Business
The OLB Group, Inc. Provides Update on DMint Spin-Off and Planned Current Offering
NEW YORK, NY / ACCESS Newswire / January 20, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced key developments regarding ...
About this update from The Olb Group, Inc.
[{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / January 20, 2026 / The OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified fintech company providing payment processing and digital asset technology solutions, today announced key developments regarding the planned spin-off of its cryptocurrency mining subsidiary, DMint, Inc. ("DMint").","length":367,"tagName":"p"},{"type":"text","content":"S-1 Registration Statement UpdateDMint refiled its Form S-1 Registration Statement with the U.S. Securities and Exchange Commission on January 15, 2026. We believe this filing represents a significant step forward in the Company's efforts to complete the spin-off transaction and position DMint for its public market debut.","length":328,"tagName":"p"},{"type":"text","content":"Transaction Terms UnchangedThe Company reaffirms that all previously announced terms of the spin-off remain unchanged. Shareholders of OLB will receive 100% of DMint shares on a pro-rata basis, distributed as a dividend in proportion to their OLB holdings as of the record date to be announced. Simultaneously with the spin-off, the Company plans to raise capital directly into DMint through the IPO to fund operations and expansion of its cryptocurrency mining infrastructure.","length":478,"tagName":"p"},{"type":"text","content":""As we begin 2026, we are excited to provide this update on the progress of our DMint spin-off," said Ronny Yakov, Chief Executive Officer of The OLB Group. "We believe the progress to date underscores our commitment to executing this transaction in a manner that maximizes value for our shareholders. We believe the spin-off will unlock significant value by allowing DMint to operate independently while providing our shareholders with direct ownership in a pure-play digital asset mining company."","length":519,"tagName":"p"},{"type":"text","content":"Mr. Yakov continued, "We refiled the S-1 on January 15th to reflect this important strategic initiative. We remain grateful for the continued support of our shareholders as we work to deliver on our commitments."","length":222,"tagName":"p"},{"type":"text","content":"You can see the public filing available at the following link: https://www.sec.gov/Archives/edgar/data/1996450/000121390026004793/ea0272315-s1_dmint.htm","length":152,"tagName":"...