RYVYL Inc. (NASDAQ: RVYL) announces stockholder approval of all proposals at the 2025 Annual Meeting of Stockholders.
The approved proposals include a reverse stock split at a ratio of 1-for-20 to 1-for-50 shares and an increase in authorized shares from 100,000,000 to 500,000,000.
The company believes these actions will ensure compliance with Nasdaq listing requirements.
Stockholder Approval
Stockholders approved all proposals including the reverse stock split and increase in authorized shares.
Compliance Steps
The reverse split aims to address the bid price deficiency and maintain Nasdaq listing compliance.
Merger Impact
The merger with Roundtable has enhanced RYVYL's stockholder equity, aiding in compliance with Nasdaq requirements.
- RYVYL's stockholder approval indicates strong support for the actions associated with the Roundtable merger.
- The company's immediate action with the reverse split is expected to resolve Nasdaq listing matters through the appeal process.
Overall, the stockholder approval and commencement of the reverse stock split process mark significant progress towards maintaining Nasdaq listing compliance for RYVYL Inc.