RYVYL Inc. Announces Launch Of Proposed Underwritten Public Offering; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
RYVYL Inc. (NASDAQ:RVYL), a leader in payment transaction solutions using blockchain and token technology, has initiated an underwritten public offering of its common stock. The company will also offer a 45-day option for the underwriter to purchase an additional 15% of shares. The offering's completion, size, and terms are currently uncertain. Joseph Gunnar & Co., LLC is the sole book-running manager. The proceeds will support RYVYL's operations and growth.
April 15, 2024 | 8:27 pm
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RYVYL Inc. announces a public offering of common stock, potentially expanding its financial resources for growth and operations.
Public offerings often lead to an initial dip in stock price due to dilution concerns, but the long-term view could be positive if the funds are used effectively for growth. Given RYVYL's innovative market position, this move could attract investor interest, potentially leading to a positive impact on the stock price in the short term, especially if the market perceives the offering as a step towards significant growth.
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IMPORTANCE 90
RELEVANCE 100