Rivalry Corp Completes Initial Private Placement Tranche
Rivalry Corp. (the "Company" or "Rivalry") (TSXV:RVLY) (OTCQX:RVLCF), a leader in sportsbook and iGaming, has successfully completed the first tranche of its non-brokered private placement. This placement was previously announced, and it represents a crucial step in its ongoing corporate strategy.
Details of the Private Placement
The initial tranche consists of 27,600,000 units offered at a price of C$0.05 per unit, leading to gross proceeds amounting to C$1,380,000. Each unit includes one subordinate voting share and one share purchase warrant, the latter being exercisable at C$0.10 for a period of 24 months. The issuance is subject to a four-month statutory hold period, following the applicable securities legislation.
Use of Funds
The funds raised through this private placement are aimed at corporate development and general working capital purposes, fortifying Rivalry's position in the competitive online gaming market.
Future Plans and Debt Restructuring
Looking ahead, Rivalry anticipates further closings that may yield up to an additional 82,800,000 units. This includes a strategic subscription agreement with a family office and an ongoing debt restructuring aligned with a settlement agreement established with the Company’s senior lender. All developments are expected to be finalized by October 24, 2025.
About Rivalry Corp
Rivalry Corp. wholly owns Rivalry Limited, which positions itself at the forefront of the sports betting and media landscape for a digitally-native audience. The company specializes in offering fully regulated online wagering on esports, conventional sports, and casino gambling. Rivalry operates operations in over 20 countries and has been licensed in the Isle of Man since 2018, known for its robust regulatory framework.
Innovative Approach and Market Position
Rivalry leverages bold creative execution and unique brand positioning to resonate with a younger audience familiar with digital spaces. The Company has introduced a native cryptocurrency token and has built a reputation as a market leader among those who engage primarily online.
Company Contacts
For inquiries, the CEO may be contacted at: Steven Salz
Email: ss@rivalry.com
For investor relations, please reach out at: investors@rivalry.com
Frequently Asked Questions
What is the purpose of this private placement by Rivalry?
The private placement aims to provide corporate development funding and support general working capital needs.
What are the expected proceeds from the placement?
Rivalry has raised C$1,380,000 from the initial tranche of 27,600,000 units offered.
How does Rivalry stand out in the iGaming market?
Rivalry distinguishes itself through its focus on both esports and traditional sports betting, along with innovative marketing strategies appealing to a digital-first audience.
What are the plans for additional units?
The Company plans to close additional units potentially amounting to 82,800,000 in total, including a partnership agreement with a strategic family office.
Who can I contact for more information about Rivalry?
For general inquiries, contact Steven Salz at ss@rivalry.com. For investor-related questions, use investors@rivalry.com.
