RYVYL retires $17M convertible note and Series B preferred, sells EU subsidiary for $15M to fund first $13M payment

RYVYL Inc.

Aggregate $17M payment retires all outstanding 8% Senior Convertible Note and Series B Convertible Preferred stock.
First $13M tranche due Jan 27 (extendable to Feb 3) redeems preferred; remaining $4M note due April 30, 2025.
Funded by sale of Ryvyl EU subsidiary to unnamed purchaser for $15M; $13M used for first payment.
Company can terminate subsidiary sale by paying $16.5M to purchaser by April 23 (or May 23 with $500K fee).
If sale closes, company eliminates $17M debt/preferred but loses subsidiary.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.