Ryvyl Adds Veteran former Goldman Sachs Tech Banker Steve Fletcher to Board of Directors
As seen on The Globe And Mail.
Seattle, WA, April 02, 2026 (GLOBE NEWSWIRE) -- James Heckman, CEO of AI-driven, Web3 media platform - RTB Digital, Inc. (dba “Roundtable”), following shareholder approval of the company’s merger with RYVYL Inc. (NASDAQ: RVYL) outlined the post-merger capitalization table lock-up agreement, and related liquidity considerations; provided additional detail on the recently announced $10 million deposit toward a strategic investment and partnership; and announced a veteran digital media-focused board member.
Heckman announced, “about 85% of outstanding shares, including new shares from the merger, and 100% of the $35 million recently invested, which auto-converts into equity - concurrent with the merger, have agreed to lock up for at least one year, with a 12-month release thereafter.”
The Company and its benefactors have made the rare decision to release enough shares to meet minimum NASDAQ requirements related to liquidity but no more - the rest are locked. In short, of the combined total of 13.5 million shares, only 2 million shares are unlocked, leaving 11.5 million locked.
Heckman continued to underscore the long-term commitment of the team.
“Our visionary, veteran product team has invested five intense years, with tens of millions deployed, to create the only AI-driven, Web3, full-stack enterprise platform for professional media. Nothing will distract us from reaching our industry goals, especially not short-term liquidity, as we focus on delivering a shared platform to ensure transparency, efficiency, and profitability for our media partners.”