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. The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing, second closing and Third Closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars. Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a " Subordinate Voting Share ") and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a " Warrant Share ") at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company's right to accelerate the expiry date of the Warrants upon 30 days' notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days. The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes. The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company has paid an aggregate of $10,501.20 in finder's fees in connection with the Third Closing. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available. 100,200 Units were issued to family members of Steven Isenberg, a director of the Company and a "related party" (within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")) and 500,000 Units were issued to Kevin Wimer, a director of the Company and a "related party", and such issuances are considered a "related party transaction" for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Company's market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions. 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. Company Contact: Steven Salz, Co-founder & CEO [email protected] Investor Contact: [email protected] Media Contact: Cody Luongo, Head of Communications [email protected] 203-947-1936 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 laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company's MD&A dated April 30, 2024 and other disclosure documents available on SEDAR+ at www.sedarplus.ca. No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Source: Rivalry Corp.The U.S. Department of Commerce officially announced a large investment in the U.S. semiconductor industry on Nov. 26, awarding Intel Corporation $7.86 billion in direct funding under the CHIPS Incentives Program. “The CHIPS for America program will supercharge American innovation and technology and make our country more secure—and Intel is playing an important role in the revitalization of the U.S. semiconductor industry through its unprecedented investments across Arizona, New Mexico, Ohio, and Oregon,” U.S. Secretary of Commerce Gina Raimondo said in the announcement. The agency will disburse the funds based on Intel’s completion of specific project milestones, ensuring accountability and progress, they said in their announcement. This significant award is set to support multiple projects that will enhance the domestic supply of advanced chips, essential for powering sophisticated technologies such as artificial intelligence and critical military capabilities. Intel’s expansion is estimated to create approximately 10,000 manufacturing jobs and 20,000 construction jobs across the four states. White House Deputy Chief of Staff Natalie Quillian said that the investment aligns with the Biden administration’s broader goals of stimulating private sector investment and revitalizing communities through large public investments. She said the award was another key step in reshoring manufacturing and creating thousands of good-paying jobs. Intel’s CEO, Pat Gelsinger, said the company is committed to advancing U.S. semiconductor manufacturing. “With Intel 3 already in high-volume production and Intel 18A set to follow next year, leading-edge semiconductors are once again being made on American soil,” he said. “Strong bipartisan support for restoring American technology and manufacturing leadership is driving historic investments that are critical to the country’s long-term economic growth and national security.” In Rio Rancho, New Mexico, two existing facilities will be modernized into an advanced packaging facility, which will become the largest of its kind in the United States upon reaching full production. In New Albany, Ohio, the investment will create a new regional chipmaking ecosystem anchored by a leading-edge logic fabrication facility producing the Intel 14A and future nodes, expanding foundry capacity. While in Hillsboro, Oregon, Intel will invest in leading-edge research and development facilities utilizing the world’s first commercial high-NA EUV lithography equipment to develop and produce Intel 18A and future nodes. The CHIPS for America program—funded through the bipartisan CHIPS and Science Act of 2022—has so far awarded more than $19 billion of the $36 billion in proposed incentives funding, with announcements across 20 states anticipated to create more than 125,000 jobs. All CHIPS funding recipients are required to adhere to specific restrictions regarding stock buybacks and national security guardrails and limiting the sharing of intellectual property, according to the department.
No. 8 Maryland women’s basketball beats No. 19 Michigan State, 72-66
NEW YORK — Federal investigators in New York are seeking records from the manufacturer of an AI-powered weapons scanner that was briefly deployed this summer in New York City’s subway system. The tech company, Evolv, revealed in a public filing that it “received a voluntary document request from the U.S. Attorney’s Office of the Southern District of New York” on Nov. 1. It was unclear what the request was seeking. The U.S. Attorney’s Office in Manhattan declined to comment on the request, which was first reported by the Daily News. In an emailed statement, a spokesperson for Evolv said the company was “pleased to cooperate with all government agencies and regulators who request information from our company.” The Massachusetts-based tech company, whose scanners have also been used at sports stadiums and schools, has faced allegations of misconduct. Last month, Evolv’s board of directors fired its chief executive following an internal investigation that found certain sales had been “subject to extra-contractual terms and conditions.” On Tuesday, the company announced it had resolved a previous probe launched by the Federal Trade Commission last year over allegations of deceptive marketing practices. The company is also under separate investigation by the Securities and Exchange Commission. Despite the legal and regulatory scrutiny, New York City Mayor Eric Adams announced a pilot program this summer to bring a handful of scanners to the city’s subways to deter gun violence. The initiative drew immediate criticism from civil liberties groups who said the searches were unconstitutional, along with questions about its efficacy. In October, the city revealed the scanners did not detect any passengers with firearms — but falsely alerted more than 100 times. At the time, a spokesperson for the New York Police Department said it was still “evaluating the outcome of the pilot” and had not entered into any contract with Evolv.
By James Boyd, Charlotte Carroll and Jelani Scott The New York Giants shook up the 2025 NFL Draft while crushing the Indianapolis Colts’ playoff hopes in the process with a 45-33 win on Sunday. The Colts’ loss eliminated Indianapolis (7-9) from playoff contention. The Giants (3-13) picked up their first win at MetLife Stadium this season in their final home game thanks to career days from quarterback Drew Lock and rookie wide receiver Malik Nabers. Advertisement Lock had a near-perfect passer rating (155.3), 309 passing yards and five total touchdowns — four passing and one rushing. Nabers’ Week 17 effort (seven catches, 171 yards and two TDs) gave the wideout his first 1,000-yard season. The Giants added three defensive takeaways and their first kickoff return TD since 2015. While the win gave the Giants a rare 2024 highlight, the aftermath clouds their chances for the No. 1 pick in the 2025 NFL Draft. The Giants entered Week 17 holding No. 1 pick, but with the win, the Giants brought numerous teams back into contention for it. Indy’s playoff hopes go up in smoke The Colts needed to win Sunday to keep their playoff hopes alive. They couldn’t deliver and will miss the playoffs for the fourth straight year. The Colts fell behind 21-6 with just under six minutes left in the second quarter and were never able to overcome Lock’s hot start. The Giants QB threw three TD passes on the Giants’ first four drives and finished the first half with more TDs (three) than incompletions (one). Colts QB Joe Flacco was hardly as successful. The 39-year-old passer, who filled in for the injured Anthony Richardson (back/foot), finished 26-of-38 passing for 330 yards, two touchdowns and two interceptions. His 13-yard and 7-yard TD passes to receivers Alec Pierce and Michael Pittman Jr. cut the Giants’ lead to two points twice in the fourth quarter. But Flacco’s interception with 2:57 left proved to be the dagger. Jonathan Taylor tried to put the Colts’ offense on his back midway through the game, but it was to no avail. The running back finished with 32 carries for 125 yards and two TDs, notching his seventh 100-yard rushing game of the season. — James Boyd, Colts beat writer Giants’ shot at top pick in peril The Giants broke a franchise record 10-game losing streak and avoided going winless at home for the first time since 1974, but it’ll come with a hefty cost — potentially losing out on the No. 1 pick. With their third win, they’re no longer in control of the first pick. Their strength of schedule will determine their position fate. Advertisement While players and coaches looked thrilled, fans in the stands and on social media expressed trepidation at the possibility of losing out on the pick for the win. — Charlotte Carroll, Giants beat writer Terrible tackling dooms Indy in defeat Indianapolis’ season-long tackling issues reared their ugly head again at the worst time. Three of the Giants’ touchdowns came after the Colts missed open-field tackles, perhaps most egregiously on Nabers’ 59-yard TD catch in the fourth quarter that gave New York a 35-26 lead. The Giants’ rookie caught the ball near the sideline, and cornerbacks Kenny Moore II and Sam Womack III both whiffed on tackles near the sideline that allowed Nabers to race down the sideline and ultimately to victory. The Giants entered Sunday’s game with the worst scoring offense in the NFL at just 14.3 points per game. However, they exploded for a season-high 35 offensive points against the Colts, plus a 100-yard kickoff return TD by Ihmir Smith-Marsette to open the second half. Smith-Marsette’s long score marked the Giants’ first kickoff return touchdown since 2015. The Colts defense also failed to sack Lock and managed only one QB hit. — Boyd Required reading (Photo: Vincent Carchietta / Imagn Images)Walmart apologizes after shopper was ‘kicked out of line’ for items – and it’s all because of new policy
By JAMIE STENGLE, Associated Press DALLAS (AP) — More than 60 years after President John F. Kennedy was assassinated , conspiracy theories still swirl and any new glimpse into the fateful day of Nov. 22, 1963, in Dallas continues to fascinate . President-elect Donald Trump promised during his reelection campaign that he would declassify all of the remaining government records surrounding the assassination if he returned to office. He made a similar pledge during his first term, but ultimately bended to appeals from the CIA and FBI to keep some documents withheld. At this point, only a few thousand of the millions of governmental records related to the assassination have yet to be fully released, and those who have studied the records released so far say that even if the remaining files are declassified, the public shouldn’t anticipate any earth-shattering revelations. “Anybody waiting for a smoking gun that’s going to turn this case upside down will be sorely disappointed,” said Gerald Posner, author of “Case Closed,” which concludes that assassin Lee Harvey Oswald acted alone. Friday’s 61st anniversary is expected to be marked with a moment of silence at 12:30 p.m. in Dealey Plaza, where Kennedy’s motorcade was passing through when he was fatally shot. And throughout this week there have been events marking the anniversary. Nov. 22, 1963 When Air Force One carrying Kennedy and first lady Jacqueline Kennedy touched down in Dallas , they were greeted by a clear sky and enthusiastic crowds. With a reelection campaign on the horizon the next year, they had gone to Texas on political fence-mending trip. But as the motorcade was finishing its parade route downtown, shots rang out from the Texas School Book Depository building. Police arrested 24-year-old Oswald and, two days later, nightclub owner Jack Ruby fatally shot Oswald during a jail transfer. A year after the assassination, the Warren Commission, which President Lyndon B. Johnson established to investigate the assassination, concluded that Oswald acted alone and there was no evidence of a conspiracy. But that hasn’t quelled a web of alternative theories over the decades. The collection In the early 1990s, the federal government mandated that all assassination-related documents be housed in a single collection in the National Archives and Records Administration. The collection of over 5 million records was required to be opened by 2017, barring any exemptions designated by the president. Trump, who took office for his first term in 2017, had boasted that he’d allow the release of all of the remaining records but ended up holding some back because of what he called the potential harm to national security. And while files have continued to be released during President Joe Biden’s administration, some still remain unseen. The documents released over the last few years offer details on the way intelligence services operated at the time, and include CIA cables and memos discussing visits by Oswald to the Soviet and Cuban embassies during a trip to Mexico City just weeks before the assassination. The former Marine had previously defected to the Soviet Union before returning home to Texas. Mark S. Zaid, a national security attorney in Washington, said what’s been released so far has contributed to the understanding of the time period, giving “a great picture” of what was happening during the Cold War and the activities of the CIA. Withheld files Posner estimates that there are still about 3,000 to 4,000 documents in the collection that haven’t yet been fully released. Of those documents, some are still completely redacted while others just have small redactions, like someone’s Social Security number. There are about 500 documents where all the information is redacted, Posner said, and those include Oswald’s and Ruby’s tax returns. “If you have been following it, as I have and others have, you sort of are zeroed in on the pages you think might provide some additional information for history,” Posner said. Trump’s transition team hasn’t responded to questions this week about his plans when he takes office. A continued fascination From the start, there were those who believed there had to be more to the story than just Oswald acting alone, said Stephen Fagin, curator of the Sixth Floor Museum at Dealey Plaza, which tells the story of the assassination from the building where Oswald made his sniper’s perch. “People want to make sense of this and they want to find the solution that fits the crime,” said Fagin, who said that while there are lingering questions, law enforcement made “a pretty compelling case” against Oswald. Larry J. Sabato, director of the University of Virginia Center for Politics, said his interest in the assassination dates back to the event itself, when he was a child. “It just seemed so fantastical that one very disturbed individual could end up pulling off the crime of the century,” Sabato said. “But the more I studied it, the more I realized that is a very possible, maybe even probable in my view, hypothesis.”