Ryvyl executes repurchase and repayment agreement with securityholder to retire all outstanding series b convertible preferred stock and outstanding balance of 8% senior convertible note

San diego, ca, jan. 24, 2025 (globe newswire) -- ryvyl inc. (nasdaq: rvyl) ("ryvyl" or the "company"), a leading innovator of payment transaction solutions leveraging electronic payment technology for diverse international markets, has executed a preferred stock repurchase and note repayment agreement 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 definitive agreement provides for:
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