Ryvyl (NASDAQ: RVYL) Plunges 3.57% on Delisting Risk, Merger Uncertainty

The share price fell to its lowest level since November 2025 today, with an intraday decline of 3.57%.

Ryvyl Inc. (NASDAQ: RVYL) has seen prolonged volatility, with shares down 3.48% on the day and a 22.23% drop over five consecutive trading sessions. The selloff reflects investor concerns over the company’s ongoing Nasdaq delisting risk and its strategic merger with RTB Digital, Inc. (Roundtable). On December 15, shareholders approved a reverse stock split (1-for-20 to 1-for-50) and increased authorized shares to 500 million, following a Nasdaq Staff Delisting Determination on December 11 citing failure to maintain a $1.00 minimum bid price. The premarket trading plunge of 29.9% after the vote underscored skepticism about the split’s long-term efficacy.

Ryvyl’s proposed merger with Roundtable, a Web3 media platform, aims to combine Ryvyl’s digital payment processing with Roundtable’s technology, with $6.5 million in prior investments from Roundtable aiding compliance with Nasdaq’s equity requirements. Shareholders have shown support for the merger, approving leadership transitions and additional fundraising measures. However, unresolved legal challenges, including a shareholder derivative lawsuit, and liquidity pressures cloud the outlook. The company’s appeal of the delisting decision remains pending, with a resolution expected in “the coming weeks.”