Technology Ventures, LLC for $1 resulting in an aggregate of 7,151,130 shares of Series B-3 Preferred Stock issued and outstanding.

As part of this issuance, all previous preferred units and stock were converted into Common Stock. Additionally, in early 2024, 2,050,895 shares of Series B-1 Preferred Stock were issued for a total consideration of $3,000,000 at $1.462533 per share by way of five (5) additional closings to four (4) persons.

For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series B Preferred Stock</u>*."

**Series B-1 Warrants**

On November 17, 2023, we issued an aggregate of 247,145 shares of Series B-1 Warrants with par value of $0.0001, in connection with the Series B Preferred Stock to one (1) person. The Series B-1 Warrants have an exercise price of $1.462533 per share.

Each share of Series B-1 Warrant shall be convertible, at the option of the holder, at any time after the date on which such warrant was issued by the Company, into such number of fully paid and non-assessable Common Stock as is determined by dividing the value of the warrant (meaning aggregate fair market value of warrants less the aggregate exercise price of warrant) at the time the conversion by the fair market value of one warrant share, as defined therein.

Each share of Series B-1 Warrant shall automatically (i) convert into Common Stock upon a merger or sale of assets where the fair market value of one warrant share is greater than exercise price, unless the warrant holder prior to such an event elects otherwise, (ii) convert into Common Stock upon the expiration date, if the fair market value of one warrant share is greater than exercise price, or (iii) expire upon a merger or sale of assets where the fair market value of one warrant share is less than exercise price, and the warrant holder does not exercise the warrants upon notice.

In the event that the Company issues any new securities, for a consideration per stock lower than the applicable conversion price of the Series B-1 Warrants, the applicable conversion price for the Series B-1 Warrants shall be readjusted to reflect the lower consideration paid for the Series B-1 Warrants.

**Series CF-1 Preferred Stock**

On June 21, 2024, we entered into a listing agreement, under Regulation Crowdfunding whereby the Company agreed to sell securities to eligible investors through a funding portal by way of a special purpose vehicle. As part of the offering, we offered 2,354,681 Series CF-1 Preferred Stock, $0.0001 par value per Share at a purchase price of $2.12343 per share with a maximum amount of $5,000,000 to be raised from crowdfunding.

The offering was closed on April 30, 2025, and we issued an aggregate of 957,102 shares of Series CF-1 Preferred Stock for gross proceeds of $2,032,000.

On September 2024, in parallel to Reg CF and under the same terms, the Company offered to sell securities under Rule 506(c) of Regulation D to accredited investors. The offering was closed on June 17, 2025, we issued an aggregate of 2,411,364 shares of Series CF-1 Preferred Stock for gross proceeds of $5,120,000.

For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series CF Preferred Stock</u>*."

**Series CF-2 Preferred Stock**

On July 9, 2025, we entered into a listing agreement, under Regulation Crowdfunding whereby the Company agreed to sell securities to eligible investors through a funding portal by way of a special purpose vehicle. As part of the offering, we offered up to 219,955 Series CF-2 Preferred Stock, $0.0001 par value per Share at a purchase price of $3.864435 per share with a maximum amount of $850,000 to be raised from crowdfunding.

The offering was closed on September 5, 2025, and we issued an aggregate of 212,033 shares of Series CF-2 Preferred Stock for gross proceeds of approximately $818,789.

On July 18, 2025, in parallel to Reg CF and under the same terms, the Company offered to sell securities under Rule 506(c) of Regulation D to accredited investors.

The offering was closed on September 5, 2025 without the issuance of any shares of Series CF-2 Preferred Stock.

For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series CF Preferred Stock</u>*."

**Series F Preferred Stock**

On June 19, 2025, we issued an aggregate of 10,000 shares of Series F Preferred Stock with par value of $0.0001 to Doron Kempel in exchange for his surrender of an equal number of shares of Common Stock. For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series F Preferred Stock</u>*."

**Series C Preferred Stock**

On June 25, 2025, we issued an aggregate of 329,671 shares of Series C Preferred Stock with par value of $0.0001, together with warrants to purchase 1,333,335 shares of Common Stock, for an aggregate consideration of $3,000,000 to Ascent Partners Fund LLC. The warrants are exercisable at a price of $3.2475 per share, with expiration dates as follows: 333,334 warrants have an expiration date of eight (8) months, 333,334 warrants have an expiration date of sixteen (16) months, and 666,667 warrants have an expiration date of two (2) years from the issuance date.

The warrants may not be exercised on a cashless basis unless, upon the listing of the Company's common stock on any recognized stock exchange pursuant to an effective registration statement, there is no effective registration statement covering, or no current prospectus available for, the free resale of the warrant exercise shares by the holder. Upon the direct listing, the warrants to purchase 1,333,335 shares of Common Stock shall remain outstanding and the holder shall have the option, at any time to exercise their warrant and register them for resale under the direct listing.

For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series C Preferred Stock</u>*."

**Series E Preferred Stock**

On August 6, 2025, we issued an aggregate of 682,770 shares of Series E Preferred Stock with par value of $0.0001 by converting an outstanding amount of approximately $6,827,698 to Eastward Fund Management, LLC resulting in an average price of $4.62000 per share.

For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series E Preferred Stock</u>*."

**Series D Preferred Stock**

On October 27, 2025, we issued an aggregate of 109,891 shares of Series D Preferred Stock, together with warrants to purchase 25,000,000 shares of Common Stock, for an aggregate consideration of $1,000,000 to Ascent. The warrants are exercisable at a price of $12.35 per share, with expiration dates as follows: 16,000,000 warrants have an expiration date of nine (9) months, 3,000,000 warrants have an expiration date of sixteen (16) months, and 6,000,000 warrants have an expiration date of two (2) years from the issuance date. On December 1, 2025, we issued 32,967 additional shares of Series D Preferred Stock to Ascent for additional consideration of $300,000. On December 12, 2025, we issued 49,451 additional shares of Series D Preferred Stock for additional consideration of $450,000. On December 22, 2025, we issued 32,967 additional shares of Series D Preferred Stock to Ascent for additional consideration of $300,000. On January 12, 2026, we issued 93,407 additional shares of Series D Preferred Stock to Ascent for additional consideration of $850,000. On January 30, 2026, we issued 131,867 additional shares of Series D Preferred Stock for consideration of $1,200,000. On February 4, 2026,, we issued 98,902 additional shares of Series D Preferred Stock for consideration of $900,000.

For a description of conversion terms, please refer the section titled "*<u>Description of Capital Stock, Series D Preferred Stock</u>*."

None of the foregoing transactions involved any underwriters, underwriting discounts or commissions or any public offering. Unless otherwise specified above, we believe these transactions were exempt from registration under the Securities Act in reliance on Section 4(2) of the Securities Act (and Regulation D or Regulation Crowdfunding promulgated thereunder) as transactions by an issuer not involving any public offering. The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were placed on the share certificates issued in these transactions. All recipients had adequate access, through their relationships with us, to information about us. The sales of these securities were made without any general solicitation or advertising.

***Exhibits***

 ****

See the Exhibit Index immediately preceding the signature page hereto for a list of exhibits filed as part of this registration statement, which Exhibit Index is incorporated herein by reference.

***Financial Statement Schedules***

 ****

All financial statement schedules are omitted because the information called for is not required or is shown either in the financial statements or in the accompanying notes.

---

| | |
|:---|:---|
| ***Item 17.*** | ***Undertakings*** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

Provided, however, that paragraphs (a)(1)(i), (ii), and (iii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act, that are incorporated by reference in the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) That, for the purpose of determining liability under the Securities Act to any purchaser, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 3.1 | [Articles of Incorporation of the registrant, as currently in effect. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-1.htm)) |
| 3.3 | [Certificate of Designations of Preferences and Rights of Series B-1 Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-3.htm) |
| 3.4 | [Certificate of Designations of Preferences and Rights of Series B-2 Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-4.htm) |
| 3.5 | [Certificate of Designations of Preferences and Rights of Series B-3 Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-5.htm) |
| 3.6 | [Certificate of Designations of Preferences and Rights of Series C Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-6.htm) |
| 3.7 | [Certificate of Designations of Preferences and Rights of Series CF-1 Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-7.htm) |
| 3.8 | [Certificate of Designations of Preferences and Rights of Series CF-2 Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-8.htm) |
| 3.9 | [Certificate of Designations of Preferences and Rights of Series F Preferred Stock. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-9.htm) |
| 3.10 | [Certificate of Designations of Preferences and Rights of Series E Preferred Stock (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-10.htm) |
| 3.11 | [Bylaws of the registrant, as currently in effect. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex3-11.htm) |
| 3.12 | [Amended and Restated Certificate of Designations of Preferences and Rights of Series D Preferred Stock. (Incorporated by reference to Amended Registration Statement on Form S-1/A filed December 22, 2025).](https://www.sec.gov/Archives/edgar/data/1756064/000149315225028852/ex3-12.htm) |
| 3.13 | [Amendment to Certificate of Designations of Preferences and Rights of Series B-1 Preferred Stock (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025).](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex3-13.htm) |
| 3.14 | [Amendment to Certificate of Designations of Preferences and Rights of Series D Preferred Stock file January 12, 2026 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed January 12, 2026).](https://www.sec.gov/Archives/edgar/data/1756064/000149315226001260/ex3-14.htm) |
| 3.15 | [Certificate of Amendment to Articles of Incorporation (Incorporated by reference to Current Report on Form 8-K filed February 17, 2026)](https://www.sec.gov/Archives/edgar/data/0001756064/000149315226006892/ex3-1.htm) |
| 4.1 | [Third Amended and Restated Stockholders' Agreement among the registrant and certain holders of its capital stock, dated as of June 24, 2024. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex4-1.htm) |
| 4.2 | [Loan and Security Agreement, dated as of June 5, 2019, between Eastward Fund Management, LLC and the registrant, as amended. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex4-2.htm) |
| 4.3 | [Second Amended and Restated Warrant to Purchase Stock between Eastward Fund Management, LLC and the registrant with an effective date of June 5, 2019. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex4-3.htm) |
| 4.4 | [Eight Month Warrant, dated June 25 2025 (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex4-4.htm) |
| 4.5 | [Sixteen Month Warrant, dated June 25 2025 (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex4-5.htm) |
| 4.6 | [Two Year Warrant, dated June 25 2025 (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex4-6.htm) |
| 4.7 | [Nine Month Warrant, dated October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex4-7.htm) |
| 4.8 | [Sixteen Month Warrant, dated October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex4-8.htm) |
| 4.9 | [Twenty-four Month Warrant, dated October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex4-9.htm) |
| 4.10 | [Amendment No. 1 to Warrant to Purchase Common Stock (Incorporated by reference to Current Report on Form 8-K filed March 2, 2026).](https://www.sec.gov/Archives/edgar/data/1756064/000149315226008416/ex4-1.htm) |
| 5.1+ | [Opinion of the Crone Law Group, P.C.](ex5-1.htm) |

---

---

| | |
|:---|:---|
| 10.1 | [Form of Master Agreement (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-1.htm) |
| 10.2# | [TG-17, Inc. Amended and Restated 2017 Equity Plan. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-2.htm) |
| 10.3# | [TG-17, Inc. Amended and Restated Sub-Plan: Israel. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-3.htm) |
| 10.4 | [Securities Purchase Agreement, dated June 25 2025, by and among TG-17, Inc. and the purchasers identified on the signature pages thereto (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-4.htm) |
| 10.5# | [Employment Agreement, dated August 15, 2018, as may be amended, between Company and Doron Kempel. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-5.htm) |
| 10.6 | [Employment Agreement, dated May 25, 2017, as may be amended, between Company and Amit Hod. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-6.htm) |
| 10.7# | [Employment Agreement, dated July 19, 2021, as may be amended, between Company and Joseph DeSalvo. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-7.htm) |
| 10.8# | [Employment Agreement, dated January 2, 2024, as may be amended, between Company and Michael Lambert. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-8.htm) |
| 10.9 | [Twenty-seventh Amendment to Loan and Security Agreement (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-9.htm) |
| 10.10 | [Securities Purchase and Conversion Agreement (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex10-10.htm) |
| 10.11 | [Registration Rights Agreement dated June 25, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex10-11.htm) |
| 10.12 | [Securities Purchase Agreement, dated October 27, 205, by and among TG-17, Inc. and the purchasers identified on the signature pages thereto (for Series D Preferred Stock and Warrants) (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex10-12.htm) |
| 10.13 | [Registration Rights Agreement, dated October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex10-13.htm) |
| 10.14 | [Securities Purchase Agreement, dated October 27, 205, by and among TG-17, Inc. and the purchasers identified on the signature pages thereto (for common stock) (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex10-14.htm) |
| 10.15 | [Registration Rights Agreement, dated October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed November 12, 2025)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225021730/ex10-15.htm) |
| 10.16 | [Amendment No. 1 to Securities Purchase Agreement dated as of October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed December 22, 2025).](https://www.sec.gov/Archives/edgar/data/1756064/000149315225028852/ex10-16.htm) |
| 10.17 | [Amendment No. 2 to Securities Purchase Agreement dated as of October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed December 22, 2025).](https://www.sec.gov/Archives/edgar/data/1756064/000149315225028852/ex10-17.htm) |
| 10.18 | [Amendment No. 3 to Securities Purchase Agreement dated as of October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed December 22, 2025).](https://www.sec.gov/Archives/edgar/data/1756064/000149315225028852/ex10-18.htm) |
| 10.19 | [Amendment No. 4 to Securities Purchase Agreement dated as of October 27, 2025 (Incorporated by reference to Amended Registration Statement on Form S-1/A filed January 12, 2026).](https://www.sec.gov/Archives/edgar/data/1756064/000149315226001260/ex10-19.htm) |
| 10.20 | [Amendment No. 5 to Securities Purchase Agreement dated as of October 27, 2025 (Incorporated by reference to Current Report on Form 8-K filed January 29, 2026](https://www.sec.gov/Archives/edgar/data/0001756064/000149315226004797/ex10-1.htm) |
| 10.21 | [Promissory Note due September 1, 2026 (Incorporated by reference to Current Report on Form 8-K filed March 2, 2026).](https://www.sec.gov/Archives/edgar/data/1756064/000149315226008416/ex10-1.htm) |
| 10.21 | [Amendment No. 2 to Securities Purchase Agreement (Incorporated by reference to Current Report on Form 8-K filed March 30, 2026)](https://www.sec.gov/Archives/edgar/data/1756064/000149315226013410/ex10-1.htm) |
| 10.22# | [Amendment to Employment Agreement with Doron Kempel (Incorporated by reference to Annual Report on Form 10-K filed March 31, 2026)](https://www.sec.gov/Archives/edgar/data/1756064/000149315226014133/ex10-22.htm) |
| 14.1 | [Code of Conduct and Ethics (Incorporated by reference to Annual Report on Form 10-K filed March 31, 2026)](https://www.sec.gov/Archives/edgar/data/1756064/000149315226014133/ex14-1.htm) |
| 14.2 | [Executive Compensation Recovery Policy (Incorporated by reference to Annual Report on Form 10-K filed March 31, 2026)](https://www.sec.gov/Archives/edgar/data/1756064/000149315226014133/ex14-2.htm) |
| 19.1 | [Insider Trading Policy (Incorporated by reference to Annual Report on Form 10-K filed March 31, 2026)](https://www.sec.gov/Archives/edgar/data/1756064/000149315226014133/ex19-1.htm) |
| 21.1 | [List of subsidiaries of the registrant. (Incorporated by reference to Registration Statement on Form S-1 filed October 7, 2025.)](https://www.sec.gov/Archives/edgar/data/1756064/000149315225017274/ex21-1.htm) |
| 23.1+ | [Consent of M&K CPAs PLLC](ex23-1.htm) |
| 23.2+ | [Consent of the Crone Law Group, P.C. (included in Exhibit 5.1)](ex5-1.htm) |
| 107+ | [Filing fee table](ex107.htm) |

---

# Indicates management contract or compensatory plan or arrangement. <br> + Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of New York, New York, on April 2, 2026.

---

| | |
|:---|:---|
| **Our Bond, Inc.** | **Our Bond, Inc.** |
| By: | */s/ Doron Kempel* |
|  | Doron Kempel |
|  | Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Doron Kempel* | Chief Executive Officer, Director | April 2, 2026 |
| Doron Kempel | *(Principal Executive Officer)* |  |
| */s/ Amit Hod* | Chief Financial Officer, Director | April 2, 2026 |
| Amit Hod | *(Principal Financial and Accounting Officer)* |  |
| */s/ Randy Boutin* | Director | April 2, 2026 |
| Randy Boutin |  |  |
| */s/ Paul Morin* | Director | April 2, 2026 |
| Paul Morin |  |  |
| */s/ Adam Draizin* | Director | April 2, 2026 |
| Adam Draizin |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**

---

| | |
|:---|:---|
|  | **Joe Laxague** |
|  | Partner |
| ![](ex5-1_001.jpg) | jlaxague@cronelawgroup.com |

---

April 1, 2026

Our Bond, Inc.

85 Broad Street

New York, New York 10004

---

| | |
|:---|:---|
| **Re:** | ***Our Bond, Inc.; Registration Statement on Form S-1*** |

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Ladies and Gentlemen:

We have acted as counsel for Our Bond, Inc., a Nevada corporation (the "Company"), in connection with the Registration Statement on Form S-1 (the "Registration Statement"), filed with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Act of 1933, as amended (the "Act"), relating to the registration of the public offering and sale of the following securities of the Company by the Selling Stockholders named therein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Up to 7,081,781 shares of common stock to be issued to Ascent Partners Fund LLC ("Ascent") including: (i) shares issuable under a certain Securities Purchase Agreement dated October 27, 2025 between the Company and Ascent, that provides for the sale to Ascent of up to $300,000,000 worth of Common Stock (the "Equity Line SPA"), (ii) 970,874 shares of Common Stock to be issued to Ascent as consideration for entering into the Equity Line SPA (the "Commitment Shares"), and (iii) shares of Common Stock issued as dividends to Ascent under the Certificates of Designations of Series C Preferred Stock, par value $0.0001 per share (the "Series C Preferred Stock") and Series D Preferred Stock, par value $0.0001 per share (the "Series D Preferred Stock"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. 418,219 shares of common stock of the Company previously issued to Maxim Partners LLC.

In rendering the opinion set forth below, we have reviewed: (a) the Registration Statement and the exhibits thereto; (b) the Company's Articles of Incorporation, as amended; (c) the Company's Bylaws, as amended; (d) the Equity Line SPA, as amended; (e) the Certificate of Designation for the Series C Preferred Stock; (f) the Certificate of Designation for the Series D Preferred Stock; (g) certain records of the Company's corporate proceedings as reflected in its minute books; and (h) such statutes, records and other documents as we have deemed relevant. We have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and conformity with the originals of all documents submitted to us as copies thereof. In addition, we have made such other examinations of law and fact as we have deemed relevant in order to form a basis for the opinion hereinafter expressed. We express no opinion herein as to the laws of any state or jurisdiction other than the substantive laws of the State of Nevada and the federal laws of the United States of America.

420 Lexington Avenue, Suite 2446, New York, NY 10170 \| 646-861-7891

1 East Liberty St., suite 600, Reno, NV 89501 \| 775-234-5221

Our Bond, Inc.

April 1, 2026

P a g e **\| 2**

Based upon the foregoing, it is our opinion that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. When issued to Ascent pursuant to the terms of the Equity Line SPA and/or when issued to Ascent as dividends paid on the Series C Preferred Stock or the Series D Preferred Stock, the 7,081,781 shares of common stock of the Company registered for sale by Ascent will be validly issued, fully paid and non-assessable shares of common stock in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The 418,219 shares of common stock of the Company registered for sale by Maxim Partners LLC are validly issued, fully paid and non-assessable shares of common stock in the Company.

We consent to the inclusion of this opinion as an exhibit to the Registration Statement and further consent to all references to us under the caption "Legal Matters" in the Prospectus.

Sincerely,

The Crone Law Group P.C.

![](ex5-1_002.jpg)

![](ex5-1_003.jpg)

## Exhibit 23.1

**Exhibit 23.1**

**<u>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</u>**

We hereby consent to the incorporation in this Registration Statement on Form S-1 of our report dated March 31, 2026, of Our Bond, Inc., relating to the audit of the consolidated financial statements as of December 31, 2025 and 2024, and for the periods then ended, and the reference to our firm under the caption "Experts" in the Registration Statement.

*/s/ M&K CPA's, PLLC*

The Woodlands, Texas

April 2, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-1**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Our Bond, Inc.**  |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation or Carry Forward Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Equity | Common Stock; par value $0.0001 | Other | 7500000 | $1.425 | $10687500.00 | 0.0001381 | $1475.94 |
| Fees Previously Paid |  |  |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $10687500.00  |  | $1475.94  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $1475.94  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (1) Pursuant to Rule 457(c), the registration fee has been calculated based on the average of the high and low prices reported in the consolidated reporting system as of a specified date within 5 business days prior to the date of filing the registration statement.

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| |
|:---|
| |
| **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims |
| Fee Offset Sources |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

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