Item 3.01 Notice of Delisting or Failure To Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On December 15, 2022, The OLB Group, Inc. ("we", "us" or "our") received written
notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC
("NASDAQ") notifying us that, for a period of 30 consecutive business days, we
failed to maintain a minimum closing bid price of $1.00 as required for
continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule
5550(a)(2).
On January 30, 2023, we received a notice from NASDAQ that it had determined
that for the prior 10 consecutive business days, from January 12, 2023 to
January 27, 2023, the closing bid price for the Company's common stock has been
at $1.00 per share or greater. Accordingly, the Company has regained compliance
with NASDAQ Listing Rule 5550(a)(2) and the matter is closed. A press release
was issued by the Company on February 1, 2023 announcing the determination of
compliance.
The forgoing description of the Press Release does not purport to be complete
and is subject to, and is qualified in its entirety by reference to, the full
text of the Press Release, which is attached as Exhibit 99.1 to this Current
Report on Form 8-K, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press release, dated February 1, 2023
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
© Edgar Online, source Glimpses
THE OLB GROUP, INC. 
