Roundtable CEO James Heckman Details NASDAQ Strategy, Long-Term Focus, Capitalization Structure, and Lock-Up

1 hour ago 2

Mehab Qureshi

Mon, April 6, 2026 astatine 11:39 AM CDT 4 min read

Roundtable (“RTB”) CEO James Heckman elaborate the Company’s post-merger capitalization strategy pursuing the April 1 shareholder support of its merger with RYVYL Inc. (NASDAQ: RVYL). The merger was approved by astir 99% of votes formed by shareholders. This connection provides further item for shareholders, pursuing past week’s gathering announcement, including details of the 85% capitalization array fastener up.

Heckman outlined the equity operation designed to equilibrium Nasdaq listing liquidity requirements with a restricted stock proviso and semipermanent worth creation, describing the proviso arsenic “well structured” for some short-term and semipermanent nationalist institution shareholders.

Heckman stated, “our founders, executives and strategical investors are committed to investing the clip and resources indispensable to fulfill our imaginativeness to its fullest potential.”

The combined entity is expected to person astir 13.5 cardinal full shares outstanding. Of those, astir 2 cardinal shares are expected to beryllium disposable for nationalist trading, with the remaining 11.5 cardinal shares, representing astir 85% of the full outstanding shares, taxable to a 1 twelvemonth fastener up provision. Prior to the merger, RYVYL Inc. effected a reverse banal divided to unafraid compliance with Nasdaq listing requirements, portion Roundtable invested $6 cardinal into RYVYL to guarantee shareholder equity compliance.

Equity Holder

Detail

Total Outstanding	13,500,000	Post Merger, RVYL + RTB
Free Trading	~2,000,000	Post Merger, RVYL + RTB (NASDAQ Liquidity)
Locked-up Shares	11,500,000	1 yr, Founders/Execs, Major Investors
% locked-up	85%	Post lock, dilatory merchandise implicit 2nd year, staggered

“The operation of the merger is not materially dilutive to the escaped trading supply; rather, we are restricting supply,” said James Heckman, describing the result arsenic a “best of worlds” operation for shareholders, providing capable standard and liquidity, portion reducing the trigger of filing requirements.

Heckman outlined 3 halfway components of the equity strategy:

Nasdaq Liquidity Compliance. Approximately 2.0 cardinal stock nationalist interval designed to conscionable Nasdaq listing requirements, comprising astir 1.25 cardinal existing RYVYL Inc. shares and astir 750,000 shares issued successful transportation with the Roundtable merger.

Investor Positioning Without Filing Constraints. The capitalization operation is designed to facilitate meaningful ownership accumulation aft adding successful the outstanding shares of RTB.

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