# Our Bond Sets Effective Date for 1-for-20 Reverse Stock Split

- URL: https://stocks.freetheai.org/news/our-bond-sets-effective-date-for-1-for-20-reverse-stock-split-74dfd2
- Published: 2026-10-15T12:30:00Z
- Category: company_news; sentiment: bearish; impact: medium
- Symbols: [NASDAQ:OBAI](https://stocks.freetheai.org/symbols/NASDAQ-OBAI)
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Our Bond, Inc. (OBAI) announced that its 1-for-20 reverse stock split will take effect on October 19, 2026. Shares will begin trading on a split-adjusted basis on the Nasdaq Global Market under the existing ticker symbol OBAI. The company's stock fell 8.21% to $0.17 following the news.

The transaction automatically consolidates every 20 outstanding shares of common stock into one share. As a result, total issued and outstanding common shares will decline from approximately 32.58 million to roughly 1.63 million. Management indicated the split aims to bring the stock price into alignment with company value, lower the public float, and meet Nasdaq minimum bid price rules for ongoing exchange listing.

Stockholders who hold shares through a brokerage account do not need to take action. No fractional shares will be issued, as any resulting fractional positions will be rounded up to the nearest whole share. Option and warrant exercise terms will adjust proportionately. Investors will look to October 19 for the start of split-adjusted trading.

## Key points

- Our Bond, Inc. (OBAI) scheduled its 1-for-20 reverse stock split to take effect on October 19, 2026.
- Split-adjusted trading will begin on the Nasdaq Global Market under the existing OBAI ticker symbol.
- Total outstanding common shares will drop from approximately 32.58 million to about 1.63 million.
- The split is intended to meet Nasdaq minimum bid price requirements and attract institutional investors.
- Shares fell 8.21% to $0.17 following the announcement.

## Questions and answers

### When does the Our Bond reverse stock split go into effect?

The 1-for-20 reverse stock split takes effect on October 19, 2026, when shares begin trading on a split-adjusted basis on the Nasdaq Global Market.

### Why is Our Bond conducting a reverse stock split?

The company is implementing the split to satisfy Nasdaq's minimum bid price requirement, reduce its public float, and attempt to attract broader institutional investor interest.

### What happens to fractional shares in the Our Bond reverse split?

No fractional shares will be issued. Any fractional shares resulting from the split will be rounded up to the nearest whole share.