Rivalry Announces Evaluation of Strategic Alternatives for Long-Term Growth
Rivalry Corp (TSXV: RVLY) (OTCQX: RVLCF), a leading sportsbook and iGaming operator, has announced its Board of Directors is initiating a strategic alternatives review to maximize long-term stakeholder value. The company has engaged XST Capital Group as advisor to evaluate various growth options.
As part of this development, Rivalry has secured a US$650,000 senior unsecured loan from its existing senior lender, with a 10% annual interest rate and maturity date of September 30, 2025. The loan aims to provide additional flexibility for pursuing strategic initiatives.
Rivalry Corp (TSXV: RVLY) (OTCQX: RVLCF), un operatore leader nel settore delle scommesse sportive e del gioco online, ha annunciato che il suo Consiglio di Amministrazione sta avviando una revisione delle alternative strategiche per massimizzare il valore a lungo termine per gli azionisti. L'azienda ha coinvolto XST Capital Group come consulente per valutare varie opzioni di crescita.
Come parte di questo sviluppo, Rivalry ha ottenuto un prestito non garantito senior di 650.000 dollari USA dal suo attuale prestatore senior, con un tasso d'interesse annuale del 10% e una data di scadenza del 30 settembre 2025. Il prestito mira a fornire ulteriore flessibilità per perseguire iniziative strategiche.
Rivalry Corp (TSXV: RVLY) (OTCQX: RVLCF), un operador líder en apuestas deportivas y juegos en línea, ha anunciado que su Junta Directiva está iniciando una revisión de alternativas estratégicas para maximizar el valor a largo plazo para los accionistas. La empresa ha contratado a XST Capital Group como asesor para evaluar diversas opciones de crecimiento.
Como parte de este desarrollo, Rivalry ha asegurado un préstamo senior no garantizado de 650,000 dólares estadounidenses de su prestamista senior existente, con una tasa de interés anual del 10% y una fecha de vencimiento del 30 de septiembre de 2025. El préstamo tiene como objetivo proporcionar flexibilidad adicional para seguir iniciativas estratégicas.
라이벌리 코퍼레이션 (TSXV: RVLY) (OTCQX: RVLCF), 스포츠 베팅 및 iGaming 분야의 선도적인 운영업체는 이사회가 장기적인 이해관계자 가치를 극대화하기 위한 전략적 대안 검토를 시작한다고 발표했습니다. 회사는 다양한 성장 옵션을 평가하기 위해 XST 캐피탈 그룹을 자문사로 선정했습니다.
이번 개발의 일환으로 라이벌리는 기존의 선순위 대출자로부터 65만 달러의 비담보 선순위 대출을 확보했으며, 연 이자율은 10%이고 만기일은 2025년 9월 30일입니다. 이 대출은 전략적 이니셔티브를 추구하기 위한 추가적인 유연성을 제공하는 것을 목표로 합니다.
Rivalry Corp (TSXV: RVLY) (OTCQX: RVLCF), un opérateur de premier plan dans le domaine des paris sportifs et du iGaming, a annoncé que son Conseil d'Administration lançait un examen des alternatives stratégiques afin de maximiser la valeur à long terme pour les parties prenantes. L'entreprise a engagé XST Capital Group en tant que conseiller pour évaluer diverses options de croissance.
Dans le cadre de ce développement, Rivalry a sécurisé un prêt senior non garanti de 650 000 USD auprès de son prêteur senior existant, avec un taux d'intérêt annuel de 10% et une date d'échéance du 30 septembre 2025. Le prêt vise à fournir une flexibilité supplémentaire pour poursuivre des initiatives stratégiques.
Rivalry Corp (TSXV: RVLY) (OTCQX: RVLCF), ein führender Anbieter von Sportwetten und iGaming, hat angekündigt, dass der Vorstand eine Überprüfung strategischer Alternativen einleitet, um den langfristigen Wert für die Stakeholder zu maximieren. Das Unternehmen hat XST Capital Group als Berater engagiert, um verschiedene Wachstumsoptionen zu bewerten.
Im Rahmen dieser Entwicklung hat Rivalry ein unbesichertes Senior-Darlehen in Höhe von 650.000 US-Dollar von seinem bestehenden Senior-Kreditgeber gesichert, mit einem jährlichen Zinssatz von 10% und einem Fälligkeitsdatum vom 30. September 2025. Das Darlehen soll zusätzliche Flexibilität für die Verfolgung strategischer Initiativen bieten.
- Secured US$650,000 additional funding from existing senior lender
- Strategic review could lead to value-enhancing opportunities
- Need for additional debt financing indicates potential cash constraints
- High 10% interest rate on new loan suggests expensive financing terms
TORONTO, April 07, 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 announced that its Board of Directors (the “Board”) has initiated a review of strategic alternatives to maximize long-term stakeholder value.
To support this initiative, the Company has engaged XST Capital Group LLC (the “Advisor”), a leading boutique investment bank focused on the digital gaming sector.
As part of this process, the Board, alongside the Advisor, will evaluate a range of options to ensure the Company is best positioned for continued growth and innovation. The review reflects the Board’s commitment to prudent corporate governance and its ongoing efforts to optimize the Company’s market position.
"We have built a strong foundation in the online gaming sector, delivering an exceptional experience for our players while driving operational excellence,” said Steven Salz, Co-Founder and CEO of Rivalry. “This review is a natural step in assessing how we can best create long-term value for our stakeholders while continuing to enhance our world-class gaming platform.”
The Company also announces that it has secured a US
About Rivalry
Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Company Contact:
Steven Salz, Co-founder & CEO
ss@rivalry.com
Investor Contact:
investors@rivalry.com
Media Contact:
Cody Luongo, Head of Communications
cody@rivalry.com
203-947-1936
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company’s strategic review process and any potential transactions that may arise in connection therewith.
Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.
No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
Source: Rivalry Corp.
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