OLB Group Suspends ATM Program, Authorizes Share Repurchase
News related to:The OLB Group, Inc · 1 min read
NEW YORK, NY, October 6, 2026 /CourierPR/ -- The OLB Group, a financial technology company providing integrated payment processing and merchant services solutions, has announced two significant shareholder-focused actions: the suspension of its at-the-market ("ATM") equity offering program and the authorization of a share repurchase program. These moves reflect the company's confidence in its value and its commitment to advancing its stablecoin payments strategy.
Effective immediately, OLB has suspended its ATM program, which will no longer be used to sell shares. The decision stems from management's view that issuing equity at current market prices does not align with the best interests of shareholders. Meanwhile, the company's Board of Directors has authorized the initial repurchase of up to one million shares of the Company's common stock. These repurchases will be conducted in the open market or through privately negotiated transactions, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and other applicable securities laws.
OLB's Board of Directors has outlined that the timing and amount of these repurchases will be determined by market conditions, share prices, available capital, and other factors. The program does not obligate the company to purchase any specific number of shares or dollar amount, and repurchases will be made in the company's discretion. The program may be modified, suspended, or discontinued at any time.
In addition to these shareholder-focused actions, OLB is focusing on digital-asset and stablecoin payment capabilities as a natural extension of its merchant services business. A new partnership will be announced in the near future, and the company expects to provide further updates on this initiative as milestones are achieved.
The company's announcement underscores its strategic focus on digital assets and stablecoins, which are seen as a key component of its future growth. The suspension of its ATM program and the authorization of a share repurchase program are seen as positive steps towards maintaining shareholder value and aligning the company's financial strategy with its long-term goals.