secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001185185-23-001079
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

RYVYL receives Nasdaq notice for non-compliance with MVLS standard; plans to appeal
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- Nasdaq notified RYVYL that its common stock MVLS was below the $35M minimum for 30 consecutive business days.
- Company has until Oct 26, 2023 to request a hearing and pay a $20,000 fee to appeal the delisting determination.
- If no appeal, trading in RVYL common stock would be suspended at the open on Oct 30, 2023.
- Company intends to timely request a hearing, which will stay suspension pending the Hearing Panel's decision.
- There is no assurance the Hearing Panel will rule in the Company's favor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518523001079/0001185185-23-001079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518523001079/ryvyl20231020_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-001079

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