RYVYL Gets Nasdaq Extension to Fix Equity Shortfall, Has Until October to Regain Compliance

RYVYL Inc. (NASDAQ:RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging electronic payment technology, announced today that it has received an extension from The Nasdaq Stock Market LLC to regain compliance with Nasdaq Listing Rule 5550(b), which requires minimum stockholders' equity of $2.5 million, $35 million market value of listed securities, or $500,000 net income from operations, for continued listing on the Nasdaq Capital Market.

On April 8, 2025, RYVYL received a notification from Nasdaq indicating that, based on the company's reported stockholders' equity of negative $1.5 million as of December 31, 2024, it was no longer in compliance with the minimum stockholders' equity requirement. Following this, RYVYL submitted a compliance plan to Nasdaq outlining its strategy to address the deficiency. 

Nasdaq has accepted this plan and granted the company an extension until October 6, 2025, to demonstrate compliance with the listing requirement.