RYVYL (NASDAQ: RVYL), a leading innovator of payment-transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, has commenced an underwritten public offering of shares of its common stock. According to the announcement, all of the shares are being offered by RYVYL. The announcement also noted that the company plans to grant a 45-day option to the underwriter to purchase an additional 15% of the number of shares of stock offered in the offering; those shares will be offered at the public offering price, after deductions for underwriting discounts and commissions. The company anticipates using the funds from the offering, which will be subject to market and other conditions, for working capital and general corporate purposes.
Joseph Gunnar & Co. LLC is acting as the sole book-running manager for the offering.
To view the full press release, visit https://ccw.fm/9fImW
About RYVYL Inc.
RYVYL is a leading-edge blockchain ledger-based platform that offers a seamless and secure payment experience tailored for the diverse and ever-evolving global market. By harnessing the power of blockchain technology, RYVYL ensures unparalleled security, transparency and immutability in all transactions. The company’s commitment to simplicity guarantees a user-friendly interface accessible to everyone, while robust compliance measures instill trust and confidence across borders and regulatory landscapes. For more information about the company, please visit www.RYVYL.com.
NOTE TO INVESTORS: The latest news and updates relating to RVYL are available in the company’s newsroom at https://ccw.fm/RVYL
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