# EDGAR Filing Document

**Accession Number:** 0001419275
**File Stem:** 0002007631-25-000012
**Filing Date:** 2025-12
**Character Count:** 8424
**Document Hash:** 62f4fb8c665eb67524b061caa83ea641
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002007631-25-000012.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0002007631-25-000012

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYVYL Inc.
- **CENTRAL INDEX KEY:** 0001419275
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91720
- **FILM NUMBER:** 251557015

**BUSINESS ADDRESS:**
- **STREET 1:** 3131 CAMINO DEL RIO NORTH, SUITE 1400
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92108
- **BUSINESS PHONE:** 619-631-8261

**MAIL ADDRESS:**
- **STREET 1:** 3131 CAMINO DEL RIO NORTH, SUITE 1400
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GreenBox POS
- **DATE OF NAME CHANGE:** 20190222

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GreenBox POS, LLC
- **DATE OF NAME CHANGE:** 20180613

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASAP Expo, Inc.
- **DATE OF NAME CHANGE:** 20071123
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RTB DIGITAL INC.
- **CENTRAL INDEX KEY:** 0002007631

**ORGANIZATION NAME:**
- **EIN:** 990497845
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 5465 43RD AVENUE WEST
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98199
- **BUSINESS PHONE:** 206-390-5428

**MAIL ADDRESS:**
- **STREET 1:** 5465 43RD AVENUE WEST
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROUNDTABLE MEDIA, INC. - DE
- **DATE OF NAME CHANGE:** 20240110

### Attached PDF Documents

**Attachment 1:** `poasigneddef.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**RYVYL Inc.**

*(Name of Issuer)*

**Common Stock, $0.001 per value**

*(Title of Class of Securities)*

**39366L307**

*(CUSIP Number)*

**Josh Lawler**<br>2029 Century Park E.<br>Suite 400<br>Los Angeles CA 90067<br>2135965620

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/29/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **39366L307** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**RTB DIGITAL INC.** | Name of reporting person<br>**RTB DIGITAL INC.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**7202092.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**7202092.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7202092.00** | Aggregate amount beneficially owned by each reporting person<br>**7202092.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.6%** | Percent of class represented by amount in Row (11)<br>**16.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** - The value in Row (7) (Sole voting power), Row (9) (Sole dispositive power), and Row 11 (Aggregate amount beneficially owned by each reporting person) represents the number of shares of common stock of Ryvyl Inc. that may be converted under the terms of the Series C Convertible Preferred Stock issued October 7, 2025 to the reporting person that are entitled to be counted for quorum and voted at all meetings of stockholders. It does not include 5,297,908 shares of common stock which are not beneficially owned for purposes of this Schedule 13D due to the beneficial ownership blocker provision of 19.9%.

- The value in Row (13) (Percent of class represented by amount in Row 11) is based on 36,028,478 issued and outstanding shares of Ryvyl Inc. as of October 7, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.001 per value

**(b) Name of Issuer:**
RYVYL Inc.

**(c) Address of Issuer's Principal Executive Offices:**
3131 CAMINO DEL RIO NORTH, SUITE 1400, 3131 CAMINO DEL RIO NORTH, SUITE 1400, SAN DIEGO, CA, 92108

**Item 4. Purpose of Transaction**

RTB Digital acquired 50,000 shares of RYVYL Series C Convertible Preferred Stock as part of a planned reverse merger transaction with RYVYL Inc. pursuant to the Agreement and Plan of Merger dated September 28, 2025 (the "Merger Agreement"). The Series C Preferred Stock currently may be converted into 12,500,000 shares of common stock, subject to the blocker provision of 19.9%, that was established October 29,2025 by mutual agreement between RYVYL INC. and RTB Digital, Inc. pursuant to the terms of the Certificate of Designation for the Series C Preferred Stock.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Aggregate Number: 7,202,092
Percentage: 16.64%

**(b)**
Sole Voting Power: 7,202,092 votes on an as-converted basis

**(c)**
RTB Digital entered into a Securities Purchase Agreement with RYVYL Inc. dated October 6, 2025, and closed the transaction on October 7, 2025. The Reporting Person acquired 50,000 shares of Series C Convertible Preferred Stock of the Issuer pursuant to the Securities Purchase Agreement dated October 6, 2025. The Series C Convertible Preferred Stock currently is convertible into shares of Common Stock at a Conversion Price of $0.40 per share, subject to adjustment for an aggregate of 12,500,000 shares of common stock, subject to the blocker provision.

Pursuant to Section 6(d) of the Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock filed with the Nevada Secretary of State, the Reporting Person was subject to a Beneficial Ownership Limitation that prohibited conversion of the Preferred Stock to the extent such conversion would result in the Reporting Person, together with its affiliates and attribution parties, beneficially owning in excess of 4.99% of the outstanding shares of Common Stock, modified on October 29, 2025, to be increased to 19.9%.

The modification to Section 6(d) of the Certificate of Designations for the Series C Convertible Preferred Stock also provided that the notice period was waived, hence as of October 29, 2025, RTB Digital, Inc. was eligible to vote the Series C Convertible Preferred Stock according to the Section 4 of the Certificate of Designations.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

N/A

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** RTB DIGITAL INC.

**Signature:** Giorgia Giordani

**Name/Title:** Giorgia Giordani, Law Clerk c/o Zuber Lawler LLP - POA Attached

**Date:** 12/08/2025