Armistice Capital (OLB) reports 1.39M shares, 9.99% stake
Rhea-AI Filing Summary
THE OLB GROUP, INC. disclosure: Armistice Capital, LLC and Steven Boyd report beneficial ownership of 1,387,983 shares of Common Stock, equal to 9.99% of the class as of 03/31/2026. The filing states Armistice Capital, as investment manager to Armistice Capital Master Fund Ltd., exercises voting and investment power over the shares held by the Master Fund.
The document is a joint Schedule 13G signed by Steven Boyd on 05/15/2026, listing shared voting and dispositive power of 1,387,983 shares. The Master Fund is identified as the direct holder; it disclaims legal ownership by reason of the Investment Management Agreement.
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Insights
Armistice reports a passive large stake of 9.99% in OLB as of 03/31/2026.
Armistice Capital, via its Master Fund, is listed as holding 1,387,983 shares with shared voting and dispositive power. The filing is presented on a Schedule 13G, which typically indicates passive or qualifying institutional ownership rather than an activist intent.
Key dependencies include the Investment Management Agreement that gives Armistice voting and investment power and the Master Fund’s legal disclaimer of direct beneficial ownership. Subsequent amendments or conversions would appear in later SEC filings.
Filing structure and attribution follow Schedule 13G conventions and include a joint filing statement.
The statement attributes shared power to Armistice Capital and to Steven Boyd as managing member, and includes the Master Fund as the direct holder entitled to proceeds or dividends. The disclosure notes the Master Fund's right to receive proceeds as required by Item 6.
Investors should note the date anchors: ownership reported as of 03/31/2026 and signatures dated 05/15/2026. Future ownership changes would be reported through amendments.
Key Figures
Key Terms
Schedule 13G regulatory
Investment Management Agreement financial
Beneficial ownership regulatory
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