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

Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001213900-23-041577
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

OLB Group receives Nasdaq bid-price deficiency notice; 180-day cure period to Nov 13, 2023
--------------------------------------------------------------------------------

- Notice from Nasdaq dated May 16, 2023 for failure to maintain $1.00 minimum closing bid price for 30 consecutive business days.
- Company has 180 calendar days, until November 13, 2023, to regain compliance under Nasdaq Rule 5810(c)(3)(A).
- Compliance can be achieved if closing bid price is $1.00 or more for at least 10 consecutive business days during grace period.
- If not compliant by deadline, Nasdaq will issue a delisting notice; company may appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390023041577/0001213900-23-041577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390023041577/ea178878-8k_theolbgroup.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-041577

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