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RYVYL Enters Negotiations to Restructure Pre-funded Asset Sale to Debt and/or Equity
RVYLRyvyl (RVYL) GlobeNewswire·2025-04-24 20:05

Core Viewpoint - RYVYL Inc. is negotiating to potentially restructure the terms of its pre-funded asset sale of its EU subsidiary, with a standstill period agreed until May 6, 2025, and a possible extension until May 27, 2025, contingent on a payment of 750,000[1][2].Group1:CompanyOverview−RYVYLInc.isaleadinginnovatorinpaymenttransactionsolutions,focusingonelectronicpaymenttechnologyforinternationalmarkets[3].−Thecompanywasfoundedin2017asGreenBoxPOSandhasdevelopedasuiteoffinancialproductsthatemphasizesecurity,dataprivacy,andrapidtransactionsettlement[3].−RYVYL′splatformcanhandlelargevolumesofimmutabletransactionalrecordsathighspeeds,cateringtovariouspartners,merchants,andconsumersglobally[3].Group2:FinancialAgreements−OnJanuary24,2025,RYVYLenteredintoa750,000 [1][2]. Group 1: Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for international markets [3]. - The company was founded in 2017 as GreenBox POS and has developed a suite of financial products that emphasize security, data privacy, and rapid transaction settlement [3]. - RYVYL's platform can handle large volumes of immutable transactional records at high speeds, catering to various partners, merchants, and consumers globally [3]. Group 2: Financial Agreements - On January 24, 2025, RYVYL entered into a 15 million agreement structured as a pre-funded asset sale, with a 90-day closing period that could be terminated by a payment of $16.5 million before April 23, 2025 [2]. - The shares of the RYVYL EU subsidiary will remain in escrow during the ongoing standstill period [2].