M&A
confidence high
sentiment neutral
materiality 0.65
OLB Group acquires Crowd Ignition for $5.3M in stock; related-party with CEO and major shareholder
OLB GROUP, INC.
- OLB issued 1,318,408 shares valued at $5.3M to acquire 100% of Crowd Ignition, a crowdfunding software platform.
- Crowd Ignition provides a platform for broker-dealers and law firms to market crowdfunding offerings, complying with Reg D, Reg A+, and Reg CF.
- Sellers are Ronny Yakov (CEO/Chairman of OLB) and John Herzog (significant shareholder), making the transaction related-party.
- Crowd Ignition is one of approximately 50 companies registered with the SEC to provide services under Regulation CF.
- Transaction closed January 3, 2022; Crowd Ignition becomes a wholly owned subsidiary of OLB.