Rivalry Corp. Provides Management Cease Trade Order Update
Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK) is here to share noteworthy updates regarding its current management cease trade order. Recently, the Ontario Securities Commission (OSC) granted this order, effective from May 1, 2025. This step follows Rivalry's announcement that there will be a delay in filing its annual financial documents.
Details of the Management Cease Trade Order
On May 2, 2025, the Company communicated a necessary delay in submitting its annual financial statements and related certifications. These Annual Filings pertain to the fiscal year ending December 31, 2024, and the organization aims to have all necessary documentation submitted by June 30, 2025. The MCTO will remain in force until Rivalry fulfills its filing obligations and the OSC subsequently lifts the trade order.
Current Status and Compliance
In its latest update, the Company highlights that there have been no significant changes to the information shared during the Default Announcement. Rivalry is committed to adhering to the alternative information guidelines outlined in NP 12-203, ensuring ongoing transparency with its stakeholders.
Looking Ahead
With the expectations to finalize its Annual Filings by the end of June, Rivalry assures stakeholders that it will rigorously monitor its compliance status. Until it is up to date with all necessary filings, the MCTO will remain effective, emphasizing Rivalry's commitment to maintaining regulatory standards.
About Rivalry Corp.
Rivalry is a leading sports betting and media company that fully embraces the digital age. With a focus on esports, traditional sports, and casino games, Rivalry offers fully regulated online wagering services tailored for a new generation of bettors. Established in Toronto, Rivalry has grown a global presence and operates with a robust team dedicated to innovation.
Licenses and Regulatory Framework
The Company has secured an Isle of Man license, a jurisdiction recognized for its strict regulatory standards, since 2018. It also maintains internet gaming registration in Ontario, while actively seeking additional licenses in various countries. This strategic approach allows Rivalry to expand its footprint in the increasingly competitive space of online gambling.
Inspiring the Future of Online Gambling
Rivalry's unique brand execution and positioning within online culture, plus its integration of a native cryptocurrency token, has established it as a market leader among tech-savvy users. The firm continues to innovate and shape how this generation engages with online betting.
Company Contact Information
For inquiries, Steven Salz, the Co-founder and CEO, can be reached via email at ss@rivalry.com. Investors can direct their questions to investors@rivalry.com.
Frequently Asked Questions
What is the purpose of the Management Cease Trade Order?
The MCTO is intended to ensure compliance with filing obligations until the Company can successfully submit its required documentation.
When does Rivalry expect to submit its Annual Filings?
Rivalry aims to complete the Annual Filings by June 30, 2025.
What does Rivalry do?
Rivalry is a digital-first betting and media company specializing in esports, traditional sports, and online casino wagering.
Where is Rivalry based?
Rivalry is headquartered in Toronto, Canada, with a global operational presence.
How can I contact Rivalry for more information?
You can reach Steven Salz, CEO, at ss@rivalry.com or contact investor relations at investors@rivalry.com.
