Breaking News: Rivalry Successfully Completes Third Round of Private Funding!
TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) —
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 third tranche (the “Third Closing”) of its non-brokered private placement of units of the Company (the “Units”), previously announced on November 26, 2024 (the “Offering”). Under the Third Closing, the Company issued 2,231,253 Units at a price of $0.15 per Unit, for gross proceeds of $334,688.
Rivalry Corp., a pioneer in the sportsbook and iGaming industry, has successfully completed its third round of private funding. With the recent closure of the Third Closing of its private placement, the company has shown its ability to secure investment and support for its innovative digital-first approach.
The issuance of over 2 million Units at a price of $0.15 per Unit demonstrates the confidence investors have in Rivalry’s business model and growth potential. The gross proceeds of $334,688 will further fuel the company’s expansion and development efforts in the competitive online gaming market.
Rivalry’s commitment to providing cutting-edge sports betting and iGaming experiences for its users has positioned it as a leader in the industry. By leveraging technology and a deep understanding of digital consumer behavior, Rivalry has been able to carve out a niche for itself and attract a loyal customer base.
With this latest round of funding, Rivalry is poised to continue its upward trajectory and solidify its position as a key player in the online gaming landscape. The company’s strategic growth initiatives and dedication to innovation will drive its success in the months and years to come.
How will this affect me?
As a consumer of sports betting and iGaming services, this news could mean more exciting offerings and improved user experiences from Rivalry. The influx of funding will likely lead to enhancements in the platform, better odds, and promotions, making it a more attractive option for players like you.
How will this affect the world?
The success of Rivalry in securing private funding reflects the growing popularity and acceptance of online gaming globally. As the company continues to innovate and expand, it will contribute to the overall growth and evolution of the sports betting and iGaming industry, setting new standards and driving competition.
Conclusion
Rivalry’s completion of its third round of private funding marks a significant milestone in the company’s journey towards becoming a major player in the online gaming sector. With the support of investors and a strong focus on innovation, Rivalry is well-positioned to lead the way in redefining the sportsbook and iGaming experience for digital-first players.
