Ryvyl Inc Stock Price, News & Analysis

RYVYL Inc. (NASDAQ: RVYL) has made a significant financial move by paying an initial $13.0 million tranche to a securityholder on January 27, 2025. This payment has accomplished two major objectives: the complete redemption of the Company's Series B Convertible Preferred Stock (which had a liquidation value of $53.1 million) and a substantial reduction of their 8% Senior Convertible Note from $18.3 million to $4.0 million.

The remaining $4.0 million is due by April 30, 2025. Until then, the company has temporarily suspended interest payments on the remaining balance, the securityholder's conversion rights, and certain restrictive covenants. These conditions will be reinstated if RYVYL fails to pay the second tranche by the deadline.

According to CFO George Oliva, these transactions significantly reduce conversion overhang and dilution risk to common stock, with the balance sheet restructuring expected to be highly anti-dilutive and beneficial to stockholders while lowering capital costs for 2025 growth investments.

RYVYL Inc. (NASDAQ: RVYL) has executed a Preferred Stock Repurchase and Note Repayment Agreement to retire all outstanding Series B Convertible Preferred Stock and settle an 8% Senior Convertible Note. The agreement includes a first tranche payment of $13.0 million due by January 27, 2025, with an option to extend to February 3, 2025, for an additional $50,000 fee.

Following the first tranche payment, the remaining $4.0 million balance of the Note will be due by April 30, 2025. Upon completion of the first tranche payment, certain restrictive covenants will be waived and interest accrual will cease, provided the remaining balance is paid on time. Until the first tranche payment is made, the Securityholder maintains conversion rights for both the Note and Preferred Stock into common stock.

RYVYL Inc. (NASDAQ: RVYL) has entered into a new non-binding Memorandum of Understanding (MOU) with a securityholder to retire debt instruments. The agreement includes:

- A first tranche payment of $13.0 million to redeem all Series B Convertible Preferred Stock and partially pay an 8% Senior Convertible Note, leaving a $4.0 million balance

- The remaining $4.0 million balance will have an advanced maturity date of April 30, 2025

The company must execute definitive agreements and pay the first tranche by January 27, 2025, or the MOU expires. RYVYL can extend this deadline to February 3, 2025, for an additional $50,000. Upon payment, certain restrictive covenants will be waived, contingent on paying the remaining balance by April 30, 2025. Until the first payment, the securityholder retains conversion rights for both instruments.

RYVYL Inc. has amended its non-binding Memorandum of Understanding (MOU) regarding the repayment of an 8% Senior Convertible Note and redemption of Series B Convertible Preferred Stock. The amendment extends the first tranche payment deadline of $12.8 million to November 29, 2024. While the company will make efforts to secure the necessary financing, there is no guarantee of success in raising the funds or finalizing the Definitive Agreements with the investor, as the MOU is non-binding.

RYVYL Inc. (NASDAQ: RVYL) reported Q3 2024 financial results with revenue of $12.6 million, down from $17.5 million in Q3 2023. International revenue grew 96% year-over-year, with processing volume increasing 31% to $1,123 million. The company's gross margin slightly improved to 38.5%. Operating expenses decreased to $7.3 million from $9.0 million in Q3 2023. RYVYL updated its 2024 guidance, projecting full-year revenue between $56-60 million. The company also signed an MOU to restructure its balance sheet, addressing $19.0 million in convertible notes and $53.5 million in preferred stock.

RYVYL Inc. (NASDAQ: RVYL) has signed a non-binding MOU with an investor to retire debt obligations. The agreement covers the full repayment of an 8% Senior Convertible Note ($19.0M outstanding) and redemption of Series B Convertible Preferred Stock ($53.5M liquidation value) for a total consideration of $16.5M. The payment structure includes a first tranche of $12.8M due by November 22, 2024, and a remaining $3.7M note payment due January 31, 2025. The company plans to fund this through new equity, debt, or convertible debt financings, though success is not guaranteed.

RYVYL Inc. (NASDAQ: RVYL), a payment transaction solutions provider, has scheduled its Q3 2024 financial results announcement for Thursday, November 14, 2024, after market close. Management will host a conference call at 4:30 p.m. Eastern Time to discuss results for the quarter ended September 30, 2024. The call will include a corporate update and Q&A session. Questions can be submitted in advance to RYVYL@lhai.com. A replay will be available through January 14, 2025, and the webcast recording will be accessible for 90 days on RYVYL's IR website.

RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using proprietary blockchain ledger and electronic payment technology, has announced its participation in the LD Micro Main Event XVII. The event is scheduled for October 28-30, 2024, at the Luxe Sunset Blvd Hotel in Los Angeles.

RYVYL's Chairman and Co-Founder, Ben Errez, along with Chief Financial Officer, George Oliva, will be present to deliver a presentation and engage in one-on-one meetings with investors. The company's presentation is set for October 29 at 11:00 am PT.

Interested parties can access the presentation webcast through the investor relations section of RYVYL's website. For scheduling meetings or additional information, attendees are encouraged to contact their conference representative or email RYVYL@lhai.com.

RYVYL Inc. (NASDAQ: RVYL), a leader in payment transaction solutions using blockchain and electronic payment technology, will participate in the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City. Chairman and Co-Founder Ben Errez and CFO George Oliva will present to attendees and be available for one-on-one meetings with investors.

The presentation is scheduled for September 11 at 9:30 am ET. Investors can access the webcast through the conference website or RYVYL's investor relations page. This event provides an opportunity for RYVYL to showcase its innovative solutions and engage with potential investors in the fintech sector.