secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2025-10-07T23:59:59+00:00
Accession:  0001185185-25-001397
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RYVYL raises $5M via Series C preferred stock sale; regains Nasdaq equity compliance
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- Sold 50,000 Series C convertible preferred shares at $0.40/share for $5M gross proceeds to RTB Digital and other investors.
- Each preferred share converts into 250 common shares (12.5M total); conversion requires shareholder approval if over 19.99%.
- Warrants issuable only upon a Material Breach Event; exercise price at least $0.08/share, 5-year term.
- Proceeds fund working capital during pending merger with RTB Digital; dilution occurs only if merger closes.
- Company believes it regained compliance with Nasdaq $2.5M stockholders' equity requirement after PIPE close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518525001397/0001185185-25-001397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518525001397/rvyl8k100725.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-001397

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