---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000636"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T01:57:24.012196+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Ryvyl receives Nasdaq notice for bid price non-compliance; faces potential delisting

## Summary
- Received Nasdaq notice on June 7, 2023, for failure to regain $1.00 minimum bid price compliance by June 5, 2023.
- Not eligible for second compliance period due to not meeting $5M stockholders' equity requirement for initial listing.
- Plans to submit a compliance plan to Nasdaq Hearings Panel, possibly including a reverse stock split.
- Hearing request will stay suspension/delisting pending outcome; if denied, stock may be delisted from Nasdaq Capital Market.

## SEC filing metadata
- accession: 0001185185-23-000636
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000636/0001185185-23-000636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000636/ryvyl20230613_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000636
- JSON: https://secwatch.observer/filing/0001185185-23-000636.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000636.txt

## Key facts
- Listing & Compliance Notices
  RYVYL Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: June 7, 2023, the Listing Qualifications Staff of Nasdaq (the “Staff”) provided notice to the Company (the “Nasdaq Notice”) that the Company has not regained compliance with Rule 5550(a)(2) and is not eligible for a second 180 calendar day compliance period as the Company does not comply with the minimum $5,000,000 stockholder’s equity requirement for initial listing on the Nasdaq Capital Market. The Company intends to submit a plan to regain compliance to the Nasdaq Hearings Panel as part of the hearing process, which compliance plan may include conducting a reverse stock split if necessary t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523000636/0001185185-23-000636-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.