---
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"
generated_at: "2026-05-27T08:12:41.684066+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-000048
- JSON: https://secwatch.observer/filing/0001185185-25-000048.json
- Plain text: https://secwatch.observer/filing/0001185185-25-000048.txt

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