---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-062606"
form_type: "8-K"
ticker: "OLB"
cik: "0001314196"
company_name: "OLB GROUP, INC."
filed_at: "2021-11-30T23:59:59+00:00"
generated_at: "2026-06-28T04:48:00.183761+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OLB Group acquires CBD merchant portfolio from FFS Data for $20M in cash and escrow

## Summary
- OLB pays $16M at closing, $2M in 6 months, and $2M in escrow subject to revenue attrition adjustment.
- Acquisition includes merchant accounts, customer lists, IP, and residuals from Oct 1, 2021.
- 10-year non-compete and non-solicitation covenant against seller and its principals.
- Total consideration of $20M; escrow funds released after 1 year based on revenue shortfall threshold of 20%.

## SEC filing metadata
- accession: 0001213900-21-062606
- form_type: 8-K
- ticker: OLB
- cik: 0001314196
- company_name: OLB GROUP, INC.
- filed_at: 2021-11-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1314196/000121390021062606/0001213900-21-062606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1314196/000121390021062606/ea151441-8k_theolbgroup.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-062606
- JSON: https://secwatch.observer/filing/0001213900-21-062606.json
- Plain text: https://secwatch.observer/filing/0001213900-21-062606.txt

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