Ryvyl Inc. ( RVYL ) shares rose 24.05% in the after-hours session to $6.50 on Thursday.

The stock of the California-based financial technology company closed the regular session at $5.24, up 10.32%, according to Benzinga Pro data.

Nasdaq Compliance Restored

On Tuesday, Ryvyl ( RVYL ) announced that it received written confirmation from Nasdaq stating the company has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2).

The company said its stock maintained a closing bid price of $1 or higher for 10 consecutive business days, from Jan. 2 through Jan. 15.

Merger Registration Filed

Ryvyl ( RVYL ) also filed a Form S-4 registration statement, used by public companies to register securities in business combinations, with the Securities and Exchange Commission for its merger with RTB Digital Inc., a media technology company.

The company stated that all material merger conditions have been satisfied, except for SEC approval of the S-4 filing and customary closing requirements. It also noted that its capital structure remains unchanged.

Trading Metrics, Technical Analysis

Ryvyl's ( RVYL ) Relative Strength Index (RSI) stands at 37.80.

It has a market capitalization of $5.40 million, with its stock trading in a 52-week range of $4.50 to $81.20.

Over the past 12 months, Ryvyl's ( RVYL ) stock has plummeted 89.75%, reflecting a steep downtrend and significant pressure on the shares.

The stock is currently very near to the low, at about 0.97% of its 52-week range.

The steep drop, combined with the stock trading near its 52-week low, indicates considerable pressure, highlighting elevated risk and the importance of clear recovery signals before investor sentiment can strengthen.

Benzinga's Edge Stock Rankings indicate RVYL stock has a negative price trend across all time frames.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.