On January 22, 2026, The OLB Group, Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") with certain institutional investors (the "Purchasers") pursuant to which the Company agreed to sell and issue, in a registered direct offering, an aggregate of 2,166,666 shares (the "Shares") of the Company's common stock, par value $0.0001 per share ("Common Stock"), and, in a concurrent private placement, warrants (the "Warrants") to purchase up to an aggregate of 2,166,666 shares of Common Stock (the shares of Common Stock issuable upon exercise of the Warrants, the "Warrant Shares"), at a combined purchase price per Share and accompanying Warrant of $0.60 (the "Offering"). The Warrants will be exercisable on the six-month anniversary of issuance, will expire five years following the date of issuance, and have an exercise price of $0.78 per share. The aggregate gross proceeds to the Company from the Offering were approximately $1.3 million, before deducting placement agent fees and other offering expenses. The Company currently intends to use the net proceeds from the Offering for general and working capital purposes. The Offering closed on January 26, 2026.

• No comments yet. Be the first to comment!