---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-056329"
form_type: "8-K"
ticker: "OLB"
cik: "0001314196"
company_name: "OLB GROUP, INC."
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T13:45:51.820688+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OLB Group raises $25M via private placement of common stock and warrants

## Summary
- Gross proceeds of ~$25M from sale of 4.5M shares/pre-funded warrants and warrants at $5.50/unit.
- Warrants exercisable at $6.50/share for 5 years from registration effective date.
- Net proceeds ~$23M for acquisitions, marketing, working capital, and general purposes.
- Placement agent H.C. Wainwright receives 7.5% cash fee and warrants at $6.875.
- CEO subject to lock-up for 60 days post-registration; company restricted from variable rate transactions for 1 year.

## SEC filing metadata
- accession: 0001213900-21-056329
- form_type: 8-K
- ticker: OLB
- cik: 0001314196
- company_name: OLB GROUP, INC.
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314196/000121390021056329/0001213900-21-056329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314196/000121390021056329/ea149868-8k_theolbgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-056329
- JSON: https://secwatch.observer/filing/0001213900-21-056329.json
- Plain text: https://secwatch.observer/filing/0001213900-21-056329.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.