Armistice Capital, LLC Acquires 9.99% Stake in The OLB Group, Inc.

On May 15, 2026, Armistice Capital, LLC and its managing member, Steven Boyd, filed a Schedule 13G regarding their holdings in The OLB Group, Inc. (OLB). The filing reveals that the reporting persons have acquired a significant stake in the company, reporting beneficial ownership of 1,387,983 shares of common stock. This position represents approximately 9.99% of the issuer's outstanding shares. The shares are held directly by Armistice Capital Master Fund Ltd., for which Armistice Capital, LLC serves as the investment manager. Under an Investment Management Agreement, Armistice Capital exercises shared voting and investment power over these securities. Steven Boyd, by virtue of his position as managing member of Armistice Capital, may also be deemed to beneficially own these shares. The filing indicates that the acquisition was made in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This initial 13G filing marks a substantial new position for the investment firm in the New York-based financial technology company.