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Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF), a tech firm centered on Bitcoin, declared that it has finalized the second tranche of its non-mediated private placement, securing C$1,644,300 through the issuance of 2,652,097 units priced at $0.62 each, with proceeds intended for augmenting their Bitcoin reserves.
“Each Unit comprises one common share and half of a common share purchase warrant,” expressed in the press release. “Each Warrant permits the holder to obtain one extra common share of the Company at a cost of $0.77 for a duration of twelve months from the issuance date.”
The warrants are subject to rapid execution if Matador’s shares trade at or above $1.15 for five consecutive trading days at any point after the date which is four months and one day following the closing date.
The securities from the second tranche are under a restriction period lasting until October 5, 2025. As part of the arrangement, the company also disbursed finder’s fees totaling $95,582 and issued 152,165 broker warrants under the same conditions.
This follows the initial tranche of the offering, reported on May 30, 2025, which featured a CAD$1.5 million infusion from Arrington Capital, a digital asset management enterprise co-founded by Michael Arrington.
“We’re excited to welcome Arrington Capital as a strategic partner,” remarked the CEO of Matador Technologies Inc. Deven Soni. “Their strong belief in the Bitcoin ecosystem and broad outlook on digital assets align seamlessly with Matador’s vision. This funding boosts our capacity to progress in developing Bitcoin-native financial tools and scaling our platform internationally.”
In that tranche, Matador issued 2,419,354 units under the same conditions. Each included one common share and half a warrant, with full warrants executable at $0.77 for one year. Similar to the second tranche, those warrants are also susceptible to acceleration if the share price reaches $1.15 for five continuous trading days following the initial four-month span.
“This represents more than mere capital acquisition—it’s an indication that the leading investors in the digital asset sector envision the same future we do,” stated the Chief Visionary Officer of Matador Mark Moss.
“At Matador, we anticipate that the next phase of global financial infrastructure will be constructed on digital assets,” commented Moss. “By partnering with HODL, we’re not merely extending geographically—we’re broadening the ecosystem of digital assets into a vital innovation center.”
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