secwatch.observer — SEC 8-K summary
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Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2021-08-26T23:59:59+00:00
Accession:  0001213900-21-044831
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390021044831/0001213900-21-044831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390021044831/ea146269-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-044831

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