Ryvyl Raises $5M Through Private Placement Of 50K Series C Convertible Preferred Stock At A Price Of $0.40/Share

On October 6, 2025, the Company, entered into a Securities Purchase Agreement (the "Purchase Agreement") with the purchasers named therein (the "Investors"), pursuant to which the Company sold an aggregate of 50,000 shares of its Series C convertible preferred stock, par value $0.001 per share (the "Series C Preferred Stock")to the Investors in a private placement (the "PIPE financing"), which was closed on October 7, 2025. Each share of Series C Preferred Stock was sold at a purchase price of $0.40 per share to the Investors for a gross proceeds of up to $5,000,000 to the Company, before the offering expenses. The Purchase Agreement memorializes that the purchase by RTB of the Series C Preferred Stock is in furtherance of maintaining the Company's required capital during the period prior to the closing of the merger of RTB and the Company, and that regardless of whether the merger takes place, the Series C Preferred Stock shall be dilutive of the economics or voting of the Company's shares of common stock, par value $0.001 per share ("Common Stock") only at such times as the Merger Agreement is effective.