RYVYL Inc. announced a 1-for-35 reverse stock split of its common stock.
The reverse stock split is aimed at increasing the market price per share to maintain listing compliance on the Nasdaq Capital Market.
The new trading symbol for the common stock post-split will be 'RVYL' with a new CUSIP number.
Purpose of Reverse Stock Split
To increase the market price per share and attract investors by raising the trading price.
Shareholder Approval
Shareholder approval for the reverse stock split was obtained on December 15, 2025.
Effective Date
Expected to be January 1, 2026, with trading on Nasdaq on split-adjusted basis starting January 2, 2026.
- The reverse stock split aims to ensure compliance with the Nasdaq's listing requirements.
- Investors may find the increased trading price more attractive, potentially impacting market sentiment.
RYVYL's decision to implement a reverse stock split reflects a strategic move to enhance market positioning and investor appeal.