OLB Group to acquire Crowd Ignition in $5.3M share exchange; related party transaction

OLB GROUP, INC.

OLB to issue 1,318,408 shares to acquire 100% of Crowd Ignition; purchase price $5.3M based on Oct 1 closing price.
Crowd Ignition is a web-based crowdfunding software platform, one of ~50 SEC-registered companies under Reg CF.
Ronny Yakov (CEO/Chairman) and John Herzog (significant shareholder) own 100% of Crowd Ignition, making this a related-party deal.
Transaction expected to close by end of November 2021, subject to execution of agreement and customary conditions.
Crowd Ignition provides a platform for broker-dealers, merchant banks, and law firms to market crowdfunding offerings.

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