RYVYL Inc. Raises $6mln for Blockchain-based Payment Solutions

RYVYL Inc., a financial technology company, has priced a $6 million public offering of shares and warrants. The company develops and sells blockchain-based payment solutions, including the QuickCard Payment System, Coyni Platform, and ChargeSavvy. Its blockchain-based systems facilitate, record, and store tokenized assets on a secured, immutable ledger. RYVYL aims to develop and monetize disruptive blockchain-based applications for various industries.

RYVYL Inc. (NASDAQ: RVYL), a leading innovator in payment transaction solutions, has priced a $6 million public offering. The offering includes 15,384,615 shares of common stock (or prefunded warrants) and an equal number of warrants to purchase shares at a combined price of $0.39 per share. The warrants are immediately exercisable at $0.39 per share and will expire in five years.

The gross proceeds from the offering, before deducting placement agent fees and other expenses, are expected to be approximately $6.0 million. The closing of the offering is anticipated around July 16, 2025, subject to customary closing conditions. Maxim Group LLC is acting as the sole placement agent in this offering.

RYVYL was founded in 2017 as GreenBox POS and has since developed applications enabling an end-to-end suite of turnkey financial products. The company leverages electronic payment technology to facilitate, record, and store tokenized assets on a secured, immutable ledger. RYVYL aims to develop and monetize disruptive blockchain-based applications for various industries.

The offering signals potential concerns about RYVYL's financial position. The $0.39 price point suggests a significant discount to recent trading prices, indicating weak demand or urgent capital needs. The 1:1 warrant coverage, immediate exercisability of warrants, and the engagement of Maxim Group as the sole placement agent further suggest limited institutional interest and potential financial strain.

The company's forward-looking statements caution that actual results may differ materially from those discussed, and risk factors are detailed in RYVYL's filings with the SEC.

References:
[1] https://uk.finance.yahoo.com/news/ryvyl-announces-pricing-6-0-125500244.html
[2] https://www.stocktitan.net/news/RVYL/ryvyl-announces-pricing-of-6-0-million-public-6g632duan8nt.html