San Diego, CA, April  16, 2024  (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, today announced the cancellation of the proposed underwritten public offering of shares of its common stock originally announced on April 15, 2024.

The cancellation results from an assessment by Company's management that current market pricing is not conducive for an offering that would be in the best interests of the Company or its stockholders.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.