---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001369"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:55:15.144973+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# RYVYL merges with RTB Digital in ~$75M stock deal; RTB shareholders to own 84.85% of combined firm

## Summary
- RTB stockholders get RYVYL shares; combined company 84.85% owned by former RTB holders, 15.15% by current RYVYL.
- Company renamed RTB Digital, Inc.; board expanded to 7, with 6 members from RTB and Brett Moyer.
- George Oliva to serve as EVP Finance/CAO with $375K salary, $225K retention bonus, and 2% fully diluted equity.
- Company must seek amendment of warrants to avoid cash payments; failure allows RTB to terminate.
- Closing conditions: stockholder approval, Nasdaq listing, and resolution of SEC and derivative proceedings.

## SEC filing metadata
- accession: 0001185185-25-001369
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001369/0001185185-25-001369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001369/rvyl8k425100125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001369
- JSON: https://secwatch.observer/filing/0001185185-25-001369.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001369.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.