Ryvyl Shares Skyrocket on $75M Merger with Web3 Firm Roundtable
The deal will see the combined entity add over $30 million in Bitcoin to its balance sheet, sending Ryvyl's stock up nearly 100% in pre-market trading.
Shares of Ryvyl Inc. (NASDAQ: RVYL) nearly doubled in pre-market trading after the company announced a definitive merger agreement with Web3 digital media firm RTB Digital, also known as Roundtable. The deal values the combined entity at approximately $75 million and sent Ryvyl’s stock soaring by 97%.
The merger will create a new entity that will operate as Roundtable, combining Ryvyl's resources with Roundtable's Web3 digital media SaaS technology. As part of the agreement, , a move that has captured significant investor attention.
Under the terms of the deal, Ryvyl stockholders will own 15.15% of the combined company, with RTB stockholders holding the remaining 84.85%. The new company will be led by James Heckman, the founder and CEO of Roundtable. Ryvyl's current CEO will be retiring, with CFO George Oliva serving as interim CEO during the transition.
Roundtable has developed a Web3 digital media platform that serves a number of high-profile clients, including Yahoo and TheStreet. , which will be used to fuel the growth of the combined entity.
The market's reaction to the news was immediate and overwhelmingly positive. on the announcement. The transaction is expected to close by the end of 2025, subject to customary closing conditions and stockholder approval.