Risk Profile Improvements
- Sec Investigation (removed) — SEC investigation disclosure removed from Legal Proceedings section; MD&A confirms settlement finalized May 2026 with no penalty, resolving the matter.
- Securities Litigation (removed) — Cullen securities class action disclosure removed; baseline indicated settlement MOU executed February 2025 but pending court approval, with no update on final resolution.
RTB Digital completes merger, settles SEC probe, sheds 83% of revenue after EU sale
Filed May 14, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 20, 2025 · ~2 min read
Key Changes
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Company completed merger with RTB Digital on May 12, 2026, issuing 11.9M shares and changing its name. Merger resolved Nasdaq delisting threat triggered by insufficient stockholders' equity in April 2026.
MD&A: RTB Merger & Nasdaq Compliance verify on EDGAR → -
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Revenue collapsed 83% to $2.5M (Q1 2026) from $15.1M (Q1 2025) following June 2025 sale of Ryvyl EU subsidiary, which eliminated the International segment and profit repatriation that had funded North America operations.
MD&A: Revenue & Segment Performance verify on EDGAR → -
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SEC settlement finalized May 2026 with no monetary penalty, closing investigation into blockchain and QuickCard disclosures. Shareholder derivative suits also settled and approved by court in January 2026.
MD&A: SEC Settlement & Derivative Litigation verify on EDGAR →
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Generated by AI · Jun 8, 2026 5:51 AM