RYVYL Extends its Obligation to Repay Convertible Note to April 2026

Core Viewpoint - RYVYL Inc. has entered into an agreement with a noteholder to extend the repayment obligation of its 8% Senior Convertible Note to April 5, 2026, demonstrating financial flexibility and confidence from its financial partners [1][2][3]. Financial Agreement Details - The noteholder agreed to extend the repayment obligation by one year in exchange for an $80,000 cash payment as an advance on the next interest payment due on October 1, 2024 [2]. - The total outstanding principal under the Note is $19.1 million, which RYVYL intends to repay in full by the new deadline of April 5, 2026 [2]. Company Background - RYVYL Inc. is a leading innovator in payment transaction solutions, utilizing proprietary blockchain ledger and electronic payment technology for various international markets [4]. - The company, originally founded as GreenBox POS in 2017, focuses on enhancing security, data privacy, and rapid transaction settlement for business-to-business, consumer-to-business, and peer-to-peer transactions [4].