Roundtable CEO James Heckman and RYVYL Inc. (NASDAQ:RVYL) announced today that RYVYL has received confirmation from Nasdaq that it now meets the required shareholder equity threshold, removing the company from delisting risk and clearing a key hurdle ahead of its planned merger with Roundtable.
The compliance milestone follows a direct capital injection from Roundtable into RYVYL, which bolstered the company’s balance sheet and preserved its NASDAQ listing.
In addition, RYVYL’s management confirmed plans to seek shareholder approval for a 15:1 reverse stock split at its 2025 Annual Meeting of Stockholders on October 30, 2025. Once approved, the move is expected to help the company meet NASDAQ’s minimum share price requirements well before the December 9 compliance deadline. The company also noted that there are “no other legacy NASDAQ listing issues remaining,” though ongoing compliance will still be required.
A liquidity pool–powered Web3 media platform
Heckman underscored that Roundtable’s model stands apart from typical “crypto-treasury” or SPAC structures, emphasizing that it operates a fully funded enterprise SaaS platform with no investor capital locked in escrow. The company’s Web3 media platform is already in use by major media partners, including Yahoo, TheStreet, and nearly 200 top sports journalists — among them the majority of Sports Illustrated’s highest-performing team channels — as well as the world’s top hockey network, all of which recently migrated to Roundtable.
“It’s important shareholders understand that our Bitcoin-powered liquidity pool is a competitive advantage for our Web3 SaaS platform business,” said Heckman. “Our revolutionary DeFi media-liquidity pool powers a decentralized payment system that ensures total financial control and sovereignty for our partners and journalists. Roundtable leverages the most advanced and efficient elements of blockchain technology, including decentralized reporting, security, encrypted IP and audience data storage, Web3-based content management and storage, and automated syndication. Roundtable’s ‘DeWeb’ platform is the most efficient, secure, and profit-creating platform in the industry, architected by the top product pioneers in media and blockchain.”
Reclaiming control over IP and revenue
Eyal Hertzog, Roundtable co-founder and architect of its “DeWeb” platform, added: “We are excited to bring our large-scale vision to the public marketplace. Media companies everywhere have lost control of their IP and have forfeited economics and distribution — now more than ever as a result of AI co-opting their content — and face opaque revenue and traffic reporting. ‘Followers’ are a myth, payments are delayed for months, and audience data is taken and auctioned off to competitors. We created our platform to help major media brands and professional content creators reclaim ownership, control, and value over their content investments.”
Founders with deep media and blockchain expertise
Heckman, a veteran media entrepreneur, is joined by Hertzog, a blockchain pioneer and inventor of key DeFi protocols, including automated market-making and liquidity pool mechanisms. They are supported by co-founder Bill Sornsin, a former senior product leader at Microsoft. Together, they are building what they describe as the first large-scale, blockchain-based SaaS media platform for professional publishers.
Heckman’s track record includes founding and scaling multiple digital media ventures such as Rivals.com, Scout.com, and Arena, as well as leading media strategy at Yahoo! and Fox Interactive Media.
Strategic leadership and board
Roundtable’s leadership team includes incoming Chair Walton Comer, co-founder of XBTO and Lucid Holdings, as well as investors such as Aly Madhavji (Blockchain Founders Fund), David Bailey (Nakamoto), Mike Alexander (Bullish), W. Graeme Roustan (The Hockey News), and Brock Pierce (Tether co-founder).
Merger structure
A definitive merger agreement has been signed and is pending shareholder approval and regulatory review. Upon completion:
- James Heckman will become CEO
- Walton Comer will become Chairman of the Board
- George Oliva will remain EVP/Finance and Chief Accounting Officer
- The company will be renamed RTB Digital, Inc., operating as Roundtable
- Six new directors will be appointed by RTB, with independent director Brett Moyer retained; all other RYVYL directors will step down.
About Roundtable (RTB Digital, Inc.)
Roundtable is a Web3-powered SaaS media platform that provides distribution, publishing, community engagement, and monetization tools for professional publishers and journalists, supported by a built-in Bitcoin liquidity pool.
About RYVYL Inc.
RYVYL Inc. (NASDAQ:RVYL) operates a global digital payment processing business. Its technology enables secure and efficient payment solutions for underserved markets worldwide, with a comprehensive suite of financial products designed for speed, security, and privacy.
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