RYVYL Inc. — fact timeline

James D. Byelick resigned as Chief Financial Officer at RYVYL Inc..

“Mr. James D. Byelick, the Chief Financial Officer of the Company at the time of the Committee’s approval (Mr. Byelick resigned on March 2, 2023).”

Mary Lay Hoitt was appointed as Interim Chief Financial Officer at RYVYL Inc..

“On March 8, 2023, RYVYL Inc. (the “Company”) appointed Mary Lay Hoitt as the Company’s Interim Chief Financial Officer, effective as of March 9th.”

J. Drew Byelick resigned as Chief Financial Officer at RYVYL Inc..

“On March 2, 2023, Mr. J. Drew Byelick resigned as Chief Financial Officer of RYVYL Inc. (the “Company”), effective immediately.”

RYVYL Inc. reported that prior financial statements should not be relied upon.

“r 30, June 30 and March 31, 2022 (collectively the “Previously Issued Financial Statements”), and the related audit report of the Company’s previous independent registered public accounting firm, BF Borgers CPA, PC, can no longer be relied upon. It is expected that the restatement of the financial statements for the annual and interim periods referred to above will result in decreases to total revenue, increased net losses, decreases to total assets, and decreased total stockholders’ equity. The Audit Committee of the Company and its management concluded that the Company’s Previously Issued Financial Statements should be restated to correct the aforementioned financial statements and that, accordingly, such Previously Issued Financial Statements should no longer be relied upon to that extent. Related press releases, investor presentations or other communications describing the Company’s”

RYVYL Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“December 5, 2022, RYVYL Inc. (the “Company”) received a deficiency letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s common stock, par value $0.001 per share (“Common Stock”), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”).”

J. Drew Byelick was appointed as Chief Financial Officer at RYVYL Inc..

“On August 16 th , Mr. J. Drew Byelick was appointed the Company’s Chief Financial Officer, effective immediately.”

Benjamin Chung resigned as Chief Financial Officer at RYVYL Inc..

“On August 16, 2022, Mr. Benjamin Chung resigned as Chief Financial Officer of GreenBox POS (the “Company”), effective immediately.”

N. Adele Hogan was appointed as Director at RYVYL Inc..

“On April 4, 2022, the Board appointed Ms. N. Adele Hogan as a new director of the Company, effective immediately.”

Carl Williams resigned as Director at RYVYL Inc..

“On April 1, 2022, Mr. Carl Williams informed the Board of Directors (the “Board”) of GreenBox POS (the “Company”) that he was resigning from his position as a director of the Company, effective April 4, 2022.”

Vanessa Luna changed role as other at RYVYL Inc..

“Mr. Wei will succeed Ms. Vanessa Luna, who will transition to a position at the Company’s sales group.”

Min Wei was appointed as Chief Operating Officer at RYVYL Inc..

“approved the appointment of Mr. Min Wei (“Mr. Wei”) to serve as the Company’s Chief Operating Officer (“COO”), effective immediately.”