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RYVYL Extends Its Obligation to Repay Convertible Note to April 2026

RYVYL Extends Its Obligation to Repay Convertible Note to April 2026

RYVYL 將其償還可轉換票據的義務延長至 2026 年 4 月
GlobeNewswire ·  05/20 20:00

SAN DIEGO, CA, May 20, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, entered into an Agreement with an existing noteholder (the "Noteholder") of its 8% Senior Convertible Note (the "Note"), pursuant to which the Noteholder agreed to further forbear RYVYL's repayment obligation under the Note to April 5, 2026.

加利福尼亞州聖地亞哥,2024年5月20日(GLOBE NEWSWIRE)——利用專有區塊鏈賬本和電子支付技術爲不同國際市場提供支付交易解決方案的領先創新者RYVYL Inc.(納斯達克股票代碼:RVYL)(“RYVYL” 或 “公司”)與其8%優先可轉換票據(“票據”)的現有票據持有人(“票據持有人”)簽訂了一項協議,根據該協議票據持有人同意將票據下RYVYL的還款義務進一步延長至2026年4月5日。

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.

根據協議條款,作爲票據持有人同意將公司在票據下的還款義務再延長一年的對價,公司現在將以現金支付8萬美元,作爲根據票據於2024年10月1日到期應付的下一筆利息的預付款。該票據的其他條款保持不變,該票據目前共有1,910萬美元的未償還本金,RYVYL打算在2026年4月5日當天或之前全額償還這筆本金。

"Extending our debt repayment obligation demonstrates the continued confidence and support of our Noteholder and strengthens our financial flexibility as we continue driving growth in multiple verticals across diverse international markets. Prepaying a portion of the scheduled interest payment underscores our commitment to maintaining strong relationships with our financial partners and our focus on investing in the Company's long-term success," said RYVYL Chairman Ben Errez.

“延長債務償還義務表明了我們的票據持有人的持續信心和支持,並增強了我們的財務靈活性,因爲我們繼續推動不同國際市場的多個垂直領域的增長。預付部分預付利息凸顯了我們對與金融合作夥伴保持牢固關係的承諾,以及我們對投資公司長期成功的關注。” RYVYL董事長本·埃雷斯說。

Additional information can be found in the Company's Current Report on Form 8-K filed today with the Securities and Exchange Commission, and available on RYVYL's Investor Relations website

更多信息可以在公司今天向美國證券交易委員會提交的8-K表最新報告中找到,也可以在RYVYL的投資者關係網站上查閱

About RYVYL

關於 RYVYL

RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe.

RYVYL Inc.(納斯達克股票代碼:RVYL)的誕生源於一種在全球範圍內開展企業對企業、消費者對企業和點對點支付交易的新方式的熱情。通過爲不同的國際市場利用專有的區塊鏈賬本和電子代幣技術,RYVYL是支付交易解決方案的領先創新者,重塑了金融交易的未來。自2017年在聖地亞哥以GreenBox POS的名義成立以來,RYVYL開發了支持端到端一站式金融產品套件的應用程序,該套件具有增強的安全性和數據隱私、世界一流的身份盜用保護以及快速的結算速度。因此,該平台可以以互聯網的速度爲全球的一線合作伙伴、商家和消費者記錄大量不可變的交易記錄。

Cautionary Note Regarding Forward-Looking Statements

關於前瞻性陳述的警示說明

This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company's current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the timing of the filing of the aforementioned periodic reports and are characterized by future or conditional words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.

本新聞稿包含構成經修訂的1933年《證券法》第27A條和經修訂的1934年《證券交易法》第21E條所指的前瞻性陳述的信息。這些前瞻性陳述基於公司當前對未來事件的信念、假設和預期,而這些信念、假設和預期又基於公司目前獲得的信息。此類前瞻性陳述包括有關提交上述定期報告時間的陳述,並以未來或有條件的詞語爲特徵,例如 “可能”、“將”、“期望”、“打算”、“預期”、“相信”、“估計” 和 “繼續” 或類似詞語。您應仔細閱讀包含這些詞語的陳述,因爲它們討論了未來的預期和計劃,其中包含對未來經營業績或財務狀況的預測或陳述其他前瞻性信息。

By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, including the risk that the completion and filing of the aforementioned periodic reports will take longer than expected and that additional information may become known prior to the expected filing of the aforementioned periodic reports with the SEC. Other risk factors affecting the Company are discussed in detail in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

就其性質而言,前瞻性陳述涉及受風險和不確定性影響的事項。各種因素可能導致實際事件和結果與前瞻性陳述中所表達或設想的事件和結果存在重大差異,包括上述定期報告的完成和提交時間將超過預期,以及在預計向美國證券交易委員會提交上述定期報告之前,其他信息可能會被公佈。公司向美國證券交易委員會提交的文件中詳細討論了影響公司的其他風險因素。除非適用法律要求,否則公司沒有義務公開更新或修改任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。

IR Contact: David Barnard, LHA Investor Relations, 415-433-3777, RYVYL@lhai.com

投資者關係聯繫人:LHA 投資者關係部大衛·巴納德,415-433-3777,RYVYL@lhai.com


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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