RTB Digital (formerly Ryvyl) closes merger; issues 4.4M shares, names Heckman CEO

RYVYL Inc.

Merger closed May 12, 2026; RTB survives as wholly-owned subsidiary of Ryvyl (now RTB Digital).
Issued 4,384,504 shares to former RTB shareholders; 5,774,711 shares outstanding post-merger.
Board reconstituted to 7 members; James Heckman (CEO), Aly Madhavji (CFO), Walton Comer (Chairman).
Officers: James Heckman (CEO), Aly Madhavji (CFO), George Oliva (CAO), William Sornsin (COO).
Company renamed RTB Digital, Inc.; trading symbol changed to RTB on Nasdaq.

item 2.01 item 3.02 item 5.01 item 5.02 item 5.03 item 9.01

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ticker: RVYL
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accession 0001185185-26-002057

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