Ryvyl extends obligation to repay convertible note to April 2026

RYVYL entered into an Agreement with an existing noteholder of its 8% Senior Convertible Note, pursuant to which the Noteholder agreed to further forbear RYVYL’s repayment obligation under the Note to April 5, 2026. Under the terms of the Agreement, in consideration for the Noteholder’s agreement to further extend the Company’s repayment obligation under the Note by an additional year, the Company will make a cash payment of $80,000 now as an advance payment of the next interest payment due and payable under the Note on October 1, 2024. Other terms of the Note remain unchanged, and a total of $19.1 million in principal currently remains outstanding under the Note, which RYVYL intends to repay, in full, on or before April 5, 2026.