RYVYL renegotiates pre-funded $15M asset sale of EU subsidiary; standstill until May 6

RYVYL Inc.

Modification Agreement prevents buyer from closing Ryvyl EU purchase until May 6, 2025; can extend to May 27 for $750K payment.
Original Jan 2025 SPA provided $15M pre-funded; Company could terminate by paying $16.5M by Apr 23; now negotiating restructure.
Company negotiating to restructure asset sale into debt and/or equity; Ryvyl EU shares held in escrow during standstill.
No certainty of reaching an alternative deal; standstill allows time to explore other transaction structures.

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