If you purchased the publicly traded common stock of Ryvyl Inc. and/or Greenbox POS (collectively, “Ryvyl Common Stock”) between May 13, 2021 and January 20, 2023, both dates inclusive, and were damaged thereby, you may be eligible to participate in a proposed class action settlement.

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Summary: This website relates to a proposed Settlement of claims in a pending securities class action brought by investors alleging, among other things, that defendants Ryvyl Inc. f/n/a Greenbox POS (“Ryvyl” or the “Company”), Ben Errez, Fredi Nisan and Benjamin Chung (collectively, “Individual Defendants”; and together with Ryvyl, “Defendants”) violated the federal securities laws by making false and misleading statements regarding Ryvyl’s internal controls and financial results. The case is pending in the United States District Court for the Southern District of California (the “Court”), and is captioned Cullen v. Ryvyl Inc. et al., Case No. 3:23-cv-0185-GPC-SBCA (the “Action”). A more detailed description of the Action is set forth in FAQ 2. The proposed Settlement, if approved by the Court, will settle claims of the Settlement Class, as defined in FAQ 3.

Notice of Pendency of Class Action: The Court has preliminarily certified the Settlement Class. If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded. Subject to certain exclusions, the Settlement Class consists of all persons and entities that purchased the publicly traded common stock of Ryvyl Inc. (NASDAQ: RVYL) and/or Greenbox POS (NASDAQ: GBOX) (collectively, “Ryvyl common stock”), between May 13, 2021, and January 20, 2023, both dates inclusive (the “Settlement Class Period”), and were damaged thereby. Throughout the Settlement Class Period, Ryvyl common stock was listed on the Nasdaq Capital Market exchange. On October 24, 2022, the Company changed its name from Greenbox POS to Ryvyl Inc. and the ticker symbol for its stock changed from “GBOX” to “RVYL.”

Notice of Settlement: The Court-appointed lead plaintiff Scot S. Cook (“Lead Plaintiff”), on behalf of himself and the Settlement Class (as defined in FAQ 3), have reached a proposed settlement of the Action for, among other things, $300,000.00 in cash and 700,000.00 freely tradable shares of Ryvyl common stock (the “Settlement Shares”) that, if approved, will resolve all claims in the Action (the “Settlement”). Ryvyl will also provide the Settlement Class with a put option (“Put Option”), that may be exercised by Lead Counsel in its sole discretion, pursuant to which the Settlement Class can sell the Settlement Shares back to Ryvyl at $1.00 per share if the 10-day average closing price falls below $1.00 (as determined by Bloomberg) before Lead Counsel sells the Settlement Shares. It is Lead Counsel’s intention to sell the Settlement Shares, either on the open market, or through the Put Option, and distribute the Net Settlement Fund to the Settlement Class. The Settlement Shares will not be distributed to Settlement Class Members. To participate in the Settlement, you must complete a Claim Form and provide supporting documentation to the Claims Administrator postmarked or submitted no later than December 27, 2025. A copy of the Claim Form is available here, and you can submit a Claim Form and supporting documentation online here, by email addressed to info@RyvylSecuritiesSettlement.com, or by mail addressed to: Ryvyl Securities Settlement, c/o Claims Administrator, P.O. Box 25419, Santa Ana, CA 92799.

If you have any questions about the Notice, the proposed Settlement, or your eligibility to participate in the Settlement, please DO NOT contact any Defendants in the Action, or their counsel. All questions should be directed to Lead Counsel or the Claims Administrator (see FAQ 13).