{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-001274","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2023-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.007368+00:00","generated_at":"2026-06-07T18:40:34.031684+00:00","sec_items":["1.01","5.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RYVYL exchanges $60.3M of convertible note for Series B Preferred shares and $3M cash","bullets":["Issued 55,000 Series B Convertible Preferred shares and paid $3M cash to institutional investor.","Received in exchange 6,000 Series A Convertible Preferred shares and $60.303M principal reduction on 8% Convertible Note Due 2023.","Series B Preferred convertible at $3.11 per share; ranks senior to common stock.","Exchange closed Nov 29, 2023; exempt from registration under Section 3(a)(9) of Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-001274","json":"https://secwatch.observer/filing/0001185185-23-001274.json","markdown":"https://secwatch.observer/filing/0001185185-23-001274.md","text":"https://secwatch.observer/filing/0001185185-23-001274.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/0001185185-23-001274-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/ryvyl20231130_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:40:34.031684+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":"93c344224e80e470a511b4b2bb5063e80ddb8cd2","claim":"RYVYL Inc.: Filed Certificate of Designations for Series B Convertible Preferred Stock (effective 2023-11-28).","evidence_excerpt":"on November 28, 2023, the Company filed with the Secretary of State of the State of Nevada a Certificate of Designations of Rights and Preferences of Series B Convertible Preferred Stock","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/0001185185-23-001274-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-11-28"}],"fact_type":"governance_change"},{"claim_id":"3b17b1577a3041d540f83c55db50008bd3f8f29a","claim":"RYVYL Inc. entered into Exchange Agreement with an institutional investor (effective 2023-11-27).","evidence_excerpt":"on November 27, 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/1419275/000118518523001274/0001185185-23-001274-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Effective","value":"2023-11-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}