Shares of OLB Group Inc (NASDAQ:OLB) slumped sharply in premarket trading on Friday, falling about 33.7% after the fintech company unveiled a new common stock offering priced well below its prior market value.
The company said it has entered into a securities purchase agreement to sell 2,166,666 shares of common stock at $0.60 per share, generating gross proceeds of roughly $1.3 million before fees and expenses. The steep discount to the stock’s previous closing price sparked the pronounced selloff.
Alongside the share issuance, OLB Group plans to offer warrants to purchase up to an additional 2,166,666 shares through a concurrent private placement. The warrants will carry an exercise price of $0.78 per share, become exercisable six months after issuance, and remain outstanding for five years.
D. Boral Capital LLC is acting as the exclusive placement agent for the transaction, which is expected to close on or around January 26, 2026, subject to customary closing conditions.
OLB Group operates as a diversified fintech provider, offering payment processing and digital asset technology solutions. Its product suite includes the SecurePay payment gateway, which allows merchants to accept and manage payments across multiple channels.