Are Shareholders of OLB entitled to appraisal rights in connection with the Spin-Off Distribution?
No. Shareholders of OLB are not entitled to appraisal rights in connection with the Spin-Off Distribution.
How will fractional common shares be treated in the Spin-Off Distribution?
Fractional common shares will not be distributed. Instead, for registered shareholders, the distribution agent will aggregate fractional common shares into whole shares, sell such whole shares in the open market at prevailing rates promptly after our common shares commence trading on NASDAQ, and distribute the net cash proceeds from the sales, net of brokerage fees [...]
What do I have to do to receive my DMINT common shares?
No action by you is required. If your shares of OLB common stock are held in a brokerage account, the DMINT common shares distributed to you will be credited to that account. If you hold shares of OLB common stock in certificated or book entry form, your ownership of DMINT common shares will be recorded [...]
How will I receive DMINT common shares?
OLB will deliver 100% of the issued and outstanding common shares to the distribution agent. Transfer Online, Inc. will serve as distribution agent in connection with the Spin-Off Distribution and as transfer agent and registrar for DMINT common shares. See “Business – Mechanics of the Spin-Off Distribution.”
What are the U.S. federal income tax consequences to me of the Spin-Off Distribution?
We believe that the Spin-Off Distribution generally will be taxable to our shareholders for U.S. federal income tax purposes. See “Tax Considerations – U.S. Federal Income Tax Treatment of the Spin-Off Distribution’’ below. For U.S. federal income tax purposes, our distribution of common shares and cash in lieu of fractional shares to you in the [...]