Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
After August 11, 2020, our common stock was trading
under the symbol “OLB” on the NASDAQ Capital Market (“NASDAQ”). Prior to August 11, 2020, our common stock was
quoted under the symbol “OLBG” on the Pink Open Market (f/k/a OTC Pink) published by OTC Markets Group, Inc. (“OTC Pink”),
where an established public trading market for our common stock did not exist.
At April 1, 2025 there were approximately 150
holders of record of our common stock, although we believe that there are other persons who are beneficial owners of our common stock
held in street name. The transfer agent and registrar for our common stock is Transfer Online, Inc., 317 SW Alder Street, 2nd Floor Portland,
OR 97204. Their telephone number is (503) 227-2950.
Dividend Policy
We have never paid any cash dividends and intend,
for the foreseeable future, to retain any future earnings for the development of our business. Our Board of Directors will determine our
future dividend policy on the basis of various factors, including our results of operations, financial condition, capital requirements
and investment opportunities.
Recent Issuance of Unregistered Securities
On January 16, 2024, the Company issued 39,211
shares of common stock to its VP of Finance, Patrick Smith. The shares were issued for bonus compensation of $300,000 that was accrued
as of December 31, 2023 (see Note 14).
On January 16, 2024, the Company issued 78,421
shares of common stock to its CEO, Ronny Yakov. The shares were issued for bonus compensation of $600,000 that was accrued as of December
31, 2023 (see Note 14).
On January 24, 2024, Mr. Yakov exercised options
to purchase a total of 1,187,919 pre-split shares of common stock (118,792 post-split) for $4,079 (see Note 9 and Note 14).
On January 24, 2024, Mr. Smith exercised options
to purchase a total of 381,069 pre-split shares of common stock (38,107 post-split) for $2,761 (see Note 9 and Note 14).
During the year ended December 31, 2024, the Company
sold 478,637 shares of common stock from its ATM Offering, for total proceeds of $1,090,890.
During the year ended December 31, 2024, the Company
issued 2,500 shares of common stock as a charitable contribution. The shares were valued at $1.89, the closing price on the date of grant,
for total non-cash expense of $4,725.
Securities Authorized for Issuance Under Equity
Compensation Plans
None.
Item 6. [Reserved]
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