The OLB (OLB)
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OLB Group Inc. Announces Pricing of $1.3 Million Registered Direct Offering of Common Stock and Warrants
Accessnewswire· 2026-01-23 13:30
NEW YORK CITY, NY / ACCESS Newswire / January 23, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced that it has entered into a securities purchase agreement for the purchase and sale of 2,166,666 shares of its common stock at purchase price of $0.60 per share for an aggregate price of approximately $1.3 million before deducting commissions and expenses of the offering. In additi ...
The OLB Group, Inc. Provides Update on DMint Spin-Off and Planned Current Offering
Accessnewswire· 2026-01-20 14:00
NEW YORK, NY / ACCESS Newswire / January 20, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced key developments regarding the planned spin-off of its cryptocurrency mining subsidiary, DMint, Inc. ("DMint"). S-1 Registration Statement Update DMint refiled its Form S-1 Registration Statement with the U.S. Securities and Exchange Commission on January 15, 2026. ...
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]
The OLB (OLB) - 2025 Q1 - Quarterly Report
2025-05-15 20:05
Financial Performance - For the three months ended March 31, 2025, total revenue was $2,321,536, a decrease of $1,174,646 or 33.6% compared to $3,496,182 for the same period in 2024[136] - Transaction and processing fees for the three months ended March 31, 2025 were $2,058,277, down from $2,288,209 in the prior year[136] - The Company recorded revenue from the Cryptocurrency Mining segment of $85,482 for the three months ended March 31, 2025[136] - The net loss for Q1 2025 was $1,088,998, a reduction of $1,311,620 compared to a net loss of $2,400,618 in Q1 2024[145] Expenses - Processing and servicing costs decreased to $1,808,814 for the three months ended March 31, 2025, a reduction of $944,779 or 34.3% from $2,753,593 in 2024[137] - Amortization expense for the three months ended March 31, 2025 was $3,972, a significant decrease of 97.9% from $190,961 in the same period of 2024[138] - Depreciation expense for the Bitcoin Mining Segment was $258,349 for the three months ended March 31, 2025, down 65.5% from $749,520 in 2024[139] - Salary and wage expense for Q1 2025 was $531,356, a decrease of $484,982 or 47.7% compared to Q1 2024[141] - Professional fees for Q1 2025 were $77,573, down $570,870 or 88% from $648,443 in Q1 2024[142] - General and administrative expenses for Q1 2025 totaled $490,151, a decrease of $534,741 or 52.2% from $1,024,892 in Q1 2024[143] Cash Flow and Capital Resources - Cash used in operating activities for Q1 2025 was $155,842, compared to $424,700 in Q1 2024[146] - As of March 31, 2025, the company had cash of $29,340 and negative working capital of $9,277,512[148] - The company has approximately $29,000 in cash and recognizes the need for additional resources to continue operations beyond March 31, 2026[152] - Management believes current resources will fund planned expenditures over the next 12 months, but additional capital may be required[152] Investments and Acquisitions - The Company acquired 80.01% of Moola Cloud, LLC, which focuses on marketing to underbanked communities, and later acquired the remaining 19.99% for $215,500[132] - The Company plans to complete the buildout of a Bitcoin mining data center in Tennessee to support up to 5,000 mining machines by 2025[127] - The Company is in the process of spinning off DMINT into a standalone entity, pending SEC approval[128] Other Financial Agreements - The company entered into an Equity Distribution Agreement with Maxim Group LLC for an aggregate offering amount of up to $15,000,000, with proceeds of $1,278,836 as of March 31, 2025[149] - The Yakov LLC Loan allows borrowing up to $5,000,000 at a 12% interest rate, maturing on June 18, 2025[150] Transaction Volume - eVance merchants are processing over $100,000,000 in gross transactions monthly, averaging approximately 1,400,000 transactions per month[122]
DMINT(DMNT) - Prospectus(update)
2025-05-06 01:57
As filed with the Securities and Exchange Commission on May 6, 2025 Registration Number 333-282740 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Exact Name of Registrant as Specified in its Charter) Delaware 6199 87-2345483 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification No.) DMINT, INC. 1120 Ave ...