Ryvyl amends mou to adjust timing of first tranche payment to investor to retire 8% senior convertible note and series b convertible preferred stock

San diego, ca, nov. 20, 2024 (globe newswire) -- ryvyl inc. (nasdaq: rvyl) ("ryvyl" or the "company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, amended the previously announced non-binding memorandum of understanding (the “mou”) for the full repayment and termination of an 8% senior convertible note (the “note) and the redemption of all shares of the company's series b convertible preferred stock (the “preferred stock”). the mou has been amended to extend the first tranche payment of $12.8 million to november 29, 2024.
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