secwatch.observer — SEC 8-K summary
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Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2022-01-05T23:59:59+00:00
Accession:  0001213900-22-000550
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OLB Group acquires Crowd Ignition for $5.3M in stock; related-party with CEO and major shareholder
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390022000550/0001213900-22-000550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390022000550/ea153375-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-000550

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