OLB Group secures $6.1M registered direct offering of common stock and warrants

OLB GROUP, INC.

Offering of 1,418,605 shares at $4.30 per share, with warrants to purchase up to 1,418,605 shares at $5.42 per share.
Gross proceeds ~$6.1M; net proceeds estimated at ~$5.6M after placement agent fees and offering expenses.
Warrants exercisable six months from issuance, expire five and a half years from issuance.
Proceeds to be used for working capital, potential acquisitions, and technology investments.
Expected closing on or about August 23, 2021, subject to customary closing conditions.

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