RYVYL Amends MOU to Adjust Timing of First Tranche Payment to Investor to Retire 8% Senior Convertible Note and Series B Convertible Preferred Stock
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RYVYL Inc. has amended its Memorandum of Understanding to extend the first tranche payment for retiring its 8% Senior Convertible Note and Series B Convertible Preferred Stock to November 29, 2024.
November 20, 2024 | 12:15 pm
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RYVYL Inc. has amended its MOU to extend the first tranche payment for retiring its 8% Senior Convertible Note and Series B Convertible Preferred Stock to November 29, 2024.
The extension of the payment deadline indicates a potential delay in financial restructuring, which could be neutral for the stock price in the short term. Investors may view this as a routine adjustment rather than a significant financial issue.
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