Current Report Filing (8-k)
16 August 2022 - 10:37PM
Edgar (US Regulatory)
0001314196
false
OLB GROUP, INC.
0001314196
2022-08-12
2022-08-12
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 12, 2022
THE OLB GROUP, INC.
(Exact name of registrant as specified in its charter)
| Delaware |
|
000-52994 |
|
13-4188568 |
(State or other jurisdiction
of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
| 200
Park Avenue, Suite
1700, New
York, NY |
|
10166 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (212) 278-0900
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
| ☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, $0.0001 par value |
|
OLB |
|
Nasdaq Capital Market |
Item 1.01 Entry into a Material Definitive Agreement.
On August 12, 2022, The OLB Group, Inc.
(the “Company”) executed a Services Agreement dated August 3, 2022 (the “Agreement”) in New York, New York to
rent office space and receive communication services for its corporate headquarters. The office is located at 1120 Avenue of the Americas,
4th Floor, New York, NY 10036. The monthly services fee is $2,765.00 with a communications fee of $100 per month. Per the terms
of the Agreement, the fees for the first and 13th month of the term (if extended beyond the initial term) shall be waived.
The initial term of the Agreement is for one year, commencing September 1, 2022 and expiring August 31, 2023 with an automatic extension
of the term of the Company does not provide at least 60 days prior notice to the end of the term.
A copy of the Agreement is filed
as Exhibit 10.1 hereto.
The description of the terms
contained in the Agreement set forth herein does not purport to be complete and is qualified in its entirety by reference to the full
text of each of the exhibits filed herewith and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: August 16, 2022
| |
THE OLB GROUP |
| |
|
| |
By: |
/s/ Ronny Yakov |
| |
Name: |
Ronny Yakov |
| |
Title: |
Chief Executive Officer |
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