RYVYL notifies Nasdaq of non-compliance with board independence and audit committee rules

RYVYL Inc.

Board currently has 2 independent directors (Brett Moyer, Gene Jones) and 2 non-independent (Fredi Nisan, George Oliva); needs one more independent for majority.
Audit Committee has only one member (Brett Moyer); needs two more independent members to comply with Nasdaq Rule 5605(c)(2)(A).
Company plans to appoint an independent director to fill a board vacancy as soon as possible; target third audit committee member by Feb 27, 2026.
Non-compliance date for audit committee composition was August 31, 2025; 180-day cure period runs to February 27, 2026.

item 3.01

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