Roundtable details post-merger structure with 85% share lockup

Roundtable CEO James Heckman outlined the company's capitalization structure following shareholder approval of its merger with RYVYL Inc. (NASDAQ: RVYL) on April 1. Shareholders approved the merger with approximately 99% of votes cast.

The combined entity expects approximately 13.5 million total shares outstanding, with about 2 million shares available for public trading. The remaining 11.5 million shares, representing approximately 85% of total outstanding shares, are subject to a one-year lockup provision involving founders, executives and strategic investors.

Prior to the merger, RYVYL effected a reverse stock split to meet NASDAQ listing requirements. Roundtable invested $6 million into RYVYL to ensure shareholder equity compliance.

The company received $35 million in new capital to support the merger and customer adoption efforts. This follows more than $10 million in research and development investment in Roundtable's Web3 media platform, funded by Binance and founding investors.

The most recent investment totaled $2 million from UTXO, an investment firm led by board member David Bailey, at a $150 million valuation or approximately $11.15 per share.

Roundtable has executed a binding agreement to acquire a controlling interest in a digital media company as part of a strategic partnership. A $10 million deposit represents the initial step in securing this partnership.

The lockup structure restricts supply for the first year, with restricted shareholders released over an additional 12 months thereafter. Heckman stated the structure balances NASDAQ liquidity requirements with restricted share supply and long-term value creation.

RYVYL operates a digital payment processing business providing payment solutions for underserved markets globally.

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