Ryvyl stock soars after merger agreement with RTB Digital

Investing.com -- Ryvyl Inc (NASDAQ:RVYL) stock surged 65.5% in premarket trading Wednesday after the company announced a definitive agreement to merge with privately-held RTB Digital, a Web3 digital media SaaS technology company.

The merger will combine Roundtable’s digital media platform with Ryvyl’s payment infrastructure to accelerate revenue and distribution growth for Roundtable’s premium media clients, which include Yahoo, TheStreet, and Paris Saint-Germain football club. The transaction is expected to close by the end of 2025, subject to stockholder approval and other closing conditions.

Under the terms of the agreement, Ryvyl stockholders will own 15.15% of the combined company, while RTB Digital stockholders will control 84.85%. The deal values the pre-money enterprise of the combined companies at $41.25 million.

James Heckman, Roundtable’s founder and a serial media platform entrepreneur, will become CEO of the merged entity upon closing. George Oliva, Ryvyl’s current CFO, has been appointed interim CEO and Chairman during the transition period following the retirement of the company’s current CEO.

Roundtable brings significant technology expertise to the merger, including Eyal Hertzog, Bancor founder and DeFi protocol inventor, and Bill Sornsin, former Microsoft senior product leader. The company has already raised $33 million in new capital to support its digital platform.

"This transaction reflects a deliberate, long-term approach to integrating digital assets, and our planned merger partner pledged to contribute over $30 million BTC to our treasury," said Oliva. "Bitcoin is a promising reserve asset class that complements our goal of strengthening our balance sheet to position the company for growth digital media platform innovation."

Upon closing, the company will be renamed RTB Digital, Inc., doing business as "Roundtable," with Walton Comer serving as Chairman. The proxy is expected to be mailed in October, with the stockholders’ meeting scheduled for Q4 2025.

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