Ryvyl Closes $6 Million Public Offering

Ryvyl ( (RVYL) ) has issued an update.

On July 15, 2024, Ryvyl, Inc. entered into a Placement Agency Agreement with Maxim Group LLC for a public offering of 8,135,000 common units and 7,249,615 pre-funded units, closing on July 16, 2025. The offering, priced at $0.39 per common unit and $0.389 per pre-funded unit, raised approximately $6.0 million in gross proceeds, with net proceeds of $5.3 million intended for liability policy premiums and general corporate purposes. The company agreed to a 45-day issuance restriction and a 90-day lock-up for key stakeholders, impacting its operational liquidity and market positioning.

Spark’s Take on RVYL Stock

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

Ryvyl’s overall stock score of 40 reflects the company’s substantial financial and operational challenges. The financial performance is the most critical factor, with negative equity and declining revenues posing serious risks. Technical analysis further supports a negative outlook with bearish indicators. Valuation metrics also show significant weaknesses, primarily due to the negative P/E ratio. The corporate events add additional risk, although they were excluded from the weighted calculation due to the focus on financial, technical, and valuation aspects.

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

More about Ryvyl

RYVYL Inc. is a leading innovator in payment transaction solutions, leveraging electronic payment technology for diverse international markets. Founded as GreenBox POS in 2017 in San Diego, the company offers a suite of turnkey financial products with enhanced security, data privacy, and rapid settlement speed, catering to business-to-business, consumer-to-business, and peer-to-peer transactions globally.

Average Trading Volume: 11,981,211

Technical Sentiment Signal: Sell

Current Market Cap: $10.4M

See more data about RVYL stock on TipRanks’ Stock Analysis page.