RYVYL Inc. Reports Material Event

Accepted by SEC EDGAR 11/21/2025 - 04:04 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

RYVYL Inc. reports that on November 14, 2025, the United States District Court for the Southern District of California granted preliminary approval of a proposed settlement of the consolidated shareholder derivative action titled “In re RYVYL Inc. Derivative Litigation, Lead Case No. 3:23-cv-01165-GPC-SBC.” The settlement also covers related litigation in the Eight Judicial District Court in Clark County, Nevada involving certain current and former officers and directors.

The court’s order provides for notice of the proposed settlement to all record and beneficial stockholders of RYVYL as of September 30, 2025. RYVYL has filed the preliminary approval order, the stipulation and agreement of settlement, the notice of proposed settlement, and a related press release as exhibits to this report, and has also made the settlement documents and notice available on its investor website.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the court decide in RYVYL Inc. (RVYL)'s derivative case?

On November 14, 2025, the U.S. District Court for the Southern District of California granted preliminary approval of a proposed settlement of the consolidated shareholder derivative action involving RYVYL Inc.

Which litigation is covered by the proposed settlement for RYVYL Inc. (RVYL)?

The proposed settlement covers the consolidated shareholder derivative action “In re RYVYL Inc. Derivative Litigation, Lead Case No. 3:23-cv-01165-GPC-SBC” and related litigation pending in the Eight Judicial District Court in Clark County, Nevada involving certain current and former officers and directors.

Which RYVYL shareholders will receive notice of the proposed settlement?

The court ordered that notice of the proposed settlement be provided to all record and beneficial stockholders of RYVYL Inc. as of September 30, 2025.

Where can investors find the RYVYL Inc. settlement documents and notice?

RYVYL has filed the preliminary approval order, stipulation and agreement of settlement, notice of proposed settlement, and a press release as Exhibits 99.1, 99.2, 99.3 and 99.4 to this report. The stipulation and notice are also available on the company’s website at https://investors.ryvyl.com/ under Reports & Filings.

Does RYVYL's 8-K detail the terms of the derivative settlement?

The 8-K states that the Stipulation and Agreement of Settlement and the Notice of Proposed Settlement are filed as exhibits and posted on RYVYL’s investor website; detailed terms are contained in those documents rather than summarized in the body of the report.

What exhibits related to the settlement did RYVYL Inc. (RVYL) file with the SEC?

RYVYL filed as exhibits: the Preliminary Approval order (99.1), the Stipulation and Agreement of Settlement (99.2), the Notice of Proposed Settlement (99.3), and a related press release dated November 21, 2025 (99.4).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 21, 2025

RYVYL INC.
(Exact name of registrant as specified in its charter)

Nevada		001-34294		22-3962936
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

3131 Camino Del Rio North, Suite 1400
San Diego, CA 92108

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (855) 201-1613

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		RVYL		The Nasdaq Stock Market LLC (Nasdaq Capital Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On November 14, 2025, the United States District Court for the Southern District of California (the “District Court”) issued an order (i) granting preliminary approval (the “Preliminary Approval”) of a proposed settlement, executed on September 30, 2025, of the consolidated shareholder derivative action “In re RYVYL Inc. Derivative Litigation, Lead Case No. 3:23-cv-01165-GPC-SBC”, which settlement includes the settlement of other related litigation pending in the Eight Judicial District Court in Clark County, Nevada, which actions had been filed against certain of the Company’s current and/or former officers and directors in 2023 and 2024 (the “Stipulation and Agreement of Settlement”), and (ii) providing for notice of the Stipulation and Agreement of Settlement to be provided to all record and beneficial stockholders of the Company as of September 30, 2025 (the “Notice of Proposed Settlement”).

Pursuant to the Preliminary Approval, copies of (i) the Preliminary Approval, (ii) Stipulation and Agreement of Settlement (and all exhibits attached thereto), (iii) the Notice of Proposed Settlement and (iv) a press release regarding this Current Report on Form 8-K (this “Form 8-K”), Notice of Proposed Settlement and the Stipulation and Agreement of Settlement are filed as exhibits to this Form 8-K as Exhibits 99.1, 99.2, 99.3 and 99.4, respectively. Copies of the Stipulation and Agreement of Settlement and Notice of Proposed Settlement can also be found on the Company’s website at https://investors.ryvyl.com/ under Reports & Filings.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Name of Exhibit
99.1		Preliminary Approval
99.2		Stipulation and Agreement of Settlement
99.3		Notice of Proposed Settlement
99.4		Press release, dated November 21, 2025.
104		Cover Page Interactive Data File (embedded within the inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RYVYL Inc.
	By:	/s/ George Oliva
		George Oliva
		Interim Chief Executive Officer and Chief Financial Officer

Dated: November 21, 2025

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