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Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a technology and investment firm focused on Bitcoin, has just declared a non-brokered private placement of up to 5,454,546 units at a price of $0.55 each. The total sum Matador aims to accumulate is up to C$3,000,000 in gross proceeds.
The capital generated will be divided into three equal segments. One segment will be used to acquire Bitcoin, corresponding with the firm’s persistent interest in augmenting their Bitcoin reserves. Another portion will be directed towards enhancing their gold acquisition strategies and expanding the Grammies business initiative. The last segment will address general corporate necessities—such as operations, administrative expenses, and any fresh business prospects that arise.
Each unit comprises one common share and half of a common share purchase warrant. A full warrant grants the holder the entitlement to buy an extra share at $0.75. These warrants will remain valid for 12 months from the date of issuance.
An acceleration clause is also included. If the Company’s stock exceeds $1.05 for five consecutive trading days on the TSX Venture Exchange (TSXV)—but only after a period of four months and one day post-closing—Matador can expedite the expiration of the warrants. In such a scenario, they’ll release a press announcement, and the new expiry date will be 30 days following that notification.
All securities from this offering will be subjected to a statutory hold period of four months and one day, as mandated by Canadian securities regulations. Investors will not be permitted to sell or trade these shares during this interval. This hold period aids in maintaining compliance with laws and provides stability during the initial phase of the investment.
The offering will be conducted under exemptions from the standard prospectus requirements. It’s available exclusively to accredited investors throughout Canadian provinces and potentially in other jurisdictions where it’s legally permissible. Like most placements, it still requires final endorsement from the TSX Venture Exchange before it becomes official.
This private placement is part of Matador’s ongoing strategy to enhance its presence in the Bitcoin and gold markets while also bolstering other facets of its business. By diversifying its investments and emphasizing both digital and traditional assets, the company is positioning itself for sustainable growth. In December 2024, the firm’s Board of Directors sanctioned the acquisition of its initial $4.5 million in Bitcoin.
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