Ryvyl Inc

Ryvyl, Inc. is a technology company formed for the purpose of developing, marketing and selling innovative blockchain-based payment solutions. The firm’s focus is to develop and monetize disruptive blockchain-based applications, integrated within an end-to-end suite of financial products, capable of supporting a multitude of industries. Its proprietary, blockchain-based ecosystem is designed to facilitate, record and store a virtually limitless volume of tokenized assets, representing cash or data, on a secured, immutable blockchain-based ledger. The company was founded in 2007 and is headquartered in San Diego, CA.

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Ryvyl, Inc. operates as a financial technology company, which develops, markets, and sells innovative block chain-based payment solutions. It operates through the North America and International geographical segments. The company was founded in 2007 and is headquartered in San Diego, CA.

Ryvyl (NASDAQ: RVYL ) stock is falling on Tuesday after the blockchain-based payment solutions company announced a proposed public offering for its shares. Ryvyl hasn't pinned down the specific details of this offering just yet.

Why Is Ryvyl (RVYL) Stock Down 10% Today?

San Diego, CA, April 16, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced the cancellation of the proposed underwritten public offering of shares of its common stock originally announced on April 15, 2024.

RYVYL Inc. Announces Cancellation of Proposed Underwritten Public Offering

San Diego, CA, April 15, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced that it has commenced an underwritten public offering of shares of its common stock. All of the shares of common stock are being offered by RYVYL. In addition, RYVYL intends to grant the underwriter in the offering a 45-day option to purchase up to an additional 15% of the number of shares of common stock offered in the offering at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

RYVYL Inc. Announces Launch of Proposed Underwritten Public Offering

Ryvyl, Inc. (RVYL) Q4 2023 Earnings Call Transcript

Record Q4 2023 Revenue of $22.3 Million Increased 100% Compared to Q4 2022 and Exceeded Guidance of $19 Million to $21 Million

RYVYL Reports Record Full Year 2023 Revenue of $65.9 Million, Up 100% Compared to 2022

SAN DIEGO, CA, March 14, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, expects to report financial results for the fourth quarter and full year 2023 on Tuesday, March 26, 2024.

RYVYL to Announce Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 26, 2024

LOS ANGELES , March 4, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Ryvyl Inc. ("Ryvyl" or the "Company") (NASDAQ: RVYL) concerning whether the board breached its fiduciary duties to shareholders.

The Law Offices of Frank R. Cruz Announces Investigation of Ryvyl (RVYL) on Behalf of Investors

ACI Worldwide

MIAMI--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced a collaboration with RYVYL EU, a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates. RYVYL EU is an EU-regulated electronic money institution based in Sofia, Bulgaria, and is a wholly owned subsidiary of RYVYL Inc. (NASDAQ: RVYL).

ACI Worldwide and RYVYL EU Power Merchant Payments in Central Eastern Europe

- Processing volume hit $3 billion, up 58% over 2022 -- Retains coyni to drive substantial revenue growth - - Provides 2024 revenue guidance of $95 million to $100 million -

RYVYL Expects 2023 Revenue to be Up >90% Over 2022 and Provides 2024 Revenue Guidance Up >67% Over 2023

Recently completed convertible debt for preferred equity exchange transactions reduced debt by over $60 million, substantially increasing net stockholders' equity

RYVYL Regains Compliance with Nasdaq Continued Listing Requirements

NEW YORK / SAN DIEGO, Dec. 14, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) and R3, a leading provider of enterprise distributed ledger technology (“DLT”) software and services for the financial services sector, proudly announce their collaboration to offer businesses a groundbreaking Blockchain-as-a-Service solution that enables streamlined and secure digital transformation.

RYVYL and R3 Partner to Unveil RYVYL Block: Next-Generation Blockchain-as-a-Service Infrastructure

SAN DIEGO, CA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, announced today the Company entered into a second exchange agreement with an existing noteholder (the “Noteholder”), to forbear the note repayment requirement until April 5th, 2025 and exchange the outstanding principal in a new authorized series of preferred stock.

RYVYL Announces Second Exchange Agreement with Convertible Noteholder; Reducing Company Debt by more than $60 million

Ryvyl, Inc. (NASDAQ:RVYL ) Q3 2023 Results Conference Call November 13, 2023 4:30 PM ET Company Participants Ben Errez - Chairman George Oliva - Chief Financial Officer Min Wei - Chief Operating Officer Fredi Nisan - CEO Conference Call Participants Kevin Dede - H.C. Wainright Operator Good afternoon, everyone, and welcome to RYVYL Inc.'s Third Quarter 2023 Conference Call.

Ryvyl, Inc. (RVYL) Q3 2023 Earnings Call Transcript

Management to Host Third Quarter 2023 Financial Results Conference Call on Monday, November 13, 2023

RYVYL Announces Preliminary Third Quarter 2023 Revenues Grew 60% Year-over-Year to a Quarterly Record $17.0 million.

SAN DIEGO, CA, Oct. 19, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced that it has appointed George Oliva as Chief Financial Officer of the Company, replacing former Interim Chief Financial Officer, Gene Jones.

RYVYL Appoints George Oliva as Chief Financial Officer

SAN DIEGO, CA, Sept. 25, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced it will participate at the LD Micro Main Event XVI Conference taking place at the Luxe Sunset Boulevard Hotel in Los Angeles, California from October 3-5, 2023.

RYVYL to Present at LD Micro Main Event XVI

SAN DIEGO, CA, Sept. 06, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced that the Board of Directors has approved a reverse stock split of its outstanding shares of common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1-for-10. The reverse stock split does not require the approval of the Company's stockholders, as it was approved in accordance with Nevada Revised Statutes Section 78.207.

RYVYL Announces 1-for-10 Reverse Stock Split

SAN DIEGO, CA, Aug. 31, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced it will participate at the H.C. Wainwright 25th Annual Global Investment Conference being held September 11-13, 2023 at the Lotte New York Palace Hotel in New York City.

RYVYL to Present at the 25th Annual H.C. Wainwright Global Investment Conference

Ryvyl, Inc. (NASDAQ:RVYL ) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET Company Participants Ben Errez - Chairman of the Board Gene Jones - Interim Chief Financial Officer Min Wei - Chief Operating Officer Fredi Nisan - Interim Chief Financial Officer Conference Call Participants Michael Donovan - H.C. Wainwright Operator Welcome to the RYVYL second quarter earnings conference call.

Ryvyl, Inc. (RVYL) Q2 2023 Earnings Call Transcript

SAN DIEGO, CA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation capabilities to conduct payment transactions, announced today the Company on July 31, 2023 closed the first of two exchange transactions, with an existing noteholder (the “Noteholder”) under the terms of an Exchange Agreement, dated July 25, 2023 (the “Exchange Agreement”), and issued 6,000 shares of Series A Convertible Preferred Stock to the Noteholder in exchange for $4,297,000 of the outstanding principal balance of the Note and $1,703,000 of accrued interest.

RYVYL Announces Completion of Initial Steps Under the Exchange Agreement Reducing Debt and Increasing Shareholder Equity and Cash Flow

$ 6 Million Initial Debt Reduction Additional $16.7 million upon Exchanges of Convertible Note into Preferred Stock $5 Million Second Half 2023 Cash Flow Improvement with Interest Write-off  SAN DIEGO, CA, July 26, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation capabilities to conduct payment transactions, has agreed to an amendment of terms with the noteholder of the $100 million convertible note financing, originally entered into on November 5, 2021. Under the terms of an Exchange Agreement, in two separate exchanges, an aggregate of $22.703 million of the existing note will potentially be exchanged into 15,000 shares of a new class of RYVYL convertible preferred stock, with an aggregate stated value of $15,000,000.

RYVYL Bolsters Capital Structure Resulting in Debt Reduction, Significant Improvement to Cash Flow, and Increased Shareholder Equity in Exchange Agreement with Convertible Noteholder

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Q2 202 3 Revenues Exceed Guidance Range of $12.5 to $14 million , Growing 30% Sequentially to $14 . 5 million

RYVYL Announces Preliminary Second Quarter 2023 Financial Results

San Diego, June 28, 2023 (GLOBE NEWSWIRE) -- RYVYL (NASDAQ: RVYL) announced that RYVYL EU, its wholly-owned subsidiary in Europe and a fully licensed electronic money institute (EMI) entered into a partnership with Visa to enable Visa Direct, a cutting-edge transfer solution, to RYVYL's customers. This collaboration is set to revolutionize the way funds are transferred between accounts, offering fast, convenient, and secure transactions.

RYVYL EU and Visa Partner to Enable Visa Direct for Fast and Secure Account-to-Account Transfers - UPDATED

San Diego, June 27, 2023 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions today announced a strategic partnership between its wholly-owned subsidiary in Europe, RYVYL EU, and Visa. With RYVYL EU being a fully licensed electronic money institute (EMI), this partnership will enable RYVYL EU's customers to use Visa Direct, a state-of-the-art account-to-account transfer solution. This collaboration aims to revolutionize the way funds are transferred between accounts, providing fast, convenient, and secure transactions.

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