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OBAI Stock Soars After Winning Government-Funded AI Deal

Benzinga·
OBAI Stock Soars After Winning Government-Funded AI Deal

Our Bond (NASDAQ: OBAI) stock surged 19.81% in premarket trading after securing a government-funded contract expected to generate over $3 million in annual recurring revenue, representing a 30% increase to the company's revenue base. The company also strengthened its balance sheet by converting $3.3 million in debt to equity at a 200% premium and deferring $1 million in debt repayments.

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