Rivalry Announces OTCQX Listing and DTC Eligibility
Rivalry Corp. announced that its subordinate voting shares will start trading under the symbol RVLCF on the OTCQX Best Market as of January 25, 2022. This key milestone is expected to enhance liquidity and facilitate trading for U.S. investors. The shares are now eligible for electronic clearing and settlement via the DTC, which could broaden the Company’s shareholder base. Rivalry operates in the global sports betting market with a focus on engaging Millennials and Generation Z, supported by a variety of unique products including esports and casino games.
- Shares commence trading on OTCQX under symbol RVLCF, enhancing visibility.
- DTC eligibility expected to improve liquidity and simplify trading for U.S. investors.
- Focus on Millennials and Generation Z may attract a younger investor demographic.
- None.
Shares to Trade under the Symbol RVLCF
TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (FSE: 9VK) (OTCQX: RVLCF), an internationally-regulated sports betting and media company, today announced that its subordinate voting shares (the “Shares”) will commence trading on the OTCQX® Best Market beginning today, under the symbol “RVLCF”.
Rivalry also announced that its Shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”). DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company’s subordinate voting shares in the United States.
“We are pleased to reach this important milestone in our efforts to increase awareness of Rivalry among U.S. investors and broaden our shareholder base,” said Steven Salz, Co-Founder and CEO of Rivalry. “Rivalry competes in a global sports betting and media marketplace with a unique strategy focused on young Millennials and Generation Z, and we believe our story may be of interest to investors internationally. Trading on the OTCQX should enhance the ease at which those investors can own our equity, which is aligned with the global nature of our strategy.”
The OTCQX® Best Market offers established companies the advantages of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Investors benefit from convenient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker-dealers and market data providers. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Investors can find information and trading statistics on Rivalry at www.otcmarkets.com.
About Rivalry
Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media property offering fully regulated online wagering on esports, traditional sports, and casino for the next generation of bettors. Rivalry Limited currently holds an Isle of Man license, considered one of the premier online gambling jurisdictions. Based in Toronto, Rivalry operates a global team in more than 18 countries and growing. Rivalry Limited was granted its Isle of Man license in early 2018, officially launching in August of that year, and the Company is currently in the process of obtaining additional country licenses. The Company also has a variety of originally developed products, including Quest, an on-site engagement experience, and an original casino game called Rushlane, a proprietary casino game that marks the creation of a new category for online gaming: Massively Multiplayer Online Gambling Games (MMOGG).
Investor Contact:
Vincic Advisors
Jeff Codispodi I investors@rivalry.com
Media Contact:
BRANDSTYLE COMMUNICATIONS
Kell Cholko I kell@brandstyle.com
Company Contact:
Steven Salz, Co-Founder & CEO
ss@rivalry.com
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 in respect of increased liquidity and awareness among U.S. investors, and a broadening of the Company’s shareholder base in the United States.
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; operational risks; cybersecurity risks; the impact of the COVID-19 pandemic; 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 prospectus dated September 17, 2021 available on the Company’s SEDAR profile at www.sedar.com.
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.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Source: Rivalry Corp.
FAQ
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