RYVYL Announces Extension of Form 10-Q Filing
RYVYL Inc. (RVYL) announced the rescheduling of its Q3 conference call to November 21, 2022, at 4:30 PM ET, due to the need for an extension to file its Quarterly Report on Form 10-Q. The delay is attributed to challenges in compiling information regarding the modification and valuation of derivative liabilities, as advised by new auditors Simon and Edward, LLP. The call will cover financial results, corporate updates, and include a Q&A session. The company emphasizes its commitment to enhancing the security and efficiency of financial transactions through blockchain and stablecoin technology.
- Rescheduling allows for comprehensive updates on financial results and business developments.
- Continues focus on blockchain and stablecoin technology, which may appeal to investors.
- Delay in filing the 10-Q could raise concerns about the company's operational efficiency.
- Need for an extension may indicate potential issues with financial management or reporting.
Third Quarter Conference Call Rescheduled to Monday, November 21, 2022 at 4:30pm ET
SAN DIEGO, CA, Nov. 14, 2022 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions, today announced that it has filed for an extension to file its Quarterly Report on Form 10-Q for Q3 pursuant to a Form 12b-25 filed with the SEC. The Company is not able to timely file its 10-Q by November 14, 2022, the original due date for such filing, without unreasonable effort or expense, due to delays in compiling and reviewing certain information related to the modification and valuation of derivative liabilities as suggested by the Company’s new auditors, Simon and Edward, LLP.
The Company’s third quarter conference call has been rescheduled to 4:30pm EST on Monday, November 21, 2022. On the agenda, RYVYL management will review financial results, provide a corporate update, and conclude with an audio Q&A session with members of the c-suite leadership. To participate, please use the following information and submit your questions in writing prior to the call at RVYL@mzgroup.us.
Q3 2022 Conference Call and Webcast
Date: November 21, 2022
Time: 4:30 p.m. Eastern time
US Dial In: 1- 877-407-4018
International Dial In: 1-201-689-8471
Conference ID: 13734502
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1579577&tp_key=9f3837e951
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
To listen to a recording of the call available through February 21, 2023, dial 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 13734502. A webcast will also be available for 90 days on the IR section of the GreenBox POS or RYVYL website or by clicking the webcast link above.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business and peer-to-peer payment transactions around the globe. By leveraging unique blockchain security and USD-pegged stablecoin technology with near real-time attestation, RYVYL is reinventing the future of financial transactions using its coyni® stablecoin platform as a transactional foundation. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants and consumers around the globe. www.greenboxpos.com.
Forward-Looking Statements Disclaimer
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set out in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Investor Relations Contact
Mark Schwalenberg
MZ Group - MZ North America
312-261-6430
RVYL@mzgroup.us
www.mzgroup.us
FAQ
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