OLB Group closes $25M private placement of stock and warrants, net proceeds $22.9M

OLB GROUP, INC.

Closed $25M gross private placement: 4,545,455 common shares (or pre-funded warrants) and 4,545,455 warrants.
Price per unit $5.50; warrants exercisable at $6.50 for five years after resale registration effective date.
Net proceeds of $22.9M to invest in/acquisitions, expand products, and for working capital.
H.C. Wainwright acted as placement agent; resale registration to be filed within 15 days.

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