OLB Group enters equity distribution deal with Maxim for USD 1.6 million ATM offering - OLB News | RalliesOLB Group enters equity distribution deal with Maxim for USD 1.6 million ATM offering
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OLB• OLB Group agrees to at-the-market equity distribution with Maxim
- OLB Group entered an equity distribution agreement with Maxim Group for an at-the-market common stock offering.
- A prospectus supplement registers up to $1.6 million of shares under its existing Form S-3 shelf registration.
- Maxim will act as sales agent or principal, using commercially reasonable efforts to place shares from time to time.
- The commission is set at 3% of gross share sale proceeds, with reimbursement of certain out-of-pocket expenses.
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