The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 2,857,142 shares of its common stock (or prefunded warrants in lieu thereof) together with warrants to purchase up to 3,571,428 shares of common stock at combined purchase price of $1.05 per share and accompanying warrants. The warrants have an exercise price of $0.92 per share, are exercisable directly after effectiveness of the resale registration statement for the common stock underlying the warrants, and will have a term of five years from the effectiveness of the resale registration statement.

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