SAN DIEGO – RYVYL Inc. (NASDAQ: RVYL), a company specializing in blockchain-based payment solutions, has launched a public offering of its common stock. The shares are exclusively offered by RYVYL, with the potential for a 45-day option for underwriters to purchase an additional 15% at the public offering price, subtracting underwriting discounts and commissions.
The completion and terms of the offering are contingent on market conditions, and there is no certainty regarding the finalization or specifics of the offering. Joseph Gunnar & Co., LLC is the sole book-runner managing the process.
Proceeds from this offering are earmarked for working capital and general corporate purposes. RYVYL's effective shelf registration statement, initially filed on July 9, 2021, with the U.S. Securities and Exchange Commission (SEC), supports this offering.
Investors can access the preliminary prospectus supplement and accompanying prospectus from the SEC's website or directly from Joseph Gunnar & Co., LLC. These documents provide detailed information about RYVYL and the offering's framework. The final terms will be available in a final prospectus supplement filed with the SEC.
This press release does not constitute a sales offer or a solicitation to purchase securities in any jurisdiction where such actions would violate securities laws.
RYVYL is known for its revolutionary global payment platform, utilizing blockchain technology to enhance security and transparency in financial transactions. The company aims to provide a user-friendly interface while adhering to strict compliance standards.
The information in this article is based on a press release statement.
InvestingPro Insights
As RYVYL Inc. embarks on its latest public stock offering, potential investors should be aware of several key financial metrics and expert insights from InvestingPro. The company, which trades under the ticker RVYL, has a market capitalization of just over $12 million, reflecting the size and scale of the business in the competitive blockchain-based payment solutions sector.
InvestingPro data highlights a significant revenue growth rate for RYVYL, with a reported increase of 100.15% in the last twelve months as of Q4 2023. This suggests that the company's sales are expanding rapidly, which could be an attractive point for investors looking for growth potential in emerging technologies like blockchain.
Despite this impressive revenue growth, the company's profitability remains a concern as indicated by an adjusted P/E ratio of -0.52, signaling that it has not been profitable over the last year.
Investors should take note of the company's stock price volatility, as emphasized by two separate InvestingPro Tips. This characteristic may appeal to those who are comfortable with high-risk, high-reward investments, but it could also signal caution for those seeking more stable returns. Furthermore, analysts do not expect RVYL to be profitable this year, which could influence investment strategies.
For those interested in exploring more about RYVYL's financial health and stock performance, additional InvestingPro Tips can provide deeper insights. There are 9 tips available on InvestingPro for RVYL, which can be accessed at https://www.investing.com/pro/RVYL. For readers looking to take advantage of this tool, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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