Rivalry Closes Second Tranche of Private Placement

TORONTO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announces that it has closed the second tranche of its non-brokered private placement (the “Private Placement”) previously announced on September 29, 2025. The Company issued 27,600,000 units (“Units”) at a price of C$0.05 per Unit, for gross proceeds of C$1,380,000. Each Unit consists of one (1) subordinate voting share in the capital of the Company (each, a "SV Share") and one (1) SV Share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one (1) SV Share (each, a "Warrant Share") at a price of C$0.10 per Warrant Share until October 8, 2027. The SV Shares, Warrants and Warrant Shares are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company intends to use the proceeds from the Private Placement for corporate development and general working capital purposes.

The Company expects to complete (i) additional closings of up to 55,200,000 Units, including the remainder of the securities pursuant to its previously announced initial subscription agreement with a strategic family office, and (ii) its previously announced debt restructuring pursuant to a debt settlement agreement entered into between the Company and its senior lender, on or prior to October 24, 2025.

About Rivalry

Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users, Rivalry is shaping the future of online gambling for a generation born on the internet.