News
October 10, 2025
Rivalry Closes First Tranche of Private Placement
TORONTO, Oct. 09, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announces that has closed an initial tranche of its non-brokered private placement (the “Private Placement”) previously announced on September 29, 2025. The Company issued 27,600,000 units (“Units”) [...]
TORONTO, Oct. 09, 2025 – Rivalry Corp., a prominent player in the online sports betting and iGaming industry catering to the digitally savvy generation, announced today the successful closing of the first phase of its previously announced private placement. The company, traded on the TSXV under the symbol RVLY, on the OTCQX as RVLCF, and on the FSE as 9VK, confirmed the issuance of 27,600,000 units as part of this initial tranche.
This private placement, initially revealed on September 29, 2025, is a non-brokered offering, meaning Rivalry is directly managing the sale of these units to investors without the involvement of traditional brokerage firms. This approach often allows companies to maintain greater control over the process and potentially reduce costs associated with commissions.
While the specific details of what constitutes a “unit” in this placement haven't been disclosed in this announcement, typically a unit in a private placement comprises a combination of common shares and warrants, offering investors the opportunity to acquire shares now and potentially increase their stake in the future at a predetermined price.
Rivalry's move to secure additional capital through this private placement underscores its continued growth and ambition within the rapidly expanding online gambling market. The company has carved a niche for itself by focusing on a younger, digitally native audience, offering a unique betting experience tailored to their preferences. This includes incorporating esports betting alongside traditional sports wagering, a strategy that has proven increasingly popular.
The funds raised through this initial tranche are likely intended to fuel further expansion, potentially including investments in technology, marketing initiatives to attract new users, and exploring opportunities in new or existing regulated markets. The competitive landscape in the online gambling sector is fierce, and companies like Rivalry need to constantly innovate and invest to maintain their market position and attract new customers.
The closing of this first tranche represents a significant step for Rivalry, providing them with additional resources to execute their strategic vision. Further announcements regarding the complete closing of the private placement and the intended use of funds are expected in the coming weeks. Investors and industry observers will be closely watching to see how Rivalry leverages this new capital to continue its growth trajectory and solidify its standing as a leader in the digital-first betting space.
This private placement, initially revealed on September 29, 2025, is a non-brokered offering, meaning Rivalry is directly managing the sale of these units to investors without the involvement of traditional brokerage firms. This approach often allows companies to maintain greater control over the process and potentially reduce costs associated with commissions.
While the specific details of what constitutes a “unit” in this placement haven't been disclosed in this announcement, typically a unit in a private placement comprises a combination of common shares and warrants, offering investors the opportunity to acquire shares now and potentially increase their stake in the future at a predetermined price.
Rivalry's move to secure additional capital through this private placement underscores its continued growth and ambition within the rapidly expanding online gambling market. The company has carved a niche for itself by focusing on a younger, digitally native audience, offering a unique betting experience tailored to their preferences. This includes incorporating esports betting alongside traditional sports wagering, a strategy that has proven increasingly popular.
The funds raised through this initial tranche are likely intended to fuel further expansion, potentially including investments in technology, marketing initiatives to attract new users, and exploring opportunities in new or existing regulated markets. The competitive landscape in the online gambling sector is fierce, and companies like Rivalry need to constantly innovate and invest to maintain their market position and attract new customers.
The closing of this first tranche represents a significant step for Rivalry, providing them with additional resources to execute their strategic vision. Further announcements regarding the complete closing of the private placement and the intended use of funds are expected in the coming weeks. Investors and industry observers will be closely watching to see how Rivalry leverages this new capital to continue its growth trajectory and solidify its standing as a leader in the digital-first betting space.
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