Our Bond Inc. (OBAI) shares took a step back on Thursday after a dizzying three-day rally that saw the stock more than double. The pullback looks like classic profit-taking — investors cashing in after a 164.8% surge from 54 cents on Monday to a high of $1.43 on Wednesday.

But the bigger story is what drove that rally in the first place: a pair of significant wins that have transformed the narrative around this small-cap security company.

Government Contract Wins

On Wednesday, Our Bond landed a government-funded contract that is projected to generate over $3 million in annual recurring revenue (ARR) once deployed. That's a 30% increase to its existing $10 million trailing 12-month revenue base. Management also noted the contract is structured to support future expansion beyond $50 million.

International City Expansion

That same day, a major international city with over 1 million residents awarded the company a deal to provide preventative personal security services for municipal employees. The city initially tested Bond through a pilot program and is now expanding to all municipal employees.

“The city initially engaged Bond through a pilot program, is expanding to all municipal employees after experiencing the value of our platform, and is also exploring the possibility of extending coverage to all residents,” said Doron Kempel, Founder and CEO of Bond.

Balance Sheet Overhaul

Investor sentiment had already been bolstered by a debt restructuring. The company converted approximately $3.3 million of debt into equity at a conversion price more than 200% above the then-current share price. Additionally, investors agreed to defer $1 million of debt repayments from 2026 to 2027.

Personal Security Platform

Our Bond operates an AI-powered Preventative Personal Security platform. Headquartered in New York City, the company has invested over $100 million in its technology and operations, serving clients across 28 countries.

OBAI Technical Levels To Watch After Recent Pullback

Even after the pullback, OBAI is still trading well above its short-term trend gauges, sitting 77.1% above the 20-day SMA (56 cents) and 58.1% above the 50-day SMA (63 cents).

RSI is the cleanest momentum lens here: at 72.58. Zooming out, the 20-day SMA remains below the 50-day SMA (a bearish crossover), which is a reminder that the longer-term trend has been damaged even as the stock has bounced hard off its May lows.

The bigger-picture context is still volatile: the stock is coming off a 52-week low of 43 cents in May and remains far below the 52-week high of $38.50 set in February.

OBAI Price Action: Our Bond shares were down 3.40% at $0.99 during premarket trading on Thursday. The stock is trading near its 52-week low of $0.43.