Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Rivalry Corp ( (TSE:RVLY) ).
Rivalry Corp has announced a non-brokered private placement to raise up to C$5.52 million and a debt restructuring agreement with its senior lender. The private placement involves issuing units at C$0.05 each, with proceeds intended for corporate development and working capital. The debt restructuring will see the issuance of units to satisfy part of its indebtedness, with amendments to the terms of its secured debenture. This move will make the senior lender a control person of the company, requiring shareholder approval. The restructuring is expected to close around October 8, 2025, subject to necessary approvals.
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, with significant challenges in revenue, profitability, and cash flow. While technical analysis shows some positive momentum, the negative valuation metrics further weigh down the score.
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. The company operates in the online gambling industry, offering sports betting and interactive gaming services.
Average Trading Volume: 32,389
Technical Sentiment Signal: Sell
Current Market Cap: C$4.47M
For a thorough assessment of RVLY stock, go to TipRanks’ Stock Analysis page.