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Roundtable CEO James Heckman and RYVYL Announce NASDAQ Listing Secured, with Direct Equity Investment and Reverse Split Ahead of Merger
Globenewswireยท 2025-10-15 12:30
Core Insights - RYVYL has met the required shareholder equity threshold, alleviating delisting risks ahead of its merger with Roundtable [1][2] - A planned 15:1 reverse stock split is set for shareholder approval on October 30, 2025, to comply with NASDAQ's minimum share price requirement [3] - Roundtable operates a fully funded enterprise-SaaS platform, distinguishing itself from typical crypto-treasury mergers [4][5] Company Developments - Roundtable's capital investment has strengthened RYVYL's balance sheet, ensuring NASDAQ compliance [2] - The merger between Roundtable and RYVYL is subject to shareholder approval and regulatory review [17] - James Heckman will become CEO of the combined entity, with Walton Comer as Chairman [21] Platform and Technology - Roundtable's "DeWeb" platform aims to restore IP and financial control for media companies, addressing challenges posed by AI and opaque revenue reporting [6][7] - The platform utilizes a Bitcoin-powered liquidity pool, enhancing financial control for partners and journalists [5][10] - Roundtable's founders have extensive experience in digital media and blockchain, positioning the company as a leader in the Web3 media space [9][11][12] Market Position - Roundtable's platform is designed for professional media brands and content creators, offering transparent reporting and self-payment capabilities [10][11] - The company has established partnerships with major media brands, generating significant Web3 revenue [4] - The merger is expected to create a large-scale, blockchain-based media platform, enhancing competitive advantages in the industry [17][18]