Ryvyl executes new mou with securityholder to retire 8% senior convertible note and series b convertible preferred stock

San diego, ca, jan. 22, 2025 (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, has entered into a new non-binding memorandum of understanding with a securityholder of the company, replacing a previously announced memorandum of understanding, which expired on november 29, 2024 (the “new 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 new mou provides for:
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