secwatch.observer — SEC 8-K summary
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Issuer:     OLB GROUP, INC. (OLB)
CIK:        0001314196
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001213900-24-038883
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OLB Group announces 1:10 reverse stock split effective May 6, 2024
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- Shareholders approved reverse stock split at special meeting on April 26, 2024.
- Every 10 pre-split shares become 1 share; outstanding shares reduce from 18,103,462 to approx. 1,810,346.
- Reverse split intended to increase share price to maintain Nasdaq listing; ticker remains OLB.
- No fractional shares issued; cash in lieu; new CUSIP 67086U406.
- Common stock begins trading on post-split basis from May 6, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1314196/000121390024038883/0001213900-24-038883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1314196/000121390024038883/ea0204763-8k_olb.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-038883

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