Matador Technologies Inc. Announces Closing of First Tranche of Non-Brokered Private Placement to Support Bitcoin Acquisition

Core Viewpoint - Matador Technologies Inc. has successfully closed the first tranche of a non-brokered private placement, raising C$1,575,099 by issuing 2,863,818 units at a price of$0.55 per unit [1] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.75 for twelve months [2] - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the share price exceeds$1.05 for five consecutive trading days [3] - The securities issued are subject to a statutory hold period expiring on September 27, 2025, and the company paid finders fees of $10,670 along with issuing 13,600 broker warrants [4] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated approximately one-third each to the purchase of Bitcoin, advancing gold acquisition initiatives, and general corporate purposes [5] Group 3: Insider Participation - Insiders subscribed for 418,182 units in the first tranche, which is classified as a related party transaction, and the company has relied on exemptions from formal valuation and minority shareholder approval requirements [6] Group 4: Company Overview - Matador Technologies Inc. is a Bitcoin-focused technology company that holds Bitcoin as its primary treasury asset and develops products to enhance the Bitcoin network [7] - The company's flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, integrating traditional value with decentralized technology [8]