OLB Group Inc. Announces Pricing of $3.0 Million Private Placement at a Premium to Market

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]