other material
confidence high
sentiment neutral
materiality 0.50
RTB Digital raises $5.5M via private placement at $11.13/share; also lends $5.5M at 20%
RYVYL Inc.
- Sold 494,159 shares for gross proceeds of $5.5M; price $11.13/share; includes affiliates of founders.
- Company loaned $5.5M to borrowers at 20% interest; loans secured by equity owned by borrowers.
- Loan proceeds used to purchase company shares; shares subject to lock-up released in four tranches from May 2027 to Feb 2028.
- Registration rights include piggyback and demand (after 180 days, if 50% of shares covered).
- Offered under Regulation 506(b); shares are restricted stock.