Ryvyl Inc. (NasdaqCM:RVYL) entered into a securities purchase agreement to acquire a 97.7% stake in Logicquest Technology, Inc. (OTCPK:LOGQ) from Ang Woon Han for $0.23 million on April 6, 2023. Ryvyl acquired 98 million shares of restricted common stock of Logicquest Technology representing ownership of 97.7% of Logicquest, 48 shares of Series C Convertible Non-Redeemable Preferred Stock of Logicquest and 10 shares of Series D Convertible Non-Redeemable Preferred Stock of Logicquest.

Ryvyl Inc. (NasdaqCM:RVYL) completed the acquisition of a 97.7% stake in Logicquest Technology, Inc. (OTCPK:LOGQ) from Ang Woon Han on April 17, 2023. Ryvyl intends to transfer the assets of coyni to Logicquest and subsequently spin-off Logicquest.