DelistingApr 29, 2026, 05:27 PM
RYVYL Receives Nasdaq Delisting Notice; Appeals, Cites RTB Merger
AI Summary
RYVYL Inc. received a notice from Nasdaq on April 23, 2026, regarding non-compliance with the $2.5 million minimum stockholders' equity requirement, which could lead to delisting. The company has filed an appeal by April 29, 2026, which stays the delisting process. RYVYL expects to regain compliance upon the closure of its merger with RTB Digital, Inc., which was approved by stockholders on April 1, 2026, as the combined entity is projected to have over $20 million in shareholder equity.
Key Highlights
- RYVYL received Nasdaq delisting notice on April 23, 2026.
- Notice cited non-compliance with Nasdaq's $2.5M minimum stockholders' equity rule.
- Company filed an appeal by April 29, 2026, staying delisting.
- Stockholders approved merger with RTB Digital on April 1, 2026.
- Post-merger company expects over $20M in shareholder equity.
- Merger completion is the plan to regain Nasdaq compliance.