{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-000048","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2025-01-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.582747+00:00","generated_at":"2026-05-27T08:12:41.684066+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"RYVYL retires Series B Preferred ($53.1M) and cuts Note to $4M with $13M payment","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-000048","json":"https://secwatch.observer/filing/0001185185-25-000048.json","markdown":"https://secwatch.observer/filing/0001185185-25-000048.md","text":"https://secwatch.observer/filing/0001185185-25-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518525000048/0001185185-25-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518525000048/ryvyl20250128_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T08:12:41.684066+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}