Matador Technologies Inc. (“Matador” or “Company”) (TSXV: Mata, OTCQB: Mataf), a Bitcoin-focused tech and investment company, announced just a non-broken private location of up to 5,454,546 units priced at $ 0.55 each. The total amount Matador expects to raise is up to C $ 3,000,000 in the gross proceeds.
The funds collected are allocated to three equal parts. One-third will be used to buy Bitcoin, which matches the company’s continued interest, adding their Bitcoin reserves. Another third will go towards expanding their gold purchase plans and growing Grammies Business Initiative. The last third will meet general business needs – things like operations, administrator costs and any new business opportunities that come up.
Each unit includes a common share and half of a joint purchase order for share purchases. A full order gives the holder the right to buy an additional share of $ 0.75. These warrants are valid for 12 months from the date they are issued.
There is also an acceleration clause. If the company’s share hits $ 1.05 or more in five equal trading days on TSX Venture Exchange (TSXV) – but only after four months and a day from closure – can Matador accelerate the expiry of Warrants. If that happens, they will issue a press release and the new expiry date will be 30 days after this message is published.
All securities from this offer will be during a statutory residence period of four months and a day as required in Canadian securities law. Investors cannot sell or trade these shares during this time. This attitude period helps to ensure compliance with the rules and add stability in the early stage of the investment.
The offer will be performed under the exceptions of the usual prospectus requirements. It is only open to accredited investors across Canadian provinces and possibly in other regions where it is legally allowed. Like most locations, it still needs final approval from TSX Venture Exchange before it is official.
This private location is part of Matador’s ongoing plan to strengthen its role in the bitcoin and gold markets while building other parts of its business. By diversifying its investments and focusing on both digital and traditional assets, the company places itself for long -term growth. In December 2024, the company’s board of directors approved to buy its first $ 4.5 million in Bitcoin.