{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-26-003142","form_type":"8-K/A","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2026-07-27T21:30:53+00:00","discovered_at":"2026-07-27T21:32:00.358032+00:00","generated_at":"2026-07-27T21:32:13.125659+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"RTB Digital (target) reports 2025 net loss of $8.0M, revenue $2.1M; auditor raises going concern doubt","bullets":["Net loss $8.0M in 2025 vs $1.3M in 2024; revenue $2.1M (up 82% YoY) but operating expenses grew faster.","Accumulated deficit $13.8M; cash $0.5M; working capital $9.8M (includes $11.0M USDC and $6.5M investment in Ryvyl).","Auditor expresses substantial doubt about going concern; management plans include merger with Ryvyl and PIPE.","Target held $5.2M in crypto assets (BTC) and recorded $2.2M unrealized loss in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-26-003142","json":"https://secwatch.observer/filing/0001185185-26-003142.json","markdown":"https://secwatch.observer/filing/0001185185-26-003142.md","text":"https://secwatch.observer/filing/0001185185-26-003142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518526003142/0001185185-26-003142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518526003142/rtb8ka2072326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-27T21:32:13.125659+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"}