---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-001637"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:35:06.732251+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aly Madhavji named CFO of merged RYVYL/Roundtable; Oliva becomes CAO

## Summary
- Aly Madhavji, Managing Partner of Blockchain Founders Fund, to be CFO of post-merger entity; current CFO George Oliva transitions to Chief Accounting Officer.
- Merger between RYVYL (RVYL) and Roundtable (RTB Digital) subject to shareholder approval and regulatory review; closing date not specified.
- Post-merger: CEO James Heckman, Chairman Walton Comer, 7-member board, company renamed RTB Digital Inc. (d/b/a Roundtable).
- Madhavji brings relationships with 500+ blockchain co-investors; previously served on Soluna Holdings (SLNH) board.
- Roundtable's DeWeb platform integrates decentralized payments and on-chain audience control for professional publishers.

## SEC filing metadata
- accession: 0001185185-25-001637
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001637/0001185185-25-001637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525001637/rvyl8k425110625.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001637
- JSON: https://secwatch.observer/filing/0001185185-25-001637.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001637.txt

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