OLB Group Issued Status Update On Spin-Off In Open Letter

Benzinga·02/27/2025 14:07:19

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Dear Shareholders,

Thank you for taking the time to read our letter and for your ongoing support of The OLB Group, Inc. We are aware that everyone has been anticipating the DMint spin-off and are wondering why it is taking so long and whether it will actually happen. We have decided to issue this letter to provide an update to our shareholders.

On Monday, February 24, 2025, the U.S. Securities & Exchange Commission Division of Corporation Finance Office of Crypto Assets indicated to us that they have no further comments at this time on our Registration Statement on Form S-1. However, the Registration Statement does remain subject to their review of the December 31, 2024 audited financial statements in a further amendment to the Registration Statement, which we plan to file prior to March 31, 2025.

Steps that have to happen to spin off DMint as a stand-alone company

File the December 31, 2024 audited financial statements.

Clear Nasdaq requirements.

Announce the official shareholder of record date for the distribution of shares.

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