RYVYL gets Nasdaq bid-price notice, replaces director, gets SPA release, signs LOI for acquisition pending $100M raise

RYVYL Inc.

Nasdaq notified RYVYL its bid price closed below $1.00 for 30 days; must cure by Dec 9, 2025.
Company also noncompliant on $2.5M equity test ($1.5M negative equity) but compliance plan accepted.
Director David Montoya resigned June 10; Brett Moyer (Datavault AI CFO) appointed to board and committees.
Purchaser released RYVYL from $16.5M damages obligation related to sale of Ryvyl EU subsidiary.
Signed non-binding LOI to acquire complementary tech/digital assets; needs $100M raise, shareholder approval, reverse split.

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Executive movements

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Appointed

Brett Moyer

Director

RVYL · RYVYL Inc.

Effective: 2025-06-12
Filed: Jun 13, 2025 23:59 UTC

On June 12, 2025, the Board appointed Brett Moyer as a director of the Company and member of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee to fill the vacancies created by Mr. Montoya’s resignation.

Departed

David Montoya

Director

RVYL · RYVYL Inc.

Effective: 2025-06-10
Successor: Brett Moyer
Filed: Jun 13, 2025 23:59 UTC

Effective June 10, 2025, David Montoya resigned as a member of the Board of Directors, including all committee appointments, of RYVYL Inc.

Source: SEC EDGAR

accession 0001185185-25-000638

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