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Rivalry Corp. (RVLCF) reports developments tied to its regulated online gaming and sports betting business, its Rivalry Limited subsidiary, and its operational transition. The Toronto-based company has described Rivalry Limited as a sports betting and media company offering online wagering on esports, traditional sports, and casino, with an Isle of Man license and an Ontario internet gaming registration.
Company updates commonly address Ontario market activity, quarterly operating results, cost reductions, private placement financing, debt restructuring, board and management changes, and strategic alternatives for the company's assets and operations. Recent disclosures also cover a failure-to-file cease trade order in Canada related to delayed annual financial statements, MD&A, and officer certifications.
Rivalry (OTC:RVLCF) announced that the Ontario Securities Commission issued a failure-to-file cease trade order (FFCTO) on May 6, 2026 due to missing the company’s 2025 audited consolidated financial statements, MD&A and CEO/CFO certificates.
The FFCTO prohibits trading in the company’s securities in Canada, subject to limited exceptions for non-insider holders using a foreign organized regulated market via a registered Canadian dealer. The FFCTO remains until the Annual Filings are submitted and the OSC revokes the order.
Rivalry Corp (TSXV: RVLY / OTC: RVLCF) announced board and management changes effective April 24, 2026. Four directors—Stephen Rigby, Steven Isenberg, Ryan White, and Kevin Wimer—resigned from the board. Ryan White and Kevin Wimer also resigned as CTO and COO, and Demi Abidogun-Benson resigned as Interim CFO. Rivalry said it will provide further updates as appropriate.
Rivalry Corp. (OTC: RVLCF) announced a material reduction in operating activity effective immediately while it evaluates strategic alternatives for its assets and operations.
The Board approved substantial cost cuts, including a significant workforce reduction, paused player activity on the platform, facilitation of player withdrawals, and ongoing discussions with third parties about potential asset or corporate transactions. No assurance any strategic outcome will be completed.
Rivalry (TSXV:RVLY / OTC:RVLCF) reported accelerating momentum in Ontario after completing an October capital restructuring and refinancing. The Company is tracking toward an all-time record quarter in Ontario across handle, gross revenue, and net revenue, with new highs in active and newly acquired players during Q4 2025.
Key Q4-to-date metrics: active players +60% YoY and tracking +28% vs Q3; deposits +240% YoY with deposit count +117%; wagers +100% YoY. This growth followed roughly six weeks of incremental marketing spend (~$75,000 USD above prior run-rate). The company completed a non-brokered private placement totaling $4.26 million.
Rivalry (OTC:RVLCF) reported Q3 2025 results showing its third consecutive quarter of sequential net revenue growth as the company completes a debt restructure and recapitalization to enter 2026 with a stronger balance sheet. Net revenue reached $1.93M (+19% sequential), operating expenses fell 58% YoY to $3.52M, and net loss improved 67% YoY to $1.96M. Ontario grew to ~40% of net revenue. Post-quarter financing raised $4.26M and settled $12.53M debt via issuance of 250,527,697 units; remaining convertible debentures extended to Nov 2028.
Product, UX, analytics, and loyalty upgrades completed; further casino features and fiat-crypto ramps planned.
Rivalry (OTCQX: RVLCF; TSXV: RVLY) announced it is extending the closing date for the final tranche of its non-brokered private placement by 30 days, with an expected completion on or prior to December 15, 2025. All terms of the private placement remain unchanged. The company intends to use net proceeds for corporate development and general working capital. The securities are not registered under the U.S. Securities Act and may not be offered or sold in the United States unless exempt or registered.
Rivalry (OTCQX: RVLCF) closed the third tranche of a non-brokered private placement on Oct 24, 2025, issuing 29,937,930 Units at C$0.05 for gross proceeds of C$1,496,896.50. Each Unit includes one subordinate voting share and one warrant exercisable at C$0.10 until Oct 8, 2027. The company may complete a final tranche on or before Nov 15, 2025.
Rivalry also completed a debt restructuring under an agreement dated Sep 26, 2025, settling C$12,526,384.88 of indebtedness by issuing 250,527,697 Debt Settlement Units at C$0.05; C$8,480,000 principal remains outstanding under an amended secured debenture convertible at C$0.10, maturing Nov 14, 2028, with no interest due until Dec 31, 2026. The senior lender became a control person and securities are subject to four-month holds.
Rivalry (OTCQX: RVLCF; TSXV: RVLY) closed the second tranche of a non‑brokered private placement on Oct 17, 2025, issuing 27,600,000 Units at C$0.05 per Unit for gross proceeds of C$1,380,000. Each Unit includes one subordinate voting share and one warrant exercisable at C$0.10 into one share until Oct 8, 2027. Securities are subject to a four‑month statutory hold period.
The company said proceeds will be used for corporate development and general working capital and expects to complete additional closings of up to 55,200,000 Units and a previously announced debt restructuring on or prior to Oct 24, 2025.
Rivalry (OTCQX: RVLCF) closed the first tranche of a non‑brokered private placement on October 9, 2025.
The Company issued 27,600,000 Units at C$0.05 per Unit for gross proceeds of C$1,380,000. Each Unit includes one subordinate voting share and one warrant exercisable at C$0.10 for 24 months. Securities carry a four‑month statutory hold period. Proceeds are earmarked for corporate development and working capital.
The Company expects additional closings for up to 82,800,000 Units and a debt restructuring pursuant to a debt settlement agreement on or prior to October 24, 2025.
Rivalry (OTCQX:RVLCF) has announced a comprehensive financial restructuring package and the conclusion of its strategic review process. The company is executing a non-brokered private placement to raise up to C$5.52 million through the issuance of 110.4 million units at C$0.05 per unit.
The company has secured a binding subscription agreement with a strategic family office for C$4.14 million. Additionally, Rivalry has entered into a debt settlement agreement with its senior lender to restructure its outstanding debt, which includes converting C$12.53 million of debt into 250.53 million units and amending the terms of the remaining C$8.48 million secured debenture.
Key amendments include extending the maturity date to November 14, 2028, setting a conversion price of C$0.10 per share, and suspending interest payments until December 31, 2026. The transactions are expected to close around October 8, 2025.