Roundtable Merger Locks $35M Equity Investment in RVYL

Roundtable (RTB Digital, Inc., dba Roundtable) and RYVYL Inc. (NASDAQ: RVYL) completed a merger following shareholder approval, with Roundtable CEO James Heckman describing the post-merger lock-up and liquidity plan. Approximately 85% of outstanding shares, including new merger shares, and 100% of a $35 million investment that auto-converts into equity were agreed to lock up for at least one year, with a 12-month release thereafter.

The lock-up covers 11.5 million shares out of a combined total of 13.5 million shares, leaving about 2 million shares unlocked to meet minimum Nasdaq liquidity requirements. Heckman also referenced a $10 million deposit as the first step toward a strategic investment and partnership tied to a binding agreement to acquire control of a digital media company’s sales, operations, and distribution.