Ryvyl Advances Merger with RTB and Strategic Acquisition

Ryvyl ( (RVYL) ) has provided an announcement.

Ryvyl, Inc. reported that RTB Digital, Inc., the company with which it has entered into a proposed merger under which Ryvyl would be the surviving entity, has signed a confidential Strategic Partnerships and Investment Terms Agreement to obtain a controlling interest in a strategically aligned company in its industry. The agreement includes a non-refundable $10 million deposit already paid toward the purchase price, and, once the merger closes, Ryvyl will assume the agreement through RTB as a subsidiary, subject to further negotiations and conditions such as additional funding, payment of the remaining purchase price, and RTB taking on part of the seller group’s outstanding debt.

The most recent analyst rating on (RVYL) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Ryvyl stock, see the RVYL Stock Forecast page.

Spark’s Take on RVYL Stock

According to Spark, TipRanks’ AI Analyst, RVYL is a Neutral.

The score is primarily weighed down by weak financial performance (declining revenue, large losses, negative equity, and negative cash flows). Technicals also remain bearish with the stock below key moving averages and negative MACD. Corporate events add some offset from regained Nasdaq compliance and merger progress, but are tempered by the share-based class action settlement.

To see Spark’s full report on RVYL stock, click here.

More about Ryvyl

Ryvyl, Inc. operates in the financial technology and digital payments sector, and is pursuing growth through mergers and strategic partnerships. Through its proposed merger with RTB Digital, Inc., Ryvyl aims to expand its presence by integrating complementary businesses and capabilities within its industry.

Average Trading Volume: 307,453

Technical Sentiment Signal: Strong Sell

Current Market Cap: $6.43M

See more insights into RVYL stock on TipRanks’ Stock Analysis page.