The OLB Group, Inc. provides integrated financial and transaction processing services for small- and mid-sized merchants in the United States. The company operates a Crowdfunding platform used to facilitate a capital raise anywhere of various types of securities under Regulation D, Regulation Crowdfunding, Regulation A, and the Securities Act of 1933; a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses; payment processing solutions to merchants, which enable merchants to process credit and debit card-based internet payments for sales of their products; and payment gateway and virtual terminal with proprietary business management tools. It is also involved in the cryptocurrency mining activities; cryptocurrency-related lending and transactional services; and provision of ecommerce development and consulting services. The company was founded in 1993 and is headquartered in New York, New York.
The OLB Group Launches Share Buyback; Suspends ATM Program
The OLB Group suspended its at-the-market equity offering program effective immediately, stating that issuing shares at current prices does not serve shareholders.
The board also authorized an initial repurchase of up to one million shares, executed at the company's discretion under Rule 10b-18, with no obligation to buy any specific amount.
The company flagged a strategic push into stablecoin-enabled payments with a new partnership to be announced, and its forward-looking statements cite risks including maintaining its Nasdaq listing.