secwatch.observer — SEC 8-K summary
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Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001213900-21-056307
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390021056307/0001213900-21-056307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390021056307/ea149851-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-056307

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer