The merger represents a fundamental business transformation, but the lack of disclosed financials for RTB creates uncertainty. Traders should monitor the upcoming 8-K amendment (due within 71 days) for RTB's audited financials to assess the new entity's revenue and earnings profile. The ticker change to RTB may attract new attention, but the high dilution and absence of financial details warrant caution.
Price Chart
Executive Summary
RYVYL Inc. has consummated its merger with RTB Digital, Inc., with RTB surviving as a wholly owned subsidiary. The combined company will change its name to RTB Digital, Inc. and begin trading under the ticker 'RTB' on the Nasdaq Capital Market on May 13, 2026. The merger consideration involves the issuance of 11,893,886 shares of common stock for RTB's outstanding shares, plus the assumption of equity awards and warrants, resulting in 13,174,895 total shares outstanding post-merger.
Key Financial Metrics
Key Facts
- Merger consummated on May 12, 2026, with RTB Digital surviving as a wholly owned subsidiary of RYVYL.
- RYVYL will issue 11,893,886 shares of common stock in exchange for RTB's outstanding common, preferred, and assumed notes.
- Post-merger, there will be 13,174,895 shares of common stock outstanding.
- Company name changes to RTB Digital, Inc., and ticker changes to 'RTB' effective May 13, 2026.
- RYVYL will also issue 109,410 shares under its investment banking agreement with Maxim Partners LLC.
- Audited and unaudited financial statements of RTB will be filed by amendment within 71 days.
Financial Impact
The merger transforms RYVYL into a new entity (RTB Digital) with a new business focus, but no financial terms (revenue, earnings, deal value) are disclosed in the filing. The share count increases to 13,174,895 from the issuance of 11,893,886 shares for RTB, plus 109,410 shares for investment banking fees.
Risk Factors
- No financial statements for RTB are provided yet, creating significant uncertainty about the combined company's revenue, profitability, and growth prospects.
- High dilution: 11,893,886 new shares issued for the merger, plus 109,410 for investment banking fees, increasing the share count substantially from a pre-merger base of approximately 1.28 million shares.
- The merger was consummated despite unfulfilled conditions, indicating potential operational or legal risks.
- The company may face challenges integrating RTB's business and achieving the stated strategic vision.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-001820 |
| Document: 0001185185-26-001820-index.html | 0001185185-26-001820 |
| Document: 0001185185-26-001820.txt | 0001185185-26-001820 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 21, 2026 22w ago | 8-K | $4.12 $12.46 | ▲ +202.43% | ▲ +203.84% | — |
May 13, 2026 23w ago | 8-K | $7.20 $3.95 | ▼ −45.14% | ▼ −44.53% | — |
Apr 29, 2026 25w ago | 8-K | $6.07 $4.36 | ▲ +28.17% | ▲ +33.40% | — |
Mar 30, 2026 30w ago | 425 | $4.47 $5.33 | ▲ +19.24% | ▲ +6.64% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers