Ryvyl announces 1-for-10 reverse stock split

San diego, ca, sept. 06, 2023 (globe newswire) -- ryvyl inc. (nasdaq: rvyl) ("ryvyl" or the "company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced that the board of directors has approved a reverse stock split of its outstanding shares of common stock, par value $0.001 per share (the "common stock") at a ratio of 1-for-10. the reverse stock split does not require the approval of the company's stockholders, as it was approved in accordance with nevada revised statutes section 78.207.
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