RYVYL extends stockholder approval deadline to Oct 19 under exchange agreement

RYVYL Inc.

Amendment No. 1 to Exchange Agreement moves stockholder meeting deadline from Oct 5 to Oct 19, 2023.
Original Exchange Agreement (July 25, 2023) involves $100M convertible note from institutional investor.
Initial exchange closed July 31 with 6,000 Series A Preferred shares issued for $4.297M principal and $1.703M interest.
No other material changes to the Exchange Agreement or the underlying Note terms.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RYVYL Inc. amended Amendment No. 1 to the Exchange Agreement with an institutional investor (effective 2023-08-18).

Action: amendment
Counterparty: an institutional investor
Effective: 2023-08-18

Exact text from the filing

On August 18, 2023, the Company and the Investor entered into Amendment No. 1 to the Exchange Agreement extending the Stockholder Approval Date to October 19, 2023.

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RYVYL Inc. filing history →

Source: SEC EDGAR

accession 0001185185-23-000863

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