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.
No. Shareholders of OLB are not entitled to appraisal rights in connection with the Spin-Off Distribution.
Fractional common shares and Class A 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, [...]
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 [...]
OLB will deliver 100% of the issued and outstanding common shares and Class A 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 and Class A shares. See “Business – Mechanics 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 Class A shares and cash in lieu of fractional shares [...]
Yes. OLB’s common stock will continue to be listed on the NASDAQ under the symbol “OLB”. The number of shares of OLB common stock you own will not change as a result of the Spin-Off Distribution.
DMINT will apply to list its common shares on the NASDAQ. There is no established trading market for the Class A shares and we do not expect a market to develop. We do not intend to apply for a listing for the Class A shares on any securities exchange or other nationally recognized trading system.
OLB is currently a FinTech company that focuses on a suite of products in the merchant services and payment facilitator verticals and seeks to provide integrated business solutions to merchants throughout the United States. In addition, in 2021, it began to explore Bitcoin mining as a separate business segment. The separation began with the formation [...]
After the Spin-Off Distribution, OLB does not expect to own any of the DMINT common shares or otherwise have an ownership interest in DMINT. OLB and DMINT will be separate publicly traded companies, although, at the time of the Spin- Off Distribution, some of the directors and officers of DMINT will hold similar positions at [...]
The value of our common shares will be determined by their trading price after the Spin-Off Distribution. The value of the Class A shares shall be valued the same as the common shares due to the fact that they will convert into common shares automatically on the 180-day anniversary of the Distribution Date. We do [...]