secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2026-05-21T20:05:41+00:00
Accession:  0001185185-26-002057
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 3.02, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526002057/0001185185-26-002057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526002057/rtb8k052126.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-002057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer