RYVYL Inc. received stockholder approval for all proposals, including a reverse stock split and an increase in authorized shares.
The reverse split aims to remedy non-compliance with the Nasdaq bid price rule, ensuring listing compliance.
Key actions have been taken to address stockholder equity issues and secure compliance ahead of the Roundtable merger.
Stockholder Approval
All proposals, including the reverse stock split and director elections, were approved at the 2025 Annual Meeting.
Listing Compliance
The reverse split, along with Roundtable's capital infusion, is expected to bring RYVYL back into compliance with Nasdaq requirements.
Merger Progress
The merger with Roundtable, a Web3 digital media platform, is progressing smoothly with necessary equity requirements met.
- Stockholders' approval reflects strong support for the merger action and listing compliance efforts.
- Steps taken to maintain Nasdaq listing demonstrate proactive measures to address compliance issues.
- Roundtable's financing and strategic investments have played a crucial role in ensuring RYVYL's compliance with listing rules.
RYVYL's proactive approach and successful stockholder approval reflect a positive outlook for future compliance and the ongoing Roundtable merger. The company remains focused on meeting Nasdaq requirements and driving growth through strategic partnerships.