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OLB Group Inc. Announces Pricing of $3.0 Million Private Placement at a Premium to Market
Accessnewswire· 2026-02-18 15:10
Core Viewpoint - The OLB Group, Inc. has entered into a securities purchase agreement with an institutional investor for the sale of common stock and warrants, indicating a strategic move to raise capital for its operations [1] Group 1: Securities Purchase Agreement - The company will sell 2,857,142 shares of its common stock or prefunded warrants in lieu thereof [1] - The combined purchase price for the shares and accompanying warrants is set at $1.05 per share [1] - The warrants allow for the purchase of up to 3,571,428 shares of common stock at an exercise price of $0.92 per share [1] Group 2: Warrants Details - The warrants are exercisable directly after the effectiveness of the resale registration statement for the common stock underlying the warrants [1] - The term of the warrants is five years from the effectiveness of the resale registration statement [1]
OLB Group Stock Skyrockets On PayPal Partnership
Benzinga· 2026-02-17 16:47
Core Viewpoint - OLB Group's stock is experiencing significant upward momentum, attributed to a new partnership with PayPal that enhances its payment solutions for merchants [1][10]. Group 1: Partnership and Integration - OLB has entered a partnership with PayPal, allowing integration of PayPal's checkout and wallet solutions into its SecurePay gateway and other platforms [2]. - This partnership will provide OLB merchants access to various PayPal services, including PayPal Checkout, Venmo, Pay Later, and PayPal Credit, along with fraud protection and cross-border payment tools [2][3]. - The integration aims to simplify merchant onboarding, consolidate settlement and reporting, and expand access to buyers in over 200 markets [3]. Group 2: Market Performance and Stock Analysis - OLB stock is currently trading 12.5% above its 20-day simple moving average (SMA) but is 20.8% below its 100-day SMA, indicating short-term strength but longer-term challenges [5]. - Over the past year, OLB shares have decreased by 34.65%, and they are closer to their 52-week lows than highs [5]. - The stock's current price action shows a significant increase of 137.32%, reaching 99 cents, with key resistance at $1.50 and support at 75 cents [10]. Group 3: Industry Context - The overall market is experiencing fluctuations, with fintech stocks like OLB benefiting from a shift in consumer behavior towards digital solutions amid economic pressures [7]. - OLB Group operates as a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise, focusing on integrated business solutions for merchants across the U.S. [8]. - The company's offerings include a cloud-based business management platform that provides turnkey solutions for both online and brick-and-mortar retail businesses [9].
OLB Group Inc. Announces Pricing of $1.3 Million Registered Direct Offering of Common Stock and Warrants
Accessnewswire· 2026-01-23 13:30
Core Viewpoint - The OLB Group, Inc. has announced a securities purchase agreement to sell 2,166,666 shares of common stock at a price of $0.60 per share, totaling approximately $1.3 million before expenses [1] Group 1 - The company is a diversified fintech entity that provides payment processing and digital asset technology solutions [1] - The securities purchase agreement includes a concurrent private placement where the company will issue warrants to purchase up to 2,166,666 shares of common stock [1]
The OLB Group, Inc. Provides Update on DMint Spin-Off and Planned Current Offering
Accessnewswire· 2026-01-20 14:00
Core Viewpoint - The OLB Group, Inc. is advancing its plans for the spin-off of its cryptocurrency mining subsidiary, DMint, Inc., with the recent refiling of its Form S-1 Registration Statement with the U.S. Securities and Exchange Commission [1] Group 1 - The OLB Group, Inc. is a diversified fintech company that provides payment processing and digital asset technology solutions [1] - DMint, Inc. is the cryptocurrency mining subsidiary of the OLB Group [1] - The Form S-1 Registration Statement was refiled on January 15, 2026 [1]
The OLB Group, Inc. Announces 2025 Annual Meeting of Stockholders
Accessnewswire· 2025-12-11 14:30
Core Points - The OLB Group, Inc. will hold its 2025 Annual Meeting of Stockholders virtually on December 19, 2025, at 10:00 a.m. Eastern Time [1] - Stockholders of record as of November 25, 2025, are invited to attend and vote on key matters affecting the company's future [1] Meeting Details - Date and Time: December 19, 2025, at 10:00 AM Eastern Time [2] - Location: Virtual Meeting with a provided link for attendance [2] - Agenda Items include the election of directors, ratification of the independent auditor, and approval of executive compensation [2][5] Participation Information - Stockholders are encouraged to review proxy materials and submit votes prior to the meeting [3] - Registration instructions are available through the meeting link [3] Company Overview - The OLB Group, Inc. is a diversified fintech company specializing in integrated payment solutions and OmniCommerce [4] - The company serves businesses nationwide with secure and innovative financial technology platforms [4] Agenda Items for Consideration 1. Election of Directors: Nominees include Ronny Yakov, Ehud Ernst, Amir Sternhell, and Alina Dulimof for a one-year term [5] 2. Ratification of Independent Auditor: RBSM, LLP is proposed as the independent registered public accounting firm for the fiscal year ending December 31, 2025 [5] 3. Executive Compensation Advisory Vote: An advisory vote to approve the compensation of named executive officers [5] 4. Other Business: Updates on spin-off Dmint, ongoing litigations, and new products for 2026 will be discussed [5]
The OLB Group Announces Completion of PCI DSS 4.0 Certification for SecurePay Payment Gateway
Accessnewswire· 2025-12-03 14:15
Core Insights - The OLB Group, Inc. has achieved PCI DSS Version 4.0 certification for its SecurePay payment gateway, marking a significant milestone in payment security [1] Group 1: Company Developments - The certification represents the latest and most comprehensive security standard established by the Payment Card Industry Security Standards Council [1] - PCI DSS 4.0 introduces enhanced requirements aimed at addressing evolving cyber threats [1] - The update is the most significant change to payment security standards in over a decade, emphasizing the importance of protecting cardholder data [1]
The OLB (OLB) - 2025 Q3 - Quarterly Report
2025-11-14 21:01
Revenue Performance - Total revenue for the three months ended September 30, 2025, was $2,313,194, a decrease of $770,728 or 25% compared to $3,083,922 for the same period in 2024[158] - For the nine months ended September 30, 2025, total revenue was $6,901,921, a decrease of $3,199,334 or 31.7% compared to $10,101,258 for the same period in 2024[166] Transaction and Processing Fees - Transaction and processing fees accounted for $2,106,362 of the total revenue in Q3 2025, down from $2,569,596 in Q3 2024[158] Costs and Expenses - Processing and servicing costs decreased by $513,477 or 19.7% to $2,090,937 in Q3 2025 from $2,604,414 in Q3 2024[159] - Processing and servicing costs for the nine months ended September 30, 2025, were $5,864,065, down $2,466,621 or 29.6% from $8,330,686 in 2024[167] - General and administrative expenses for the nine months ended September 30, 2025, were $1,573,485, a decrease of $682,188 or 30.2% from $2,255,673 in 2024[172] - Professional fees for the nine months ended September 30, 2025, were $554,129, a decrease of $1,112,841 or 66.8% compared to $1,666,970 in 2024[171] - Salary and wage expense decreased by $102,280 or 16.9% to $502,504 in Q3 2025 from $604,784 in Q3 2024 due to a reduction in headcount[162] - Amortization expense for Q3 2025 was $0, a decrease of $112,499 compared to $112,499 in Q3 2024[160] - Depreciation expense for the Bitcoin Mining Segment was $120,694 in Q3 2025, down 81.6% from $656,017 in Q3 2024[161] Net Loss - The net loss for the nine months ended September 30, 2025, was $4,388,332, a decrease of $2,290,556 compared to $6,678,888 for the same period in 2024[174] - The company recognized a $775,000 deemed dividend for preferred stock and a $30,630 for preferred dividends, resulting in a net loss applicable to common shareholders of $5,193,962[174] Cash and Financing Activities - The company had cash of $3,540 and negative working capital of $6,036,698 as of September 30, 2025[179] - The company received net cash of $1,267,224 from financing activities for the nine months ended September 30, 2025, compared to $1,116,275 in 2024[178] - The company has entered into an Equity Distribution Agreement with Maxim Group LLC to raise up to $15,000,000, with proceeds of $2,009,723 as of September 30, 2025[180] Business Developments - The company plans to complete the buildout of a Bitcoin mining data center in Selmer, Tennessee, to support up to 5,000 mining machines by 2025[148] - The company acquired 80.01% of Moola Cloud, LLC, to enhance marketing to underbanked communities, with plans to fully acquire the remaining 19.99% for $215,500[153] - The company is in the process of spinning off DMINT into a standalone entity, pending SEC approval[149] - The company launched a new merchant and ISO boarding system in July 2019 to automate merchant onboarding[144] Going Concern - The company may require additional resources to execute its business plans, with substantial doubt about its ability to continue as a going concern without raising additional capital[183]
DMINT(DMNT) - Prospectus(update)
2025-10-01 18:53
As filed with the Securities and Exchange Commission on October 1, 2025 Registration Number 333-282740 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices) Ronny Yakov Chief Executive Officer 1120 Avenue of the Americas, 4Floor New York, NY 10036 (212) 278-0900 (Name, Address, Including Zip ...
DMINT(DMNT) - Prospectus(update)
2025-08-28 21:38
DMINT, INC. (Exact Name of Registrant as Specified in its Charter) As filed with the Securities and Exchange Commission on August 28, 2025 Registration Number 333-282740 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Barry I. Grossman, Esq. David Selengut, Esq. Justin Grossman, Esq. Ellenoff Grossman & Schole LLP 1345 Avenue of the Americas New York, NY 10105 Phone: (212) 370-1300 Fax: (212) 370-7889 ...
The OLB (OLB) - 2025 Q2 - Quarterly Report
2025-08-19 21:00
Revenue Performance - For the three months ended June 30, 2025, total revenue was $2,267,191, a decrease of $1,253,963 or 35.6% compared to $3,521,154 for the same period in 2024[154] - For the six months ended June 30, 2025, total revenue was $4,588,727, a decrease of $2,428,609 or 34.6% compared to $7,017,336 for the same period in 2024[164] Transaction and Processing Fees - Transaction and processing fees for Q2 2025 were $2,096,342, down from $2,484,193 in Q2 2024, reflecting a significant decline in revenue from Moola Cloud, LLC[154] - Processing and servicing costs for the six months ended June 30, 2025, were $3,773,128, down $1,953,144 or 34.1% from $5,726,272 in the prior year[165] Expenses - Processing and servicing costs decreased to $1,964,314 in Q2 2025, down $1,008,365 or 33.9% from $2,972,679 in Q2 2024, in line with the revenue decline[155] - Salary and wage expense increased to $1,052,614 in Q2 2025, an increase of $363,416 or 52.7% compared to $689,198 in Q2 2024, attributed to a non-cash bonus expense[158] - General and administrative expenses for the six months ended June 30, 2025, were $981,627, a decrease of $991,252 or 50.2% from $1,972,879 in the prior year[170] - Professional fees for the six months ended June 30, 2025, were $412,139, a decrease of $801,159 or 66% compared to $1,213,298 for the same period in 2024[169] - The company recorded no amortization expense in Q2 2025, down from $117,847 in Q2 2024, as most assets were fully amortized[156] Net Loss - The net loss for the six months ended June 30, 2025, was $3,213,312, a decrease of $1,835,318 compared to a net loss of $5,048,630 for the same period in 2024[172] Cash and Financing Activities - The company had cash of $2,662 and negative working capital of $5,037,442 as of June 30, 2025[176] - The company received net cash of $1,150,841 from financing activities for the six months ended June 30, 2025, compared to $751,590 in the same period of 2024[175] - The company entered into an Equity Distribution Agreement with Maxim Group LLC to offer up to $15,000,000 in common stock, with proceeds of $2,009,723 as of June 30, 2025[177] Business Developments - The company plans to complete the buildout of a Bitcoin mining data center in Selmer, Tennessee, with a capacity for up to 5,000 machines by 2025[145] - The company acquired 80.01% of Moola Cloud, LLC, focusing on marketing to underbanked communities, with a merchant network of approximately 31,600 locations in the U.S.[149] - The company is in the process of spinning off DMINT into a standalone entity, pending SEC approval of its Form S-1 Registration Statement[146] - The company recognized a loss on the extinguishment of debt of $52,000 and a loss on conversion of accrued salaries and loans payable of $175,763 during the six months ended June 30, 2025[171] - The company may require additional resources to execute its business plans, with substantial doubt about its ability to continue as a going concern without raising additional capital[180] Depreciation - Depreciation expense for the Bitcoin Mining Segment was $120,967 in Q2 2025, a decrease of $722,704 or 85.7% from $843,671 in Q2 2024, due to asset impairments[157] Integration and Technology - The company has integrated its OmniSoft applications with the eVance mobile payment gateway, enhancing merchant onboarding capabilities[141]