RYVYL prices $6 million public offering at $0.39 per share

SAN DIEGO - RYVYL Inc. (NASDAQ:RVYL), a payment transaction solutions provider, announced Tuesday the pricing of its public offering at $0.39 per share. The offering comes as the company’s stock has declined nearly 50% year-to-date, according to InvestingPro data. The offering consists of 15,384,615 shares of common stock (or prefunded warrants) and warrants to purchase an equal number of shares.

The warrants will have an exercise price of $0.39 per share, will be immediately exercisable upon issuance, and will expire five years after issuance. With a current market capitalization of just $3 million and an InvestingPro Financial Health Score rated as WEAK, the company expects to raise approximately $6 million in gross proceeds before deducting placement agent fees and other offering expenses.

Maxim Group LLC is serving as the sole placement agent for the offering, which is expected to close on or about July 16, 2025, subject to customary closing conditions.

The offering is being conducted pursuant to a registration statement on Form S-1 that was declared effective by the Securities and Exchange Commission on July 14, 2025.

RYVYL, which was founded in 2017 as GreenBox POS, develops payment transaction solutions for business-to-business, consumer-to-business, and peer-to-peer transactions. The company provides applications for financial transactions with enhanced security features and identity theft protection. According to InvestingPro analysis, which offers comprehensive research reports on over 1,400 US stocks, RYVYL faces significant challenges with its current ratio of 0.77 indicating potential liquidity concerns.

This announcement is based on a press release statement from the company. The offering is being made only by means of a prospectus forming part of the effective registration statement.

In other recent news, RYVYL Inc. has made significant strides in its financial and operational strategies. The company has filed a registration statement with the SEC and plans to acquire an entity with complementary technology, contingent upon raising $100 million. Additionally, RYVYL has completed the sale of its European subsidiary, RYVYL EU, and implemented cost-saving measures, including a workforce reduction expected to save $780,000 per quarter. In a move to strengthen its balance sheet, RYVYL converted its remaining Senior Convertible Note into common stock, issuing 7.1 million shares. This conversion is part of a broader strategy to minimize shareholder dilution and restructure its financials.

The company also announced the appointment of Brett Moyer to its board of directors following the resignation of David Montoya. Moyer’s expertise is expected to support RYVYL’s focus on growth opportunities, particularly in North America and blockchain applications. In regulatory filings, RYVYL disclosed that it did not terminate a $15 million stock purchase agreement for its Bulgarian subsidiary by the deadline, although discussions with the purchaser are ongoing. These developments indicate RYVYL’s active efforts to enhance its financial position and explore new growth avenues.

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