RYVYL (RVYL) Initiates coyni Spin-Off and Value Creation Strategy
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RYVYL Initiates coyni Spin-Off and Value Creation Strategy
April 12, 2023 8:00 AM EDTSAN DIEGO, CA, April 12, 2023 (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 it has initiated a spin-off plan for our wholly-owned subsidiary coyni inc., the Companys stablecoin technology, that will assist in the broad value creation strategy by means of a special dividend to be paid following the anticipated completion of the spin-off.
As previously discussed in a July 2021... More
