{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000757","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.868760+00:00","generated_at":"2026-06-13T02:16:32.051719+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RYVYL exchanges $22.7M convertible note for 15,000 Series A preferred shares","bullets":["Initial exchange of $6M (including $1.7M interest) for 6,000 shares expected by July 27, 2023.","Final exchange of $16.7M remaining principal for 9,000 shares subject to stockholder approval.","Total debt reduced by $22.7M; stated value of preferred ~$7.7M less than note exchanged.","Preferred stock convertible at $2.00/share (fixed) or alternate conversion price (floor $0.24).","Company cites improved cash flow (~$5M H2 2023) and reduced Nasdaq compliance risk."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000757","json":"https://secwatch.observer/filing/0001185185-23-000757.json","markdown":"https://secwatch.observer/filing/0001185185-23-000757.md","text":"https://secwatch.observer/filing/0001185185-23-000757.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000757/0001185185-23-000757-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000757/ryvyl20230725_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:16:32.051719+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bb62686827a3f4eafc1096ef02882394201cfa9","claim":"RYVYL Inc. entered into Exchange Agreement with an institutional investor valued at an aggregate of $22.703 million of the outstanding principal and interest (effective 2025-07-25).","evidence_excerpt":"On July 25, 2023, RYVYL Inc., a Nevada corporation (the “Company”), entered into an Exchange Agreement (the “Exchange Agreement”) with an institutional investor (the “Investor”), which previously provided $100 million in convertible note financing to the Company, evidenced by an 8% Convertible Note Due 2023, issued to the Investor on November 8, 2021 (the “Note”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523000757/0001185185-23-000757-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Value","value":"an aggregate of $22.703 million of the outstanding principal and interest"},{"label":"Effective","value":"2025-07-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}