OLB GROUP, INC. (OLB) Form 8-K — Aug 12, 2026
The OLB Group entered into an Equity Distribution Agreement with Maxim Group LLC on August 7, 2026, establishing an at-the-market (ATM) offering program for up to $1,600,000 of its common stock, as disclosed in an 8-K filed August 12, 2026. Maxim acts as sales agent, earning a 3.0% commission on the gross sales price, and the company has no obligation to sell any shares; the program runs until the company terminates it on ten business days' written notice or the parties mutually end it on five days' notice. Sales are made under OLB's effective Form S-3 shelf registration (File No. 333-280347, effective July 2, 2024), with a prospectus supplement for the $1,600,000 filed on August 7, 2026.
Key figures
- Gross Proceeds
- 1600000
- Atm commission
- 3.0% of gross sales price
- Registered amount
- $1,600,000
- Registration statement
- Form S-3, File No. 333-280347, effective July 2, 2024
- Company termination notice
- 10 business days written notice
- Agent quarterly legal fee cap
- $3,500 per calendar quarter
- Agent counsel fee reimbursement cap
- $25,000
Price after filing
Close on the filing date to close N calendar days later (from $0.30). Historical, not a forecast.
AI analysis
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