RYVYL merger partner RTB secures $10M convertible note from UTXO Management; converts at $200M valuation

RYVYL Inc.

RTB Digital executed binding term sheet with UTXO Management for $10M convertible note, bringing total capital raised to $43M.
Note automatically converts into RYVYL equity at pre-money valuation of $200M upon merger close; proceeds held in Bitcoin.
Warrants with 20% coverage, exercisable at conversion price, expire 365 days; price protection may issue additional warrants.
100% of shares issued in exchange will be locked up for 12 months; company has right of first refusal on sales after release.
Exchange ratio for existing RYVYL stockholders unaffected by the additional investment, pending merger approval.

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