RYVYL navigates Nasdaq compliance with a 15-to-1 reverse split, clearing the path for its $75 million merger integrating digital payments and blockchain media.
Street Insider confirmed that RYVYL completed a 15-to-1 reverse stock split as part of its effort to maintain Nasdaq compliance before merging with Roundtable. The move, combined with a direct equity investment, allowed the company to meet listing requirements and improve shareholder structure. The report described the transaction as a strategic milestone that paves the way for a $75 million merger designed to link digital payments and blockchain-powered media operations. Read more here.