Recent 8-K filings for OLB
Highest-materiality recent filing
OLB Group to spin off DMint mining subsidiary; shareholders to receive DMint shares pro rata
- Shareholders of record will receive DMint shares pro rata without additional investment; shares delivered via DTC.
- DMint will conduct a public offering under Form S-1 (333-292762); proceeds for mining gear and facility expansion.
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OLB Group raises $3.0M in private placement of common stock and warrants at $1.05/unit
Gross proceeds ~$3.0M from sale of 2.86M pre-funded warrants and 3.57M common warrants at combined $1.05/unit.
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OLB Group receives Nasdaq bid-price deficiency notice; 180-day cure until July 28, 2026
Nasdaq notified OLB of failure to maintain $1.00 minimum closing bid price for 30 consecutive business days.
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OLB Group to spin off DMint mining subsidiary; shareholders to receive DMint shares pro rata
Shareholders of record will receive DMint shares pro rata without additional investment; shares delivered via DTC.
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OLB Group regains Nasdaq compliance, avoids delisting after bid price recovers
Received delisting warning on May 14 after bid price remained below $1 for 30 days.
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OLB Group enters $15M ATM equity distribution agreement with Maxim Group
Up to $15M of common stock may be sold at-the-market through Maxim Group as sales agent.
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OLB Group acquires 80.01% of SDI platform for $850k; gains access to 31,600 retail locations
Paid $850,000 for 80.01% membership interest in Cuentas SDI, LLC from SDI Black 001, LLC.
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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.
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OLB Group FY2022 revenue up 81.7% to $30.4M; Bitcoin mining spinoff planned
Total revenue $30.4M vs $16.7M in 2021, an 81.7% increase.
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OLB Group regains Nasdaq minimum bid price compliance after closing above $1.00 for 10 days
Received written notice from Nasdaq on Jan 30, 2023 confirming bid price compliance for 10 consecutive business days (Jan 12-27).
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OLB Group CEO and VP Finance buy 114,143 shares; company repurchases 116,172 shares
CEO Ronny Yakov and VP Patrick Smith purchased 114,143 shares in open market since Dec 1, 2022; plan to add periodically.
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OLB Group receives Nasdaq deficiency notice for bid price below $1.00 per share
Received Nasdaq notice on Dec 15, 2022, for failing to maintain minimum $1.00 close for 30 consecutive business days.
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OLB Group announces $1.35B annual transaction run rate; revenue run rate exceeds $36M
Annual transaction volume run rate reaches $1.35 billion from 28.5 million transactions.
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Ronny Yakov's contract runs through Dec 31, 2027 with $750,000 annual base salary.
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DMINT subsidiary signed 5-year leases for two cells totaling 10,000 sq ft at Bradford Regional Airport Authority building, with monthly rents of $1,666.67 and $2,500.
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OLB Group acquires Crowd Ignition for $5.3M in stock; related-party with CEO and major shareholder
OLB issued 1,318,408 shares valued at $5.3M to acquire 100% of Crowd Ignition, a crowdfunding software platform.
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OLB Group acquires CBD merchant portfolio from FFS Data for $20M in cash and escrow
OLB pays $16M at closing, $2M in 6 months, and $2M in escrow subject to revenue attrition adjustment.
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OLB Group closes $25M private placement of stock and warrants, net proceeds $22.9M
Closed $25M gross private placement: 4,545,455 common shares (or pre-funded warrants) and 4,545,455 warrants.
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OLB Group to acquire Crowd Ignition in $5.3M share exchange; related party transaction
OLB to issue 1,318,408 shares to acquire 100% of Crowd Ignition; purchase price $5.3M based on Oct 1 closing price.
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OLB Group raises $25M via private placement of common stock and warrants
Gross proceeds of ~$25M from sale of 4.5M shares/pre-funded warrants and warrants at $5.50/unit.
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OLB Group secures $6.1M registered direct offering of common stock and warrants
Offering of 1,418,605 shares at $4.30 per share, with warrants to purchase up to 1,418,605 shares at $5.42 per share.
Materiality & sentiment trend
Max materiality 0.80 · Median 0.60 · Most common event other_material