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S8 Global Fintech & Regtech Fund, a ten percent owner of RYVYL Inc (NASDAQ:RVYL), has recently increased its stake in the company. According to a Form 4 filing with the Securities and Exchange Commission, the fund purchased 200,000 shares of RYVYL common stock in two transactions, with prices ranging from $0.7509 to $0.8031.
On June 23, 2025, S8 Global Fintech acquired 100,000 shares at a price of $0.7509 per share, for a total value of $75090. The following day, June 24, the fund purchased an additional 100,000 shares at $0.8031 per share, totaling $80310. Following these transactions, S8 Global Fintech & Regtech Fund directly owns 3,287,000 shares of RYVYL Inc.
In other recent news, RYVYL Inc. has filed a registration statement with the SEC, planning to offer shares, although the specifics are yet to be determined pending regulatory review. The company has also announced a letter of intent to acquire a complementary technology entity, contingent on raising $100 million and receiving shareholder approval. Additionally, RYVYL completed the sale of its European subsidiary and withdrew its 2025 guidance. In a move to cut costs, the company reduced its North American workforce by 40%, expecting to save approximately $780,000 per quarter, with further savings anticipated from reducing outside engineering contractors.
RYVYL has also converted its remaining 8% Senior Convertible Note into common stock, issuing 7.1 million shares as part of a strategy to strengthen its balance sheet. Meanwhile, the company appointed Brett Moyer to its board following the resignation of David Montoya, with Moyer bringing experience in scaling technology platforms. Furthermore, RYVYL did not terminate a $15 million stock purchase agreement for its Bulgarian subsidiary by the deadline, allowing the purchaser to proceed with the sale. However, the purchaser agreed to a voluntary standstill until May 16, 2025, to facilitate further discussions.
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