RYVYL Inc. Material Event: The Merger with RTB Digital

This breakdown covers the latest news regarding RYVYL Inc. (ticker: RVYL). We have removed the complex financial jargon to help you understand what is happening and why it matters to your portfolio.

1. What happened?

Shareholders officially approved the merger between RYVYL Inc. and Roundtable (RTB Digital, Inc.). The vote was a landslide, with 99% of shares cast in favor. This clears the final hurdle to combine the two companies. Once the deal closes, the combined business will operate as RTB Digital, Inc. and trade on the Nasdaq under the new ticker symbol "RTB."

2. When did it happen?

The special shareholder meeting took place on April 1, 2026. The company formally filed the voting results with the SEC and announced them to the public on April 2, 2026.

3. Why did it happen?

RYVYL is moving away from digital payments and banking to become a media and digital publishing company. Roundtable offers a platform using AI, Web3 data encryption, and decentralized content distribution to help media companies earn more money. By merging, RYVYL aims to shift from a low-profit payment processor into a high-growth media technology provider.

4. Why does this matter?

This is a "new chapter" that fundamentally changes the company. Management is hitting the "reset" button to leave behind the complex challenges of the fintech sector. By rebranding as RTB Digital, the company signals a complete shift in identity. The 99% approval rate shows that investors agree the old payment-processing model—which struggled with profitability—needed a radical change to survive.

5. Who is affected?

• Investors: If you own RVYL stock, your shares will transition into the new RTB Digital entity. Watch your brokerage account for the automatic ticker change to "RTB."
• Customers: Existing payment clients will see a shift in priorities. The company plans to phase out older payment products that do not fit the new media-focused plan.
• Employees: The company is shifting its focus. It is moving staff away from payment operations and toward software engineering, AI development, and digital media sales.

6. What happens next?

The merger should close soon, pending final state filings and Nasdaq requirements. Once the merger is official, the company will issue a press release confirming the date for the ticker change and the start of trading under the new name.

7. What should investors know?

• The Bull Case (The Good): The company is pivoting to high-growth areas like AI and blockchain media. If the RTB platform succeeds, it could capture significant market share. The move aims to boost profits by switching from small transaction fees to high-margin software subscription revenue.
• The Bear Case (The Bad): Mergers carry high risks. Combining a media-tech platform with old fintech systems is complex and expensive. The company must also meet Nasdaq’s minimum listing standards, which has been difficult in the past. There is no guarantee the new business will become profitable.
• The Takeaway: This is a high-stakes transformation. You are no longer investing in the same company you were a few months ago. The goal has shifted from "fintech services" to "media technology." It is a "wait and see" situation to determine if leadership can successfully deliver on these ambitious promises.

Final Thought for Investors: Because this is a complete pivot in business strategy, the "old" RYVYL financial history may no longer be a reliable indicator of future performance. When the new company begins trading as "RTB," keep a close eye on their first few quarterly earnings reports. Those reports will be the first real test of whether this new media-tech model can actually generate the profit that the payment business could not.

Disclaimer: I am an AI, not a financial advisor. This summary is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.