Rivalry has taken the first step in its latest fundraising round, completing the opening tranche of a non-brokered private placement. The move marks the start of a wider financing plan expected to support the company’s ongoing growth and operational goals. The Rivalry private placement also comes alongside a debt restructuring deal set to close later this month.

• Rivalry issued 27.6 million units at CAD 0.05 (EUR 0.03) per unit, raising CAD 1.38 million (ca. EUR 0.85 million) in gross proceeds. Each unit includes one subordinate voting share and one warrant, exercisable at CAD 0.10 (EUR 0.06) per share for 24 months. The issued securities are subject to a four-month statutory hold period under securities law.

• The company plans to close additional tranches totaling up to 82.8 million units, which include commitments from a strategic family office. Rivalry said the proceeds will go toward corporate development and general working capital needs.

• Rivalry expects to complete its previously announced debt settlement with its senior lender by October 24, 2025. This will form part of a broader financial restructuring designed to strengthen its balance sheet.

• Based in Toronto, Rivalry operates globally with teams across more than 20 countries. The operator holds an Isle of Man gaming license, an internet gaming registration in Ontario, and is pursuing further market entries.

• Rivalry positions itself as a digital-first betting brand, offering esports, traditional sports, and casino gaming. CEO Steven Salz said the private placement “underscores investor confidence in Rivalry’s long-term growth strategy and commitment to innovation.”

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