RYVYL Inc. Receives Nasdaq Delisting Notice, Files Appeal Citing Pending Merger as Compliance Solution

summarizeSummary

RYVYL Inc. received a Nasdaq delisting notice for failing to meet minimum equity requirements but has filed an appeal, stating the pending merger with RTB Digital, Inc. will resolve the non-compliance.

check_boxKey Events

• Nasdaq Delisting Notice Received

  On April 23, 2026, RYVYL Inc. received a notice from Nasdaq regarding non-compliance with the $2.5 Million minimum stockholders' equity requirement (Rule 5550(b)(1)).

• Appeal Filed to Prevent Delisting

  The company filed a request for an appeal hearing on April 29, 2026, which stays the suspension of its Common Stock from trading pending the Panel's decision. Delisting was set for May 4, 2026, if no appeal was made.

• Merger with RTB Digital as Compliance Plan

  RYVYL Inc. expects to regain compliance upon the closure of its previously approved merger with RTB Digital, Inc. The post-merger entity is projected to have over $20 Million in shareholder equity, satisfying Nasdaq's requirements.

• Merger Expected Before Appeal Hearing

  The company anticipates the merger will be completed prior to the appeal hearing, thereby fully remedying the non-compliance.

auto_awesomeAnalysis

RYVYL Inc. received a delisting notice from Nasdaq due to non-compliance with the minimum stockholders' equity requirement. This is a critical event for the company, especially given its previously disclosed going concern warning and substantial losses. However, the company has promptly filed an appeal, which temporarily stays the delisting. The core of their compliance plan hinges on the completion of the previously approved merger with RTB Digital, Inc., which is expected to boost shareholder equity above the Nasdaq threshold. The successful completion of this merger is now paramount for RYVYL Inc. to maintain its Nasdaq listing and address its underlying financial challenges.