Latest News
Rivalry Closes Non-Brokered Private Placement Of Approximately $2.0 Million
Rivalry Corp. (the “Company” or “Rivalry“) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the initial tranche of a non-brokered private placement of 12,930,707 units of the Company (the “Units“), at a price of $0.15 per Unit, for aggregate gross proceeds of approximately $1.94 million (the “Offering“).
The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars.
âThis initial tranche of our non-brokered private placement was primarily subscribed to by insiders, family and friends, and long-term shareholders,â said Steven Salz, Co-Founder and CEO of Rivalry. âThis commitment and demonstration of support is deeply gratifying as we press ahead into a new chapter for the Company.â
Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a “Subordinate Voting Share“) and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a “Warrant Share“) at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company’s right to accelerate the expiry date of the Warrants upon 30 days’ notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days.
The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes.
The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation.
The Company has paid an aggregate of $14,953.74 in finder’s fees in connection with the closing of the first tranche of the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.
1,333,300 Units were issued to Steven Isenberg, a director of the Company and a “related party” (within the meaning of Multilateral Instrument 61-101 â Protection of Minority Security Holders in Special Transactions (“MI 61-101“)) and such issuance is considered a “related party transaction” for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Companyâs market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions.
EstrelaBet and CazéTV have formalized a partnership to sponsor the broadcasts of the Brazilian Championship and renew their support for the Paulistão. The agreement, valid for the 2025 edition of both competitions, includes brand display, content production, and other agreed conditions.
EstrelaBet and CazĂ©TV have developed a solid partnership, collaborating on the main competitions broadcast by the channel. Since 2022, EstrelaBet has sponsored events such as the menâs, womenâs and futsal World Cups, as well as international competitions such as the Europa League, and national competitions such as the PaulistĂŁo and BrasileirĂŁo matches, among other initiatives.
âWe have achieved exceptional results since we began our partnership with CazĂ©TV. By signing the new agreements, we are clearly pleased with this work that has brought the audience closer to their favorite team. The channel has a unique language, whose goal is to make every moment more fun and engaging. It is an alternative format, and we believe that we are expanding our visibility and directly engaging with an audience that seeks different experiencesâ said Renan Cavalcanti, CMO of EstrelaBet.
âWe are very proud to have EstrelaBet as a partner since the 2022 Qatar World Cup, through the 2023 Australian Women’s Cup and the 2024 PaulistĂŁo. We have closely followed EstrelaBet’s growth during this period and we are sure that we will have an incredible 2025 together as well,â said Ricardo Souto, partner at LiveMode.
The PaulistĂŁo will have 16 dates, including the knockout stage and finals, starting in January and ending on March 27. The Campeonato Brasileiro will have 38 rounds, starting on March 29 and ending on December 21.
The Mega Millions jackpot was finally won on December 27, reaching $1.22 billion after several weeks of rollovers. The winning ticket, sold at a gas station in Cottonwood, California, undoubtedly changed someoneâs life forever. But for millions of hopeful players, the journey to that draw was just as thrillingâand that’s where lottery courier service TheLotter US came in.
When jackpots skyrocket, so does excitement. Yet, in the hustle of everyday life, not everyone can find the time to go out and buy a ticket. Thatâs why TheLotter US has become a go-to solution for players across the country, offering a convenient way to participate in local and multi-state lotteries from home or on the go.
Through TheLotter USâs user-friendly website and mobile app, players can:
âą Create an account and verify their details with ease.
âą Order official lottery tickets securely online
âą Access scanned copies of purchased tickets for complete transparency
While the recent $1.22 billion jackpot winner wasnât one of their customers, TheLotter provide players with the freedom to join the action on their terms. Who knows? The next big winner might be just a click away!
TheLotter US prides itself on delivering exceptional service, especially during busy jackpot periods and key holidays. Abigail Borg, Chief Operations Officer at TheLotter Group, praised the teamâs commitment:
âIâm incredibly proud of how our customer service team handled this busy period with professionalism. By increasing staffing levels and operating around the clock, we ensured that every customer query was addressed in real-time, promptly and effectively, despite the increased demand.â
This dedication to exceptional service is especially evident during critical periods, such as when the already busy Christmas season overlaps with record-breaking jackpots. These moments showcase why TheLotter US consistently earns recognition for its responsiveness and care.
Kalshi filed with the CFTC to list Super Bowl betting odds. Industry observers wonder whether exchanges could disrupt traditional sportsbooks.
The trading exchange filed with the Commodity Futures Trading Commission on Wednesday to put up odds on Super Bowl futures.
This comes weeks after competing exchange Crypto.com did the same. The CFTC asked Crypto.com to take down the odds pending the regulatory review, but the exchange rebuffed the request. As Front Office Sports noted previously, Crypto.com is sensitive about labeling the market as sports betting, instead referring to them as event contracts that are traded as derivatives and regulated by the CFTC. In markets outside of sports, Kalshi has specifically referred to customersâ risk as bets.
The CFTC, which regulates the U.S. derivatives market, will flip from majority Democrat to Republican when chairman Rostin Behman leaves the commission. Commissioner Caroline Pham was appointed acting chair by President Donald Trump last week.
Kalshi successfully fought CFTC regulation to post presidential election betting odds last year. Founded in 2018, the exchange offers trading on anything from who will win the Oscar for Best Picture to whether Trump will buy Greenland. Its backers include VC firms Sequoia, Neo, Y Combinator, Mantis VC, and private equity maven Henry Kravis.
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