Item 3.01 Notice of Delisting or Failure To Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On May 16, 2023, 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). In accordance with NASDAQ Listing Rule 5810(c)(3)(A), we have 180
calendar days, or until November 13, 2023, to regain compliance. If, at any time
during the 180-day grace period, our closing bid price is $1.00 or more for a
minimum of 10 consecutive business days, we will have regained compliance and
NASDAQ will provide us with written confirmation of such.
If we do not regain compliance with the continued listing requirements during
the grace periods, NASDAQ will give us written notice that our securities are
subject to delisting. In the event of such notification, we may appeal Nasdaq's
determination to delist our securities, but there can be no assurance NASDAQ
would grant our request for continued listing.
Our common stock will continue to be listed and traded on the NASDAQ Capital
Market during the grace period, subject to our compliance with the other
continued listing requirements of the NASDAQ Capital Market.
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