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Rivalry Corp ( (TSE:RVLY) ) has issued an announcement.
Rivalry Corp. announced the closure of the second tranche of its non-brokered private placement, raising C$1,380,000 through the issuance of 27,600,000 units. The funds will be used for corporate development and general working capital. The company plans additional closings and debt restructuring by October 24, 2025, which could impact its financial stability and market positioning.
Spark’s Take on TSE:RVLY Stock
According to Spark, TipRanks’ AI Analyst, TSE:RVLY is a Neutral.
Rivalry Corp’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and high leverage. Technical analysis shows mild bullish momentum, but this is overshadowed by the company’s financial instability. Valuation metrics further highlight the company’s lack of profitability and investment appeal.
To see Spark’s full report on TSE:RVLY stock, click here.
More about Rivalry Corp
Rivalry Corp. is a leading sportsbook and iGaming operator focused on digital-first players, offering regulated online wagering on esports, traditional sports, and casino games. Based in Toronto, the company operates globally in over 20 countries and holds significant licenses, including an Isle of Man license and an internet gaming registration in Ontario.
Average Trading Volume: 55,900
Technical Sentiment Signal: Sell
Current Market Cap: C$3.58M
See more insights into RVLY stock on TipRanks’ Stock Analysis page.