---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-25-002090"
form_type: "8-K"
ticker: "RVYL"
cik: "0001419275"
company_name: "RYVYL Inc."
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:54:21.947763+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# RYVYL receives Nasdaq delisting notice for bid price; files appeal; stockholders approve reverse split

## Summary
- Stockholders approved reverse stock split at ratio between 1:20 and 1:50, effective by June 30, 2026.
- Authorized common shares increased from 100M to 500M to support merger with Roundtable.
- Nasdaq Staff delisting determination received Dec 11, 2025; appeal filed Dec 17, 2025 to stay delisting.
- Roundtable invested $6.5M in preferred stock to meet Nasdaq stockholder equity requirement.
- Company expects reverse split to cure bid price deficiency and regain compliance in coming weeks.

## SEC filing metadata
- accession: 0001185185-25-002090
- form_type: 8-K
- ticker: RVYL
- cik: 0001419275
- company_name: RYVYL Inc.
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419275/000118518525002090/0001185185-25-002090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419275/000118518525002090/rvyl8k425121725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-002090
- JSON: https://secwatch.observer/filing/0001185185-25-002090.json
- Plain text: https://secwatch.observer/filing/0001185185-25-002090.txt

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