{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-26-000092","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2026-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.037018+00:00","generated_at":"2026-05-16T11:02:47.752901+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"RYVYL merger partner RTB secures $10M convertible note from UTXO Management; converts at $200M valuation","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-26-000092","json":"https://secwatch.observer/filing/0001185185-26-000092.json","markdown":"https://secwatch.observer/filing/0001185185-26-000092.md","text":"https://secwatch.observer/filing/0001185185-26-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518526000092/0001185185-26-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518526000092/rvyl8k010826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:02:47.752901+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}