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RYVYL Highlights Recent Developments for Merger Partner Roundtable that Advance Web3 Platform Traction
Globenewswire· 2026-01-07 13:00
Core Insights - RYVYL Inc. is advancing its merger with Roundtable, which has formed a strategic partnership with The Hockey News and expanded its journalist network to over 150 former Sports Illustrated professionals [1][2][3] Group 1: Strategic Partnerships - Roundtable has signed a 10-year strategic partnership with The Hockey News, involving a $15 million title sponsorship commitment [2] - Graeme Roustan, CEO of The Hockey News, will join Roundtable's board of directors, maintaining his position post-merger with RYVYL [2] Group 2: Journalist Network Expansion - Following the initial announcement in September 2025, Roundtable has onboarded an additional 50 former Sports Illustrated journalists, increasing the total to over 150 [3] - Notable additions include Mike Fisher, a Dallas Cowboys NFL insider, who previously generated over $4 million in annualized revenue for Sports Illustrated [3] Group 3: Management Commentary - The CEO of Roundtable emphasized the importance of owning audience relationships and controlling distribution, highlighting the value of their Web3-native solution for independent sports content creators [4] Group 4: Planned Transaction - RYVYL expects to complete its merger with Roundtable in the third quarter of 2026, pending regulatory approval [5]
RYVYL Announces Stockholder Approval of Annual Meeting Proposals; Reverse Stock Split Process Commences to Remedy Nasdaq Delisting Notice
Globenewswire· 2025-12-17 22:04
Core Viewpoint - RYVYL Inc. has taken significant steps to maintain compliance with Nasdaq listing requirements, including a proposed reverse stock split and an increase in authorized shares, following stockholder approval at the 2025 Annual Meeting [2][4][5]. Summary by Sections Stockholder Approval - Stockholders approved all proposals at the 2025 Annual Meeting, including a reverse stock split at a ratio between 1-for-20 to 1-for-50 and an increase in authorized shares from 100 million to 500 million [2][3]. Compliance with Nasdaq Requirements - RYVYL received a delisting notice from Nasdaq on December 11, 2025, due to non-compliance with the minimum bid price rule. The company believes the approved reverse stock split will resolve this issue [4][5]. - The company has already addressed stockholder equity issues through a merger with Roundtable, which has sufficient capital to meet Nasdaq's requirements [4][5]. Merger with Roundtable - RYVYL signed a definitive agreement to merge with Roundtable, a Web3-powered digital media platform, which had previously secured $33 million in financing [4][5]. - Roundtable's investment of $6.5 million in preferred stock increased RYVYL's stockholder equity, allowing the company to regain compliance with the Stockholder Equity Rule [4][5]. Timeline of Events - RYVYL received initial notices of non-compliance from Nasdaq in April and June 2025, with deadlines for compliance set for December 9, 2025 [4][5]. - The company rescheduled its 2025 Annual Meeting to allow more stockholders to participate in the vote on the reverse split [4][5]. Future Expectations - Following the reverse stock split and the merger with Roundtable, RYVYL expects to be in full compliance with Nasdaq listing requirements within 10 trading days [6].
RYVYL Announces Updated Shareholder Meeting, In Light of Anticipated Roundtable Merger to Address New Shareholders
Globenewswire· 2025-10-29 21:53
Core Points - RYVYL Inc. has rescheduled its 2025 Annual Meeting of Stockholders to December 15, 2025, from the original date of October 30, 2025 [1] - The record date for stockholders entitled to vote at the meeting is set for October 31, 2025, allowing new shareholders to participate following the announcement of a merger with RTB Digital, Inc. [2] - RYVYL's shares have seen over 450 million shares of trading activity since the merger announcement, indicating significant shareholder interest [2] Company Overview - RYVYL Inc. operates a digital payment processing business that provides solutions for underserved markets, focusing on security, data privacy, and rapid settlement [6] - The company has developed an end-to-end suite of financial products, enhancing user experience and security [6] Merger Details - RYVYL is merging with RTB Digital, a Web3 digital media SaaS technology company, which has recently invested $5 million in RYVYL after raising $33 million for the combined businesses [4] - Roundtable operates a fully funded enterprise-SaaS platform and has partnerships with major media brands, generating significant revenue through Web3-based engagement [4] - The merger aims to leverage advanced blockchain technology for decentralized reporting, security, and content management [4][5]