OLB Group Enters Material Definitive Agreement
Ticker: OLB · Form: 8-K · Filed: Feb 23, 2024 · CIK: 1314196
Sentiment: neutral
Topics: material-agreement, corporate-event
TL;DR
**OLB Group just inked a major deal, but the details are still under wraps!**
AI Summary
The OLB Group, Inc. filed an 8-K on February 23, 2024, reporting an "Entry into a Material Definitive Agreement" as of February 16, 2024. This filing indicates a significant new agreement for the company, which operates in business services. The specific details of the agreement, including parties and financial terms, are not disclosed in this summary filing but are referenced as a material event.
Why It Matters
This filing signals a potentially significant strategic or operational change for OLB Group, which could impact its future revenue, expenses, or market position.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its potential impact.
Key Players & Entities
- OLB GROUP, INC. (company) — Registrant
- February 16, 2024 (date) — Date of earliest event reported
- February 23, 2024 (date) — Filing date
- 1120 Avenue of the Americas, 4th Floor, New York, NY 10036 (company) — Business Address
- 212-278-0900 (dollar_amount) — Registrant's telephone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 16, 2024.
What is the primary item reported in this 8-K filing?
The primary item reported is the "Entry into a Material Definitive Agreement" by THE OLB GROUP, INC.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 23, 2024.
What is the business address of THE OLB GROUP, INC. as stated in the filing?
The business address of THE OLB GROUP, INC. is 1120 Avenue of the Americas, 4th Floor, New York, NY 10036.
What is the Commission File Number for THE OLB GROUP, INC.?
The Commission File Number for THE OLB GROUP, INC. is 000-52994.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 13 · Accepted 2024-02-23 17:00:19
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value OLB Nasdaq Capital Market
- $15,000,000 — g an aggregate offering amount of up to $15,000,000 (the "Shares") during the term of the A
- $3,900,000 — prospectus supplement registering up to $3,900,000 of Shares relating to the ATM Offering
Filing Documents
- ea0200520-8k_olbgroup.htm (8-K) — 30KB
- ea0200520ex5-1_olbgroup.htm (EX-5.1) — 8KB
- ea0200520ex10-1_olbgroup.htm (EX-10.1) — 194KB
- ex5-1_001.jpg (GRAPHIC) — 13KB
- 0001213900-24-016550.txt ( ) — 477KB
- olb-20240216.xsd (EX-101.SCH) — 3KB
- olb-20240216_lab.xml (EX-101.LAB) — 33KB
- olb-20240216_pre.xml (EX-101.PRE) — 22KB
- ea0200520-8k_olbgroup_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: February 23, 2024 THE OLB GROUP, INC. By: /s/ Ronny Yakov Name: Ronny Yakov Title: Chief Executive Officer 2