Esports betting platform Rivalry has announced that its subordinate voting shares will begin trading over-the-counter on the OTCQX Best Market today.
The shares will trade under the symbol RVLCF.
The OTCQX market is operated by OTC Markets Group. Companies must meet a number of standards in order to trade on the market, including continued approval to list on the Nasdaq exchange.
“We are pleased to reach this important milestone in our efforts to increase awareness of Rivalry among U.S. investors and broaden our shareholder base,” said Steven Salz, co-founder and CEO of Rivalry. “Rivalry competes in a global sports betting and media marketplace with a unique strategy focused on young millennials and generation Z, and we believe our story may be of interest to investors internationally.”
“Trading on the OTCQX should enhance the ease at which those investors can own our equity, which is aligned with the global nature of our strategy.”
Rivalry also announced that its shares are qualified for electronic clearing and settlement through the Depository Trust Company (DTC). DTC eligibility can support trading and liquidity of a company’s shares.