Rivalry to complete delayed financial filings by July amid ongoing cease trade order
Ontario-based betting firm remains under management cease trade order after delay in releasing 2024 annual results.
Key points:
– Rivalry expects to file its delayed 2024 annual results by 30 June 2025
– Its Q1 2025 financial statements are scheduled for filing by 14 July
– Management cease trade order (MCTO) remains in place until both filings are submitted
Rivalry has provided an update on the delayed filing of its 2024 financial statements, confirming that it expects to complete the process by 30 June 2025.
The company also said it will file its Q1 2025 financial statements and associated documents by or before 14 July.
The update follows the issuance of a management cease trade order (MCTO) by the Ontario Securities Commission (OSC) on 1 May 2025.
The order, granted under National Policy 12-203, restricts trading of the company’s securities by directors and senior officers until it meets its filing obligations.
In its latest statement, Rivalry reiterated that it remains subject to the MCTO and that it will continue to comply with alternative information guidelines as stipulated by the OSC.
The company confirmed that there have been no material changes since its original default announcement and that it does not anticipate further defaults.
The OSC has stated that the cease trade order will remain in place until Rivalry has submitted both its 2024 annual results and Q1 2025 filings.
Good to know: Rivalry is listed on the TSX Venture Exchange in Canada and operates under the ticker RVLY
The update comes two months after Rivalry reported improved operational efficiency and player engagement in Q1 2025, despite a decline in overall revenue. The company cited gains in user value and a leaner cost structure, with average monthly deposits rising 175% and deposit frequency up 115% compared to pre-October 2024 figures.
Rivalry’s CEO Steven Salz said at the time: “The KPIs are telling the real story – user value is up, efficiency is up and player engagement is the strongest we’ve seen in the company’s history.”
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