RYVYL Receives Extension to Comply with Nasdaq Listing Rule 5550(b)

Core Viewpoint - RYVYL Inc. has received an extension from Nasdaq to regain compliance with its listing requirements after reporting negative stockholders' equity [1][2][3] Group 1: Compliance and Financial Status - RYVYL reported stockholders' equity of negative $1.5 million as of December 31, 2024, which led to non-compliance with Nasdaq's minimum requirement of$2.5 million [2] - Nasdaq accepted RYVYL's compliance plan and granted an extension until October 6, 2025, to demonstrate compliance with the listing requirement [3] Group 2: Company Overview - RYVYL Inc. is an innovator in payment transaction solutions, focusing on electronic payment technology for various international markets [4] - The company, founded in 2017 as GreenBox POS, offers an end-to-end suite of financial products with enhanced security, data privacy, and rapid settlement capabilities [4]