RYVYL Amends MOU to Adjust Timing of First Tranche Payment to Investor to Retire 8% Senior Convertible Note and Series B Convertible Preferred Stock
Ryvyl Inc. (RVYL)
Company Research
Source: GlobeNewswire
SAN DIEGO, CA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, amended the previously announced non-binding Memorandum of Understanding (the “MOU”) for the full repayment and termination of an 8% Senior Convertible Note (the “Note) and the redemption of all shares of the Company’s Series B Convertible Preferred Stock (the “Preferred Stock”). The MOU has been amended to extend the first tranche payment of $12.8 million to November 29, 2024. The Company will use its reasonable best efforts to raise the financing required, but there is no assurance that it will be able to do so by November 29, 2024. Even if the Company does raise sufficient funds, since the MOU is not binding, there is no assurance that the Company will be able to enter into the Definitive Agreements with the Investor.
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RVYL
News
- RYVYL Amends MOU to Adjust Timing of First Tranche Payment to Investor to Retire 8% Senior Convertible Note and Series B Convertible Preferred Stock [Yahoo! Finance]Yahoo! Finance
- RYVYL Reports Q3 2024 ResultsGlobeNewswire
- RYVYL Signs MOU with Investor to Retire 8% Senior Convertible Note and Series B Convertible Preferred StockGlobeNewswire
- RYVYL to Announce Third Quarter 2024 Financial Results on Thursday, November 14, 2024 [Yahoo! Finance]Yahoo! Finance
- RYVYL to Announce Third Quarter 2024 Financial Results on Thursday, November 14, 2024GlobeNewswire
RVYL
Earnings
- 11/14/24 - Miss
RVYL
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- RVYL's page on the SEC website