Bond (TG-17, Inc.) filed 424B4 for direct listing on the Nasdaq Global Market under the ticker OBAI. The prospectus lists up to 34,073,681 shares for resale by existing holders. The company has not sold any shares and will not receive any revenue. Trading in Bond’s common stock is expected to begin on February 4, 2026.
Business details
Bond offers a proactive personal security platform that combines an AI-enabled mobile application with a 24/7 command center staffed by trained personal security agents. Through the Bond app, users have access to 14 services including video surveillance, route tracking, on-demand agent standby, scheduled security checks, and first responder escalation, with detection and workflow guided by a proprietary rules engine and automation. The platform integrates with third-party technologies (AWS, communication APIs, etc.) to enable rapid response and multichannel communication.
Bond’s go-to-market development includes B2B and B2G contracts with corporations, municipalities, and universities. B2B2C with consumer brands and insurance companies. and direct-to-consumer subscriptions. The company also provides complementary physical world services such as executive protection, security, and Air Guardian drone first responder solutions. Competitive advantages include proactive response before a 911 incident occurs, fast average response times measured in seconds, and a scalable technology stack that automates detection and orchestrates agent workflow.
Market overview
- Entire addressable market:The global private security market is projected to reach $338.23 billion by 2030, growing at a CAGR of 5.3%.
- market growth: Expansion is being driven by rising safety concerns, corporate duty of care requirements, and the proliferation of smartphones.
- market position: Bond positions itself as a proactive, AI-enabled personal security layer delivered through a smartphone app and 24/7 command center.
- Major competitors: Provider of panic buttons and safety apps such as Noonlight, Silent Beacon, Centegix Crisis Alert, ROAR for Good, and Motorola Solutions Panic Button.
- industry trends: Increased enterprise adoption of mobile-first safety solutions, integration of AI for anomaly detection, and use of cloud infrastructure for scalable 24/7 response.
Operational indicators
- customer: More than 40 B2B customers and thousands of D2C members. Key accounts include world-class companies
- location: Subsidiaries in Israel, UK, France, Belgium and Canada support command center and operations
- geographical presence: Service available in 28 countries
- partnership: Cloud on AWS; unifying the communications and app ecosystem. B2B2C relationship with Mastercard. Drone first responders deployed in Coral Gables, Florida
- Service amount: Processed over 1.28 million security service requests, including over 10,000 emergency/life-saving situations
- response time: The agent connects to the user in seconds. Average response time is reported to be within approximately 4 seconds
- ARR and reservations: As of December 31, 2024, ARR is $9.7 million and reservations are $10.3 million. ARR of $9.6 million and bookings of $10.5 million for the nine months ending September 30, 2025
- customer concentration: 1 customer accounted for 63.6% of revenue in 2024. 51.93% of revenue for the nine months ending September 30, 2025
financial highlights
- Revenue (current): $9,736,000 (FY2024)
- increase in revenue: Up to 35% increase year over year (from $7,192,000 in 2023 to $9,736,000 in 2024)
- gross profit: $709,000 (margin 7.3%)
- Operating profit: Operating loss $(9,583,000) (FY2024)
- net profit: Net loss $(11,017,000) (FY2024)
management
- Doron KaempferCEO and Director – Founder of Bond. Previously, he founded and led SimpliVity (acquired by HPE) and Diligent Technologies (acquired by IBM). Earned an MBA from Harvard University. Former IDF service.
- Amit HodChief Financial Officer – Former CFO of BCM and Senior Auditor of PwC. Oversee finance, IT, and compliance. I have degrees in Accounting, IT, and Law.
- Joseph DeSalvoGlobal Security Officer – Former Chief Security Officer at Blackstone. Former FBI special agent. US Army Veteran. Provides broad enterprise security leadership.
- michael lambertHead of Commercial Operations – Enterprise Sales Leader with roles at Vectra AI and MSC Software. A graduate of the U.S. Naval Academy and a former Marine Corps officer.
How IPO works
- Publisher:TG-17 Co., Ltd.
- Application date:February 3, 2026
- suggested ticker: Obai
- exchange: NASDAQ Global Market
- Number of shares offered: Up to 34,073,681 shares (resale by registered shareholders)
- Lead underwriter securities company: None (Maxim Group LLC serves as financial advisor)
- Use of proceeds: We do not sell securities and do not receive any proceeds from resale.
Original SEC filing: TG-17, Inc. – 424B4 – February 3, 2026
This is an AI-powered summary. It may contain inaccurate information. Please consider confirming important information with the source. Please note that this summary is based solely on documents filed with the SEC.
