Coyni (trading as "LOGQ" on the OTC Pink Market) is a shell company with no operations, no employees, and no revenue. The company previously ran a broadband internet service business and, later, a healthcare IT business providing HIPAA-compliant network services to healthcare organizations — both were wound down, with the healthcare IT assets sold in 2009 and the internet connectivity business ceasing in 2014. Since then, Coyni's sole stated purpose is to identify an acquisition target or merger candidate, though no target has been identified. RYVYL acquired a 97.7% stake in Coyni in 2023 for $225,000 and funds Coyni's minimal ongoing costs. If an acquisition does occur, Coyni expects to structure it as a stock deal, which would significantly dilute existing minority shareholders. The company's auditors have issued a going concern qualification.