Core Insights - RYVYL Inc. has appointed George Oliva and Gene Jones to its Board of Directors following the resignation of independent directors Genevieve Baer and Ezra Laniado, effective August 31, 2025 [1] Group 1: Management Changes - George Oliva has been the CFO of RYVYL since October 2023, bringing over 30 years of experience in corporate finance, treasury, and financial planning [2] - Gene Jones previously served as RYVYL's Interim CFO and has extensive experience in various executive roles, including financial management and risk management [3] - Both new board members are expected to provide strategic insight and governance oversight as RYVYL transitions towards its crypto treasury business model [4] Group 2: Company Overview - RYVYL Inc. focuses on innovative payment transaction solutions, aiming to enhance business-to-business, consumer-to-business, and peer-to-peer payment transactions globally [4] - The company was founded in 2017 as GreenBox POS and has developed a suite of financial products that prioritize security, data privacy, and rapid transaction settlement [4]

Core Insights - RYVYL Inc. announced the retirement of Chairman and Co-founder Ben Errez from the Board of Directors, effective August 31, 2025, coinciding with his management retirement [1][2][3] - The company is transitioning to focus on crypto treasury management, planning to accumulate crypto as a reserve asset to enhance financial resilience and strategic flexibility [3] Company Overview - RYVYL Inc. was founded in 2017 as GreenBox POS and specializes in electronic payment technology for international markets, offering innovative payment transaction solutions [4] - The company provides an end-to-end suite of financial products that emphasize security, data privacy, and rapid transaction settlement, capable of logging large volumes of immutable transactional records [4]

Core Viewpoint - RYVYL Inc. is repositioning its business to focus on crypto treasury management, with a core strategy aimed at building a crypto treasury to support long-term growth [1][2]. Company Leadership Changes - Ben Errez, Chairman and Co-founder of RYVYL, will retire effective August 31, 2025, but will continue to advise the company independently through the end of the year [1][2]. Strategic Business Shift - The company announced a digital asset acquisition strategy on June 16, 2025, planning to accumulate crypto as a reserve asset, viewing it as a long-term store of value and a means to enhance financial resilience [2][3]. - The decision to shift the business reflects a long-term approach to integrating digital assets into the treasury, aiming to enhance balance sheet strength and position the company for future financial innovation [3]. Company Background - RYVYL Inc. was founded in 2017 as GreenBox POS and focuses on empowering various payment transactions globally through electronic payment technology [3]. - The company has developed applications that provide an end-to-end suite of financial products with enhanced security, data privacy, and rapid settlement speed [3].

Core Viewpoint - RYVYL Inc. has successfully closed a public offering of 15,384,615 shares of common stock and warrants, raising approximately $6.0 million in gross proceeds at a price of $0.39 per share and warrant [1][2]. Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for various international markets. The company aims to transform business-to-business, consumer-to-business, and peer-to-peer transactions globally [5]. - Founded in 2017 as GreenBox POS, RYVYL has developed a comprehensive suite of financial products that emphasize security, data privacy, and rapid transaction settlement [5]. Offering Details - The public offering included 15,384,615 shares of common stock and warrants to purchase an equal number of shares, with an exercise price of $0.39 per share. The warrants are immediately exercisable and will expire five years from the issuance date [1]. - Maxim Group LLC served as the sole placement agent for the offering [2]. Regulatory Information - A registration statement on Form S-1 was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on July 14, 2025. The final prospectus related to the offering is available on the SEC's website [3].

Core Viewpoint - RYVYL Inc. has announced a public offering of 15,384,615 shares of common stock and warrants, priced at $0.39 per share, aiming to raise approximately $6.0 million in gross proceeds [1][2]. Group 1: Offering Details - The public offering includes 15,384,615 shares of common stock and warrants to purchase an equal number of shares, with a combined offering price of $0.39 per share and warrant [1]. - The warrants will have an exercise price of $0.39 per share, will be immediately exercisable upon issuance, and will expire five years from the issuance date [1]. - The closing of the offering is expected on or about July 16, 2025, subject to customary closing conditions [2]. Group 2: Company Background - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for various international markets [5]. - The company was founded in 2017 as GreenBox POS and has developed a suite of financial products that emphasize security, data privacy, and rapid settlement [5]. - RYVYL's platform is designed to handle large volumes of immutable transactional records quickly, catering to first-tier partners, merchants, and consumers globally [5].

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].

Core Insights - RYVYL Inc. has appointed Brett Moyer as an independent member of its board of directors, effective immediately, to support the company's growth strategy [1][2] - Moyer brings extensive experience in technology platform scaling and licensing, which will be crucial as RYVYL seeks to expand its market presence and enhance its blockchain and crypto capabilities [2] - The company continues to focus on its innovative payment transaction solutions, aiming to empower various payment methods globally [4] Company Overview - RYVYL Inc. was founded in 2017 as GreenBox POS and has since evolved into a leader in payment transaction solutions, leveraging electronic payment technology for diverse international markets [4] - The company offers an end-to-end suite of financial products that emphasize security, data privacy, and rapid transaction settlement [4] - RYVYL's platform is designed to handle large volumes of immutable transactional records efficiently, catering to first-tier partners, merchants, and consumers worldwide [4] Board Changes - David Montoya resigned from his position on the board of directors on June 10, 2025, leaving the total number of directors at five [3]

Core Viewpoint - RYVYL Inc. has successfully completed a debt-to-equity conversion, enhancing its balance sheet and reducing potential dilution for shareholders [1][2]. Group 1: Financial Restructuring - The securityholder of RYVYL's remaining 8% Senior Convertible Note converted the entire outstanding principal balance of $4.0 million and accrued interest of $136,000 into 7.1 million shares of common stock [1]. - The company redeemed its Series B Convertible Preferred Stock with a liquidation value of $53.1 million and $14.3 million of the Note for a payment of $13.0 million, avoiding over 90 million shares of potential dilution [2]. Group 2: Company Overview - RYVYL Inc. is an innovator in payment transaction solutions, focusing on electronic payment technology for various international markets [3]. - The company has developed applications that provide an end-to-end suite of financial products, emphasizing enhanced security, data privacy, and rapid settlement speeds [3].

Core Viewpoint - RYVYL Inc. has received an extension from Nasdaq to regain compliance with its listing requirements after reporting negative stockholders' equity [1][2][3] Group 1: Compliance and Financial Status - RYVYL reported stockholders' equity of negative $1.5 million as of December 31, 2024, which led to non-compliance with Nasdaq's minimum requirement of $2.5 million [2] - Nasdaq accepted RYVYL's compliance plan and granted an extension until October 6, 2025, to demonstrate compliance with the listing requirement [3] Group 2: Company Overview - RYVYL Inc. is an innovator in payment transaction solutions, focusing on electronic payment technology for various international markets [4] - The company, founded in 2017 as GreenBox POS, offers an end-to-end suite of financial products with enhanced security, data privacy, and rapid settlement capabilities [4]

Core Viewpoint - RYVYL Inc. has ceased discussions regarding the restructuring of the pre-funded asset sale of its RYVYL EU subsidiary, indicating that the buyer is expected to finalize the sale soon [1] Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for international markets [2] - The company was founded in 2017 as GreenBox POS and has developed a suite of turnkey financial products that emphasize security, data privacy, and rapid settlement [2] - RYVYL's platform is capable of logging large volumes of immutable transactional records at internet speed for various partners, merchants, and consumers globally [2]