Ryvyl Gears Up for a Radical Pivot via Roundtable Merger

Ryvyl US39366L3078

Ryvyl stands at a turning point as shareholders prepare to vote on March 26 a transaction that would fundamentally transform the company. The plan envisions merging with Roundtable to develop a Web3-oriented media platform, shifting away from Ryvyl’s traditional fintech-services background. While management is driving the strategic pivot, market participants have shown a cautious, measured stance through institutional activity.

Upon completion, RTB Digital, Inc. would control roughly 84.85% of the newly formed entity, with existing Ryvyl shareholders retaining about 15.15%. In conjunction with the combination, the company is slated to rename itself RTB Digital, Inc. and adopt the Nasdaq ticker RTB. The board endorsed the merger unanimously, calling it a critical step to integrate Roundtable’s digital media network and enable scalable operations.

Regulatory disclosures reflect a notable shift in ownership dynamics as the deal moves forward.

• Arena Investors has disclosed a full exit via a mandatory filing, reporting a 0.0% stake as of year-end 2025.

• To avoid Nasdaq delisting, the company completed a 1-for-35 reverse stock split in early January.

• Financial footing: Despite maintaining a public listing, Ryvyl continues to face negative cash flows and persistent net losses.

Market Sentiment and Outlook

Market analysts have been notably quiet. Over the last three months, there have been no new consensus ratings or price targets published on major market data platforms. This lull aligns with Ryvyl’s transition away from its former payments-processor business model.

Investors are watching whether the new Web3 strategy—which encompasses a Bitcoin treasury concept and several media partnerships—can shore up the company’s weaker fundamentals following the merger. The question remains whether the strategic pivot will deliver the operational turnaround investors seek.

The record date for voting at the extraordinary general meeting was February 6. The final decision on the company’s future will be determined on March 26. It remains to be seen whether shareholders clear the path for RTB Digital or if the financial pressures of the current business model will cast a shadow over the transformation.