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RYVYL to Merge with RTB Digital in $30M Bitcoin-Backed Deal

RTB Digital will contribute over $30 million in Bitcoin, with the merged firm operating as RTB Digital, Inc (Roundtable).

BTC

Summary

Nasdaq-listed RYVYL has entered a merger agreement with Web3 digital media SaaS firm RTB Digital (Roundtable). RTB Digital will contribute more than $30 million in Bitcoin to strengthen the balance sheet of the combined company. After completion, RYVYL shareholders will own 15.15% while RTB Digital shareholders will hold 84.85%. The merged entity will be named RTB Digital, Inc (Roundtable).

Terms & Concepts
  • Web3: A decentralized internet ecosystem powered by blockchain technology, enabling peer-to-peer applications and services without traditional intermediaries.
  • SaaS (Software as a Service): A software delivery model where applications are hosted remotely and accessed via the internet, often through subscription-based services.
  • Balance Sheet: A financial statement that summarizes a company’s assets, liabilities, and equity at a specific point in time.