- RYVYL Inc. (RVYL, Financial) enters restructuring negotiations for its RYVYL EU subsidiary's pre-funded asset sale.
- A standstill agreement is in place until May 6, 2025, with a possible extension to May 27, 2025.
- Original asset sale valued at $15 million, with shares held in escrow during negotiations.
RYVYL Inc. (RVYL) has initiated negotiations to restructure the terms of its pre-funded asset sale involving its European subsidiary, RYVYL EU. A standstill agreement has been put in place to provide more time for these negotiations, lasting until May 6, 2025, with an option to extend the period by 21 days to May 27, 2025, for a payment of $750,000.
Originally, RYVYL had entered into an agreement on January 24, 2025, for a $15 million pre-funded asset sale, with a 90-day closing period. The agreement could have been terminated by April 23, 2025, through a payment of $16.5 million. During the current standstill period, shares of the RYVYL EU subsidiary will remain held in escrow. The aim is to restructure the asset sale into debt and/or equity, although the outcome of these negotiations remains uncertain.