M&A
confidence high
sentiment positive
materiality 0.85
RYVYL shareholders approve merger with RTB Digital; 85% of shares locked for one year
RYVYL Inc.
- Merger approved with 99% of votes cast in favor; closing imminent subject to Nasdaq approval of RTB listing.
- $35M invested into Roundtable pre-merger; 85% of outstanding shares (11.5M of 13.5M) locked for at least one year.
- Only 2M shares unlocked to meet Nasdaq liquidity requirements; the rest locked.
- $10M deposit toward strategic acquisition of a digital media company's sales, operations, and distribution.
- Steven Fletcher appointed to board; former Goldman Sachs banker with 20+ years digital media experience.