secwatch.observer — SEC 8-K summary
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Issuer:     RYVYL Inc. (RVYL)
CIK:        0001419275
Form:       8-K
Filed at:   2026-09-22T21:16:41+00:00
Accession:  0001185185-26-004208
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RTB Digital raises $5.5M via private placement at $11.13/share; also lends $5.5M at 20%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526004208/0001185185-26-004208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419275/000118518526004208/rtb8k092226.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-004208

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