RYVYL retires Series B Preferred ($53.1M) and cuts Note to $4M with $13M payment

RYVYL Inc.

Redeemed all Series B Convertible Preferred Stock with liquidation value of $53.1M.
Reduced 8% Senior Convertible Note from $18.3M to $4.0M; second $4M tranche due April 30, 2025.
Interest, conversion rights, and restrictive covenants on Note temporarily suspended until April 30 payment.
CFO says restructuring is highly anti-dilutive and lowers overall cost of capital.

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