Business
Rivalry Corp. Announces Significant Reduction in Operations and Evaluation of Strategic Alternatives
TORONTO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “...
About this update from Rivalry Corp.
Rivalry Corp. Announces Significant Reduction in Operations and Evaluation of Strategic Alternatives TORONTO, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) today announced that its Board of Directors has approved a significant reduction in operating activity as the Company evaluates strategic alternatives in respect of its assets and operations. The Company is engaged in discussions with third parties regarding potential transactions. However, in light of recent performance volatility, the Board has determined to materially reduce the scale of operations while assessing whether a strategic transaction or other alternative can be advanced. Effective immediately, the Company is implementing substantial cost reductions, including a significant workforce reduction and reduced operating expenditures. The Company has paused player activity on its platform and is facilitating player withdrawals in the ordinary course. The Company is assessing a range of potential alternatives, which may include asset-level transactions, corporate transactions, restructuring initiatives or other strategic outcomes. Given the Company’s reduced operating scale and the ongoing evaluation process, there can be no assurance that any strategic alternative will be completed or that operations will continue in their current form. Further updates will be provided if and when material developments occur. About Rivalry Rivalry Corp. wholly owns and operates Rivalry Limited, a sports betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Note Regarding Forward-Looking Information and Statements This news release contains certain forward-looking information within the meaning of applicable Canadian securities...