secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001185185-23-001274
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/0001185185-23-001274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518523001274/ryvyl20231130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-001274

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer