Item 8.01 Other Events.

On March 8, 2021, The OLB Group, Inc. (the "Company") furnished a press release announcing that it had completed an early payoff of its $7.7 million acquisition-related senior term loan originated in April 2018 (the "Indebteness"). The Company used funds received from recently exercised warrants to purchase the Company's Common Stock, $0.0001 par value (the "Common Stock") to repay the Indebtedness. As a result of the exercise of the warrants, as of March 8, 2021, the Company had 7,114,774 shares of Common Stock issued and outstanding.

The forgoing description of the Press Release does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the full text of the Press Release, which is attached as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.   Description
99.1            Press release, dated March 8, 2021

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