RYVYL Inc. (RVYL): Nasdaq/NYSE listing notice — 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

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

RYVYL Inc. received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1), 5605(c)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: board independence
Rules: 5605(b)(1), 5605(c)(2)(A)

Exact text from the filing

September 15, 2025, the Company provided notice to the Nasdaq Continued Listing Center that the Company is not currently in compliance with Nasdaq Listing Rule 5605(b)(1) (the “Majority Independent Board Requirement”) and Nasdaq Listing Rule 5605(c)(2)(A) (the “Audit Committee Composition Requirement”). The Company’s Board of Directors (“Board”) is currently comprised of two directors who are independent, Brett Moyer and Gene Jones, and two directors who are not independent, Fredi Nisan and George Oliva. One additional director, who satisfies Nasdaq’s independence requirements, is required for

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Source: SEC EDGAR

accession 0001185185-25-001221

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