Rivalry Closes First Tranche of Private Placement

Core Points - Rivalry Corp. has closed an initial tranche of its non-brokered private placement, issuing 27,600,000 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,380,000 [1] - Each unit consists of one subordinate voting share and one share purchase warrant, with the warrants exercisable at C$0.10 for a period of 24 months [1] - The proceeds from the private placement will be used for corporate development and general working capital purposes [1] Additional Closings and Debt Restructuring - The company expects to complete additional closings of up to 82,800,000 units, including a strategic family office subscription agreement [2] - Rivalry is also pursuing a debt restructuring in accordance with a debt settlement agreement with its senior lender, expected to be completed by October 24, 2025 [2] Company Overview - Rivalry Corp. operates Rivalry Limited, a leading sports betting and media company focused on online wagering for esports, traditional sports, and casino games [3] - The company is based in Toronto and operates in over 20 countries, holding an Isle of Man license and an internet gaming registration in Ontario [3] - Rivalry aims to shape the future of online gambling for a digital generation, leveraging creative execution and brand positioning [3]