RYVYL stockholders approve 5.7x increase in authorized shares to 100M and adopt 2023 equity plan

RYVYL Inc.

Authorized common shares raised from 17,500,000 to 100,000,000 via charter amendment filed Nov 3, 2023.
2023 Equity Incentive Plan approved; prior 2020 and 2021 option plans and 2021 restricted stock plan terminated.
Stockholders approved issuance of >20% of outstanding common stock to an institutional investor per Nasdaq Rule 5635(d).
Directors Ben Errez, Fredi Nisan, Genevieve Baer, David Montoya, Ezra Laniado re-elected; Simon & Edward, LLP ratified as auditor.
Non-binding say-on-pay approved; future advisory votes on executive compensation to be held every three years.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

RYVYL Inc.: Increased authorized common stock from 17,500,000 to 100,000,000 shares via Certificate of Amendment to Amended and Restated Articles (effective 2023-11-03).

Change: charter amendment
Effective: 2023-11-03

Exact text from the filing

On November 3, 2023, following the Annual Meeting, the Company filed a Certificate of Amendment to the Amended and Restated Articles with the Nevada Secretary of State.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

RYVYL Inc. shareholders approved Approval of the Company's 2023 Equity Incentive Plan at the 2023-11-02 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-11-02

Exact text from the filing

RYVYL Inc. (the “Company”), on November 2, 2023 held its 2023 annual meeting of stockholders (the “Annual Meeting”) at which meeting, among other items on the agenda, the Company’s stockholders approved the Company’s 2023 Equity Incentive Plan.

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RYVYL Inc. filing history →

Source: SEC EDGAR

accession 0001185185-23-001144

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