---
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"
generated_at: "2026-06-07T18:40:34.031684+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RYVYL exchanges $60.3M of convertible note for Series B Preferred shares and $3M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-001274
- JSON: https://secwatch.observer/filing/0001185185-23-001274.json
- Plain text: https://secwatch.observer/filing/0001185185-23-001274.txt

## Key facts
- Governance Changes
  RYVYL Inc.: Filed Certificate of Designations for Series B Convertible Preferred Stock (effective 2023-11-28).
  - Change: charter amendment
  - Effective: 2023-11-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/0001185185-23-001274-index.htm
- Material Agreements
  RYVYL Inc. entered into Exchange Agreement with an institutional investor (effective 2023-11-27).
  - Action: entry
  - Counterparty: an institutional investor
  - Effective: 2023-11-27
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/0001185185-23-001274-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.