SCHEDULE: Arena Investors Discloses 8.7% Stake in RYVYL Inc.

Arena Investors, LP and its affiliates have reported a passive beneficial ownership of 8.7% in RYVYL Inc.'s common stock.

Summary

• Arena Investors, LP, along with its general partner Arena Investors GP, LLC, and its private investment vehicle Arena Special Opportunities Partners III, LP (ASOPIII) and its general partner Arena Special Opportunities Partners III GP, LLC, have filed a Schedule 13G.
• The reporting persons collectively beneficially own 1,388,025 shares of RYVYL Inc. Common Stock.
• This ownership represents 8.7% of RYVYL Inc.'s outstanding Common Stock.
• The percentage is based on 15,957,396 shares of Common Stock outstanding as of June 27, 2025, as reported by RYVYL Inc. in its Form S-1/A filed on July 2, 2025.
• The shares are held for investment purposes and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership, indicating a passive investment without expressing positive or negative sentiment about the company's performance or future.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant passive investment by an institutional investor in a publicly traded company. It indicates that Arena Investors sees value in RYVYL Inc. as an investment, without signaling an intent to engage in corporate control or activism.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially signaling confidence in the company from a large investor.

Key Dates

Keywords

RYVYL Inc., Arena Investors, Beneficial Ownership, Schedule 13G, Common Stock, Investment Management, Passive Investment