Rivalry Completes Successful Non-Brokered Private Placement Fundraising
Rivalry Corp. Completes Non-Brokered Private Placement
Rivalry Corp. (the "Company" or "Rivalry") recently announced an exciting milestone for the company. As a leader in the sportsbook and iGaming industry geared towards digital-first users, Rivalry (TSXV: RVLY, OTCQX: RVLCF, FSE: 9VK) has finalized a non-brokered private placement of its units. This initiative follows earlier press releases about the development and conclusion of the placement process.
Through this offering, Rivalry issued 22,146,851 units at a price of $0.15 per unit, resulting in total gross proceeds of around $3.32 million. The funds raised will be utilized for corporate development and general working capital purposes, positioning Rivalry for future growth and innovation.
Purpose of the Fundraising
The proceeds from the private placement are intended to enhance the company's operational capabilities and support ongoing projects. Rivalry’s focus on corporate development is crucial for sustaining its competitive edge in the rapidly evolving online gambling landscape.
About Rivalry Corp.
Rivalry Corp. stands out as a prominent operator in the online gambling market, with its wholly owned subsidiary, Rivalry Limited, leading the charge in esports and traditional sports betting. Founded to cater to a new generation of digital players, Rivalry has cultivated a global presence, now reaching over 20 countries.
Regulatory Licenses and Operations
With a solid foundation rooted in regulatory compliance, Rivalry operates under the esteemed Isle of Man license, acquired in 2018. This license reflects the company's commitment to providing a safe and regulated platform for its users. Additionally, Rivalry holds an internet gaming registration in Ontario and is in the process of securing licenses in other jurisdictions.
Building the Future of Online Gambling
Rivalry has successfully integrated innovative marketing strategies and branding that resonate with the digital generation. As a pioneer in its field, the company is continuously shaping the future of online gambling by effectively targeting a tech-savvy audience.
The Vision Ahead
With an emphasis on user experience and cutting-edge technology, Rivalry is not just about betting; it is about creating an engaging platform that fosters community and excitement among players. The company has also ventured into the world of cryptocurrency, introducing a native crypto token to enhance user engagement further.
Contact Information
For any inquiries regarding Rivalry Corp., individuals can reach out to:
Steven Salz, Co-founder & CEO
ss@rivalry.com
416-565-4713
Investor Contact:
investors@rivalry.com
Media Contact:
Cody Luongo, Head of Communications
cody@rivalry.com
203-947-1936
Frequently Asked Questions
What is the significance of Rivalry's recent private placement?
The completion of the private placement allows Rivalry to secure essential funding for corporate growth and innovation within the competitive online gambling landscape.
How much capital did Rivalry raise through this offering?
Rivalry raised approximately $3.32 million through the issuance of 22,146,851 units at $0.15 each.
What is Rivalry Corp. known for?
Rivalry Corp. is known for its leadership in the online betting industry, particularly focused on esports and traditional sports, catering to a digitally savvy clientele.
What licenses does Rivalry hold to operate?
Rivalry holds licenses in the Isle of Man and has an internet gaming registration in Ontario, which underscores its commitment to regulatory compliance.
Where can I find more information about Rivalry?
Additional information can be found through their official communications and investor relations contacts provided above.
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