secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2026-09-18T20:56:27+00:00
Accession:  0001185185-26-004171
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RTB Digital enters 10-yr platform pact with Paradium.AI, buys 49.5% minority stake for $89.6M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526004171/0001185185-26-004171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526004171/rtb8k091826.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004171

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