Core Insights - Rivalry Corp. is experiencing significant growth in Ontario, its primary regulated market, following a capital restructuring and refinancing completed in October 2025 [2][4] - The company is on track for an all-time record quarter in Ontario, with new highs in handle, gross revenue, net revenue, active players, and newly acquired players during Q4 2025 [2][4] Ontario Performance Update - The growth in Ontario is attributed to approximately six weeks of increased marketing spend post-restructuring, with only a modest increase of about $75,000 USD above the previous run-rate [3] - Active players in Ontario are tracking 28% above Q3 levels, with a nearly 60% year-over-year increase, indicating strong expansion of the player base [6] - Deposits have surged approximately 240% year-over-year, alongside a 117% increase in deposit count, reflecting deeper engagement among players [6] - Wagers have doubled year-over-year, driven by sustained gains in player activity and retention [6] Private Placement Update - The company completed a non-brokered private placement, resulting in total gross proceeds of $4.26 million, with no additional funds raised beyond previously announced amounts [5] Strategic Outlook - Rivalry aims to scale proven marketing initiatives with demonstrated returns, enhance product offerings, and maintain a normalized cost base while growing Ontario's contribution to total revenue [7]

Core Points - Rivalry Corp. is extending the closing date for the final tranche of its non-brokered private placement by an additional 30 days, now expected to complete by December 15, 2025 [1][2] Company Overview - Rivalry Corp. is a leading sportsbook and iGaming operator focused on digital-first players, operating globally in over 20 countries [4] - The company offers regulated online wagering on esports, traditional sports, and casino games, and has held an Isle of Man license since 2018 [4] - Rivalry is in the process of obtaining additional country licenses and has a native crypto token, positioning itself as a market leader among digital-first users [4]

Core Points - Rivalry Corp. has successfully closed the third tranche of its non-brokered private placement, issuing 29,937,930 units at a price of C$0.05 per unit, resulting in gross proceeds of C$1,496,896.50 [1] - The company has also completed a debt restructuring agreement with its senior lender, which involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 units [2][3] - The restructuring has resulted in the senior lender becoming a "control person" of the company, with shareholder approval obtained for this change [4] - The CEO of Rivalry stated that the completion of these transactions marks a significant milestone for the company, enhancing its balance sheet and positioning it for future growth [5] Private Placement - The third tranche of the private placement involved the issuance of 29,937,930 units at C$0.05 per unit, generating gross proceeds of C$1,496,896.50 [1] - Each unit consists of one subordinate voting share and one purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The net proceeds from this placement will be used for corporate development and general working capital [1] Debt Restructuring - The debt restructuring involved the settlement of C$12,526,384.88 of indebtedness through the issuance of 250,527,697 debt settlement units at the same offering price [3] - The remaining indebtedness under the secured debenture is C$8,480,000, which has been amended to allow conversion into shares at a price of C$0.10, with a maturity date extended to November 14, 2028 [3] - No interest will be payable on the secured debenture until December 31, 2026 [3] Control Person Status - Following the debt restructuring, the senior lender has become a control person of Rivalry, necessitating shareholder approval which was obtained from over 50% of voting rights [4] Company Overview - Rivalry Corp. operates as a leading sportsbook and iGaming operator, focusing on digital-first players and offering regulated online wagering on esports and traditional sports [7][8] - The company has a global presence, operating in over 20 countries and holding licenses in premier jurisdictions such as the Isle of Man and Ontario [7]

Core Points - Rivalry Corp. has successfully closed the second 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 purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The proceeds from the private placement will be used for corporate development and general working capital [1] Additional Closings and Debt Restructuring - The company anticipates completing additional closings of up to 55,200,000 units, including securities from a strategic family office subscription agreement [2] - Rivalry is also in the process of a debt restructuring as per a settlement agreement with its senior lender, expected to be completed by October 24, 2025 [2] Company Overview - Rivalry Corp. operates Rivalry Limited, a prominent sports betting and media company focused on regulated online wagering for esports, traditional sports, and casino games [3] - The company is based in Toronto and operates globally 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]

Core Points - Rivalry Corp. has closed the second 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 purchase warrant, with the warrants exercisable at C$0.10 until October 8, 2027 [1] - The proceeds 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 55,200,000 units, including a strategic family office subscription agreement [2] - Rivalry is also pursuing a debt restructuring 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]

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]

Core Viewpoint - Rivalry Corp. is completing a non-brokered private placement to raise up to C$5,520,000 and has entered into a debt settlement agreement to restructure its outstanding indebtedness, marking the conclusion of its strategic review process [1][9][10] Private Placement - The private placement involves issuing up to 110,400,000 units at a subscription price of C$0.05 per unit, with each unit consisting of one subordinate voting share and one warrant [2] - A strategic family office has committed to purchase 82,758,620 units for gross proceeds of C$4,137,931 as part of the initial subscription [2] - The first tranche of the private placement is expected to close around October 8, 2025, subject to necessary approvals [3] Use of Proceeds - Proceeds from the private placement will be utilized for corporate development and general working capital purposes [4] Debt Restructuring - The company has entered into a debt settlement agreement to restructure C$12,526,384.88 of its indebtedness through the issuance of 250,527,697 units at the offering price [6] - After the debt settlement, C$8,480,000 of principal amount will remain outstanding under the secured debenture, which will be convertible into shares at a price of $0.10 per share [6] - The maturity date of the secured debenture will be extended to November 14, 2028, with no interest payable until December 31, 2026 [6] Control Person Status - Following the debt restructuring, the senior lender will become a "control person" of the company, requiring shareholder approval, which has been obtained from holders of over 50% of voting rights [7] Conclusion of Strategic Review - The strategic review process initiated in April 2025 has concluded, positioning Rivalry for growth and sustained value creation [9][10]

Core Insights - Rivalry Corp. has reported significant improvements in its financial performance for Q2 2025, including a 62% reduction in operating expenses year-over-year and a 59% narrowing of net loss, indicating the effectiveness of its restructured business model initiated in late 2024 [1][2][7] Financial Performance - Net revenue for Q2 2025 increased by 24% sequentially to CAD 1.6 million, up from CAD 1.3 million in Q1 2025, despite a flat marketing spend [7] - Operating expenses decreased to CAD 3.6 million in Q2 2025 from CAD 9.5 million in Q2 2024, reflecting a substantial focus on cost reduction [7] - The net loss for Q2 2025 was CAD 2.19 million, down from CAD 5.37 million in Q2 2024 and improved from CAD 2.99 million in Q1 2025 [7] Player Economics - Record player monetization was achieved, with net revenue per player increasing by 49% quarter-over-quarter and 210% higher than the historical average prior to the Q4 2024 transformation [8] - Average monthly deposits per player rose by 28% quarter-over-quarter, following a 175% increase in Q1 from historical levels [8] Strategic Initiatives - The company is undergoing a Strategic Review to explore various potential outcomes aimed at maximizing shareholder value, with a focus on enabling growth from a fundamentally stronger base [9] - Rivalry is assessing targeted cost optimization strategies for H2 2025, with a run-rate monthly operating expense of approximately USD 600,000 [14] Operational Focus - The company has emphasized improved player onboarding, retention, and engagement, contributing to enhanced player segmentation and overall performance [5][6] - Adjusted General and Administration expenses were reported at CAD 1.7 million, compared to CAD 2.5 million, indicating effective cost management [7]

Core Points - Rivalry Corp. has successfully revoked the management cease trade order (MCTO) previously granted by the Ontario Securities Commission, allowing management to trade the company's securities again [1][2] - The revocation follows the completion of the company's annual audited financial statements and interim financial statements for the respective periods [1] - All relevant filings are accessible on the SEDAR+ platform [2] Company Overview - Rivalry Corp. is a sports betting and media company that operates globally, focusing on esports, traditional sports, and casino betting [3] - The company is based in Toronto and has a presence 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]

Core Viewpoint - Rivalry Corp. has successfully implemented a strategic overhaul, resulting in significant reductions in operating expenses and net loss, while achieving record user metrics in Q2 2025, indicating a strong foundation for scalability and growth [1][2][3]. Financial Performance - Net revenue for Q1 2025 was $1.3 million, consistent with preliminary results [6]. - Operating expenses decreased by 58% year-over-year to $4 million in Q1 2025, down from $9.6 million in Q1 2024 [6]. - Net loss narrowed by 43% to $3.0 million in Q1 2025 from $5.2 million in the prior-year quarter [6]. - Average Customer Acquisition Cost payback across H1 2025 was approximately 1.5 months, reflecting improved funnel conversion and higher player value [6]. User Metrics and Engagement - Q2 2025 set new records with net revenue per player increasing by 49% compared to Q1 2025, and 210% higher than the historical average prior to the Q4 2024 transformation [6]. - Wagers per player rose by 7% quarter-over-quarter, nearly 300% above the pre-rebuild average [6]. - Average monthly deposits per player in Q1 2025 were over 175% higher than the historical average, increasing a further 28% in Q2 2025 [6]. - Monthly deposit frequency per player in Q1 2025 was up 115% over the historical average, rising another 22% in Q2 2025 [6]. Strategic Initiatives - The company is exploring strategic alternatives to maximize shareholder value and evaluating non-dilutive capital options to accelerate growth [8]. - Key initiatives for H2 2025 include deploying a new promo engine, enhancing CRM for high-value player segmentation, and further operating cost reductions [11]. Structural Advantages - Rivalry has established a leaner, more efficient operating model with a lower fixed-cost base and proven user economics [7][9]. - The company possesses strong regulatory licenses in Ontario and the Isle of Man, proprietary technology, and a globally recognized brand, positioning it as a differentiated operator in the online gambling market [9].