The OLB Group, Inc. (NASDAQ:OLB) shares are tumbling on Friday following the announcement of a $1.3 million registered direct offering of common stock and warrants.
Over 2 Million Shares Included In Direct Offering
The OLB Group has entered into a securities purchase agreement to sell 2,166,666 shares of its common stock at a price of $0.60 per share, totaling approximately $1.3 million before expenses. Additionally, the company will issue warrants to purchase an equal number of shares at an exercise price of $0.78, which will be exercisable six months after issuance.
In this offering, the closing is expected to occur on or about January 26, 2026, pending customary closing conditions. The offering is being conducted under a “shelf” registration statement filed with the SEC, which allows the company to raise capital efficiently.
The broader market is experiencing mixed performance, with the Russell 2000 down 1.83% and the S&P 500 slightly up 0.07%. This backdrop highlights that while OLB’s stock is under pressure, other sectors, particularly Energy and Materials, are gaining traction today.
Earnings Outlook
Investors are looking ahead to the next earnings report on April 14, 2026.
- EPS Estimate: Loss of 14 cents (Up from $-2.30 YoY)
- Revenue Estimate: $2.41 million (Down from $2.74 million YoY)
Shares Slipping In Midday Trading
OLB Price Action: OLB Group shares were down 30.08% at $0.60 at the time of publication on Friday, according to Benzinga Pro data.
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