RYVYL issues 122,164 shares to settle securities class action; put option included

RYVYL Inc.

Issued 122,164 common shares on Jan 2, 2026 to settle Cullen v. Ryvyl class action (3:23-cv-00185).
Settlement value equates to no less than $700,000 after 1-for-35 reverse stock split.
Shares issued under Section 3(a)(10) exemption; put option allows sale back at $1.00/share if 10-day avg falls below $1.00.
Defendants deny all wrongdoing; settlement eliminates uncertainty and expense of further litigation.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

RYVYL Inc. issued 122,164 shares of common stock to settlement class represented by lead plaintiff Scot S. Cook for settlement with the plaintiffs in the Class Action in reliance on the exemption from registration under Section 3(a)(10).

Security: common stock
Shares: 122,164 shares
Purchaser: settlement class represented by lead plaintiff Scot S. Cook
Consideration: settlement with the plaintiffs in the Class Action in reliance on the exemption from registration under Section 3(a)(10)

Exact text from the filing

of July 9, 2025, between RYVYL Inc. (the “Company”) and the other parties named therein (the “Settlement Agreement”) in connection with the putative class action lawsuit Case No. 3:23-cv-00185-GPC-SBC (the “Class Action”), on January 2, 2026, the Company became obligated to issue 122,164 shares (the “Settlement Shares”) of its common stock, par value $0.001

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RYVYL Inc. filing history →

Source: SEC EDGAR

accession 0001185185-26-000081

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