OLB Group enters $15M ATM equity distribution agreement with Maxim Group

OLB GROUP, INC.

Up to $15M of common stock may be sold at-the-market through Maxim Group as sales agent.
Commission of 3.0% of gross sales price; program term of 12 months or until shares exhausted.
Prospectus supplement filed Feb 20, 2024 covering up to $3.9M of shares under the ATM.
Existing S-3 effective May 3, 2021 (File No. 333-255152) governs issuance.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLB GROUP, INC. entered into Equity Distribution Agreement with Maxim Group LLC valued at up to $15,000,000 (effective 2024-02-16).

Action: entry
Agreement: atm program
Counterparty: Maxim Group LLC
Value: up to $15,000,000
Effective: 2024-02-16

Exact text from the filing

On February 16, 2024, The OLB Group, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Agreement”) with Maxim Group LLC (“Maxim”) to create an at-the-market equity program. Under the Agreement, the Company may offer and sell its common stock, par value $0.0001 per share, from time to time having an aggregate offering amount of up to $15,000,000

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OLB GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-016550

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