secwatch.observer — SEC 8-K summary
======================================

Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001213900-21-057223
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390021057223/0001213900-21-057223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390021057223/ea150061-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-057223

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