Key Takeaways:
Rivalry Corp. had trading of its securities halted in Canada after the Ontario Securities Commission imposed a failure-to-file cease trade order on May 6 for its missing 2025 annual financial results.
"The FFCTO prohibits all trading, whether direct or indirect, in the Company’s securities in Canada," Rivalry said in a press release.
The order was issued after the Toronto-based online gaming company failed to file its audited consolidated financial statements, management's discussion and analysis, and CEO and CFO certificates for the year ended Dec. 31, 2025. The halt contains limited exceptions for non-insider beneficial holders to sell their securities through a foreign regulated market, provided the sale is handled by a registered investment dealer in Canada.
The trading halt effectively freezes Rivalry's TSXV-listed shares (RVLY), leaving investors unable to trade their positions on the Canadian exchange. The company, which has been evaluating strategic alternatives, must now file its overdue financial statements and have the order revoked by the OSC to resume trading.
The cease trade order places significant pressure on Rivalry to resolve its reporting deficiencies. For shareholders, the halt means their investment is illiquid until the order is lifted. The company's next step is to submit the complete 2025 annual filings to begin the process of having the FFCTO revoked by the OSC.
This article is for informational purposes only and does not constitute investment advice.
