10-K/A Form - [Amend] Annual report [Section 13 and 15(d), not S-K Item 405] - OLB GROUP, INC. (0001314196) (Filer)
Amendment Filing: The OLB Group Inc. filed Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, primarily to include consent from accounting firms and updated certifications from its executive officers.
Market Value and Shares: As of April 7, 2025, the aggregate market value of the company's common equity held by non-affiliates is reported at $3,343,377, with a total of 2,368,075 shares outstanding.
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OLB Group Announces $1.3 Million Direct Stock Offering, Shares Drop 30.08%
- Direct Stock Offering: OLB Group has entered into a securities purchase agreement to sell 2,166,666 shares of common stock at $0.60 each, totaling approximately $1.3 million, with closing expected on January 26, 2026, indicating urgent capital-raising needs for the company.
- Warrant Issuance: The offering includes warrants to purchase an equal number of shares at an exercise price of $0.78, exercisable six months post-issuance, potentially providing future financing support for the company.
- Market Pressure: Following the announcement, OLB Group shares dropped 30.08%, reflecting investor concerns about the company's financial health amidst mixed market performance, particularly ahead of the upcoming earnings report.
- Earnings Outlook: Investors are looking forward to the earnings report on April 14, 2026, with an estimated loss of 14 cents per share and revenue forecasted at $2.41 million, down from the previous year, highlighting the profitability challenges the company faces.
SLB Limited Reports 5% Revenue Growth to $9.745 Billion in Q4
- Revenue Growth: SLB Limited reported fourth-quarter revenue of $9.745 billion, reflecting a 5% year-over-year increase and surpassing the analyst estimate of $9.547 billion, indicating stabilization in global upstream activities that boosts market confidence.
- Earnings Performance: While diluted GAAP earnings per share fell to 55 cents from 77 cents a year earlier, the diluted EPS excluding charges was 78 cents, exceeding the 74-cent estimate, showcasing effective cost management strategies.
- Market Reaction: Following the earnings report, SLB's stock rose by 1.37%, indicating positive investor sentiment and recognition of the company's growth potential, particularly amid a recovering global energy demand landscape.
- Industry Outlook: The improvement in SLB's performance not only enhances its competitive position within the industry but also provides a stronger financial foundation for future investments and expansions, suggesting potential for greater market share in the coming years.
OLB Group (OLB) Raises ~$1.3M by Selling 2.17M Shares at $0.60 Each
- Funding Size: OLB Group has entered into a securities purchase agreement to sell 2.17 million shares of common stock at $0.60 each, raising approximately $1.3 million, which will enhance the company's liquidity for future growth.
- Warrant Issuance: The offering includes a concurrent private placement of warrants to purchase an additional 2.17 million shares at an exercise price of $0.78 per share, which is expected to provide additional funding support and improve the capital structure.
- Warrant Terms: These warrants become exercisable six months after issuance and have a five-year term, offering a potential long-term capital source that boosts investor confidence in the company's future growth prospects.
- Transaction Timeline: The transaction is expected to close on or about January 26, 2026, marking OLB Group's proactive positioning in the capital markets to support the achievement of its strategic objectives.
Three Financial Stocks Poised for Growth This Month
Oversold Stocks Opportunity: The financial sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with a Relative Strength Index (RSI) below 30.
Primis Financial Corp: Primis Financial reported weaker quarterly earnings, resulting in a stock decline of about 5% over the past month, with an RSI of 28.5 and a closing price of $11.15.
OLB Group Inc: OLB Group experienced a 25% drop in stock value following a decline in quarterly sales, with an RSI of 23.1 and a closing price of $1.04.
Associated Capital Group Inc: Associated Capital announced its delisting from the NYSE, leading to a 10% decrease in stock price over the month, an RSI of 25.6, and a closing price of $33.58.
Why Coursera Shares Are Trading Higher By Over 7%; Here Are 20 Stocks Moving Premarket
Coursera's Financial Performance: Coursera, Inc. shares rose 7.5% in pre-market trading after reporting better-than-expected first-quarter earnings of 12 cents per share and sales of $179.30 million, surpassing analyst estimates.
Stock Movements: Several stocks experienced significant pre-market movements, with AGM Group Holdings rising 72.9% and Wag! Group Co. falling 25.2%, while Alphabet Inc. gained 5.5% following its positive financial results and dividend increase.
OLB Group Announces Financial Results for Second Quarter, 2024
Financial Performance: The OLB Group reported a significant decline in revenue for Q2 2024, with earnings of $3.5 million compared to $8.3 million in the same quarter last year, and a net loss that increased to $2.6 million from $631 thousand.
Business Developments: The company has acquired full ownership of Black011 and is planning to rebrand it while expanding its product offerings; it is also engaged in litigation related to a previous merchant portfolio acquisition.
OLB Group Announces $1.3 Million Direct Stock Offering, Shares Drop 30.08%
- Direct Stock Offering: OLB Group has entered into a securities purchase agreement to sell 2,166,666 shares of common stock at $0.60 each, totaling approximately $1.3 million, with closing expected on January 26, 2026, indicating urgent capital-raising needs for the company.
- Warrant Issuance: The offering includes warrants to purchase an equal number of shares at an exercise price of $0.78, exercisable six months post-issuance, potentially providing future financing support for the company.
- Market Pressure: Following the announcement, OLB Group shares dropped 30.08%, reflecting investor concerns about the company's financial health amidst mixed market performance, particularly ahead of the upcoming earnings report.
- Earnings Outlook: Investors are looking forward to the earnings report on April 14, 2026, with an estimated loss of 14 cents per share and revenue forecasted at $2.41 million, down from the previous year, highlighting the profitability challenges the company faces.
SLB Limited Reports 5% Revenue Growth to $9.745 Billion in Q4
- Revenue Growth: SLB Limited reported fourth-quarter revenue of $9.745 billion, reflecting a 5% year-over-year increase and surpassing the analyst estimate of $9.547 billion, indicating stabilization in global upstream activities that boosts market confidence.
- Earnings Performance: While diluted GAAP earnings per share fell to 55 cents from 77 cents a year earlier, the diluted EPS excluding charges was 78 cents, exceeding the 74-cent estimate, showcasing effective cost management strategies.
- Market Reaction: Following the earnings report, SLB's stock rose by 1.37%, indicating positive investor sentiment and recognition of the company's growth potential, particularly amid a recovering global energy demand landscape.
- Industry Outlook: The improvement in SLB's performance not only enhances its competitive position within the industry but also provides a stronger financial foundation for future investments and expansions, suggesting potential for greater market share in the coming years.
OLB Group (OLB) Raises ~$1.3M by Selling 2.17M Shares at $0.60 Each
- Funding Size: OLB Group has entered into a securities purchase agreement to sell 2.17 million shares of common stock at $0.60 each, raising approximately $1.3 million, which will enhance the company's liquidity for future growth.
- Warrant Issuance: The offering includes a concurrent private placement of warrants to purchase an additional 2.17 million shares at an exercise price of $0.78 per share, which is expected to provide additional funding support and improve the capital structure.
- Warrant Terms: These warrants become exercisable six months after issuance and have a five-year term, offering a potential long-term capital source that boosts investor confidence in the company's future growth prospects.
- Transaction Timeline: The transaction is expected to close on or about January 26, 2026, marking OLB Group's proactive positioning in the capital markets to support the achievement of its strategic objectives.
Three Financial Stocks Poised for Growth This Month
Oversold Stocks Opportunity: The financial sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with a Relative Strength Index (RSI) below 30.
Primis Financial Corp: Primis Financial reported weaker quarterly earnings, resulting in a stock decline of about 5% over the past month, with an RSI of 28.5 and a closing price of $11.15.
OLB Group Inc: OLB Group experienced a 25% drop in stock value following a decline in quarterly sales, with an RSI of 23.1 and a closing price of $1.04.
Associated Capital Group Inc: Associated Capital announced its delisting from the NYSE, leading to a 10% decrease in stock price over the month, an RSI of 25.6, and a closing price of $33.58.
Why Coursera Shares Are Trading Higher By Over 7%; Here Are 20 Stocks Moving Premarket
Coursera's Financial Performance: Coursera, Inc. shares rose 7.5% in pre-market trading after reporting better-than-expected first-quarter earnings of 12 cents per share and sales of $179.30 million, surpassing analyst estimates.
Stock Movements: Several stocks experienced significant pre-market movements, with AGM Group Holdings rising 72.9% and Wag! Group Co. falling 25.2%, while Alphabet Inc. gained 5.5% following its positive financial results and dividend increase.
OLB Group Announces Financial Results for Second Quarter, 2024
Financial Performance: The OLB Group reported a significant decline in revenue for Q2 2024, with earnings of $3.5 million compared to $8.3 million in the same quarter last year, and a net loss that increased to $2.6 million from $631 thousand.
Business Developments: The company has acquired full ownership of Black011 and is planning to rebrand it while expanding its product offerings; it is also engaged in litigation related to a previous merchant portfolio acquisition.
