OLB Shares Climb, Still Face $1 Compliance Risk
OLB Group shares jumped 5.41% to $0.4680 Friday but remain below Nasdaq’s $1 minimum bid, with a compliance deadline set for July 28. First-quarter revenue fell 28.7% to $1.656 million, with a net loss of $1.078 million. Armistice Capital disclosed a 9.99% stake. OLB plans to spin off its DMint bitcoin-mining unit.