RYVYL Executes Strategic Actions Enhancing Its Business Plan and Files S-1 Registration Statement

Core Viewpoint - RYVYL Inc. is initiating a digital asset acquisition strategy and has entered a letter of intent to acquire a complementary entity, while also realigning its corporate and North America operations to enhance its business plan [1][7]. Financial and Operational Adjustments - RYVYL has implemented a reduction in force of 18 employees, which is approximately 40% of its North America workforce, expected to save around $780,000 per quarter [2]. - Additional cost-saving measures include plans to reduce outside engineering contractors, anticipated to save approximately $265,000 per quarter, with full savings impact expected by Q3 2025 [2]. Acquisition and Business Strategy - The company has entered into a letter of intent to acquire an entity with complementary technology and digital assets [7]. - RYVYL has completed the sale of its wholly owned European subsidiary, RYVYL EU, and has withdrawn its previous guidance for 2025 [7]. Securities Offering - RYVYL has submitted a registration statement on Form S-1 with the SEC, although the number of shares and price range for the proposed offering have not yet been determined [1][3]. - The offering is contingent upon SEC review and market conditions, and securities cannot be sold until the registration statement becomes effective [3].