Ryvyl Inc. Regains Nasdaq Compliance, Shares Surge 24.05%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Benzinga
- Significant Price Surge: Ryvyl Inc. shares rose 24.05% in after-hours trading to $6.50, reflecting strong market response to its compliance restoration, with a 10.32% increase during regular trading hours as well.
- Compliance Confirmation: The company announced on Tuesday that it received written confirmation from Nasdaq, indicating it has regained compliance with the minimum bid price requirement, maintaining a closing bid price of $1 or higher for 10 consecutive trading days, which boosts investor confidence.
- Merger Registration Filed: Ryvyl filed a Form S-4 registration statement with the SEC for its merger with media technology company RTB Digital Inc., stating that all material merger conditions have been satisfied, pending SEC approval, showcasing the company's strategic intent to expand its business.
- Market Performance Analysis: Despite the recent rebound, Ryvyl's stock has plummeted 89.75% over the past 12 months and is currently near its 52-week low, indicating high uncertainty in market perception and the need for clear recovery signals before investor sentiment can improve.
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Analyst Views on RVYL
About RVYL
RYVYL Inc. is a financial technology company that develops software platforms and tools that are focused on providing global payment acceptance and disbursement capabilities. It has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, identity theft protection, and rapid speed to settlement. Its products include QuickCard Payment System, Coyni Platform, and ChargeSavvy. Its QuickCard Payment System is a physical and virtual payment card processing management system, including software that facilitates on and off-ramp e-wallet management. Its coyni is a closed loop, token-based platform, supported by its blockchain technology. Its coyni offers custodial assurance by utilizing blockchain technology in a closed-loop ecosystem allowing for flexibility. ChargeSavvy strives to deliver client-driven solutions. ChargeSavvy offers both a full-service POS system or a companion mode system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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