RYVYL loses right to terminate sale of Ryvyl EU; purchaser may close after May 16

RYVYL Inc.

Company had right to terminate SPA by paying $16.5M by Apr 23 (extendable to May 23 for $500k); did not exercise.
Modification Agreement set standstill until May 6, extendable to May 27 for $750k; company did not extend.
On May 7, purchaser notified company termination right expired and standstill period ended.
Purchaser will not close for 10 days until May 16; parties remain in conversation.
Under SPA, sale of Ryvyl EU shares for $15M could still proceed if purchaser chooses to close.

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