{"url_path":"/sec/olb/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1314196/0001213900-26-058054-index.html","accession_number":"0001213900-26-058054","cik":"0001314196","ticker":"OLB","issuer_name":"OLB GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1314196/0001213900-26-058054-index.html","primary_entity_key":"0001314196","primary_entity_name":"OLB GROUP, INC."},"word_count":313,"has_tables":true,"body_markdown":"**ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES\nAND USE OF PROCEEDS**\n\n \n\nOn January 22, 2026, the Company entered into\na securities purchase agreement with certain institutional investors pursuant to which it agreed to sell, in a registered direct offering,\n2,166,666 shares of common stock and, in a concurrent private placement, warrants to purchase up to 2,166,666 additional shares of common\nstock at a combined purchase price of $0.60 per share and accompanying warrant. The offering closed on January 26, 2026, generating aggregate\nnet proceeds of approximately $1,096,783, after deducting placement agent fees and other offering expenses. The shares were issued pursuant\nto an effective shelf registration statement on Form S-3, while the warrants were issued in a private placement.\n\n \n\nOn February 18, 2026, the Company entered into\na securities purchase agreement with an institutional investor pursuant to which it issued, in a private placement, pre-funded warrants\nto purchase up to 2,857,142 shares of common stock and common warrants to purchase up to 3,571,428 shares of common stock at a combined\npurchase price of $1.05 per unit. The pre-funded warrants are immediately exercisable at a nominal exercise price, and the common warrants\nhave an exercise price of $0.92 per share and a five-year term. The offering closed on February 19, 2026, generating net proceeds of approximately\n$2,619,613, after deducting placement agent fees and other offering expenses.\n\n \n\nOn January 21, 2026, the Company issued 550,000 shares of common stock\nfor payment of various accounts payable totaling approximately $518,731. The shares were valued at $0.80, the closing stock price on the\ndate of grant, for a total value of $437,325. The Company recorded a gain on the extinguishment of debt of $81,406.\n\n \n\nOn January 21, 2026, the Company issued 350,000\nshares of common stock for prepaid legal services totaling approximately $278,250. The shares were valued at $0.80, the closing stock\nprice on the date of grant."}