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The latest announcement is out from Rivalry Corp ( (TSE:RVLY) ).
Rivalry Corp. has closed the first tranche of its non-brokered private placement, raising C$1,380,000 through the issuance of 27,600,000 units. Each unit includes one subordinate voting share and one share purchase warrant, with the proceeds intended for corporate development and general working capital. The company plans additional closings and a debt restructuring by October 24, 2025, which could impact its financial stability and strategic growth.
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 an Isle of Man license, with plans to expand its licensing further. Rivalry is known for its creative execution and market leadership among internet-native users.
Average Trading Volume: 53,922
Technical Sentiment Signal: Sell
Current Market Cap: C$3.4M
See more data about RVLY stock on TipRanks’ Stock Analysis page.