{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-26-004171","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2026-09-18T20:56:27+00:00","discovered_at":"2026-09-18T20:57:01.185323+00:00","generated_at":"2026-09-18T20:57:07.955132+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"RTB Digital enters 10-yr platform pact with Paradium.AI, buys 49.5% minority stake for $89.6M","bullets":["Signed 10-year Strategic Platform Agreement with Paradium.AI (fka Arena Group) on 9/14/26; closing expected Q4 2026.","RTB will issue $11.5M in unregistered RTB stock to Paradium for perpetual license/control of Paradium technology.","RTB to acquire ~49.5% of Paradium from Simplify Inventions and MBX Capital for $89,555,638 ($73.56M cash + $6M stock + $10M prior deposit).","Company forecasts ~$100M annual gross revenue, 100M monthly users, and ~$1B revenue over the 10-year term.","Paradium brands and revenue migrate to RTB platform; revenue sharing at defined percentages; RTB covers operational costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-26-004171","json":"https://secwatch.observer/filing/0001185185-26-004171.json","markdown":"https://secwatch.observer/filing/0001185185-26-004171.md","text":"https://secwatch.observer/filing/0001185185-26-004171.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518526004171/0001185185-26-004171-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518526004171/rtb8k091826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T20:57:07.955132+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"}