RYVYL Inc. has entered into an Agreement and Plan of Merger with RTB Digital, Inc., under which the two companies plan to combine. As part of the process, RYVYL recently completed a private placement of 50,000 shares of Series C convertible preferred stock at $0.40 per share, raising up to $5 million in gross proceeds. The move is aimed at maintaining RYVYL's required capital prior to closing the merger. The Series C Preferred Stock will only affect the economics or voting power of RYVYL's common stock if the merger agreement becomes effective. If the merger is not completed due to certain breaches by RYVYL, RTB may receive warrants to purchase RYVYL common stock, subject to ownership limitations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RYVYL Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-25-001397), on October 07, 2025, and is solely responsible for the information contained therein.