secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001185185-26-000092
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526000092/0001185185-26-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526000092/rvyl8k010826.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-000092

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