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

Core Viewpoint - Matador Technologies Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately C$2.99 million to support its Bitcoin-focused initiatives and other business ventures [1][5]. Group 1: Offering Details - The second tranche involved the issuance of 2,588,955 units at a price of $0.55 per unit, generating gross proceeds of C$1,423,925 [1]. - Combined with the first tranche, the total units issued amount to 5,452,773, raising a total of $2,999,025 [1]. - 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]. Group 2: Warrant Provisions - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the closing price of its shares exceeds $1.05 for five consecutive trading days [3]. - The securities from the second tranche are subject to a statutory hold period until September 29, 2025 [4]. Group 3: Use of Proceeds - The net proceeds from the offering are planned to be allocated approximately one-third each to the purchase of Bitcoin, advancing gold acquisition initiatives, and general corporate purposes [5]. Group 4: Insider Participation - Insiders subscribed for a total of 200,000 units in the second tranche, which is classified as a related party transaction [6]. Group 5: Company Overview - Matador Technologies Inc. is a publicly traded company focused on the Bitcoin ecosystem, holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network [7][9]. - The company's flagship product, the Digital Gold Platform, allows users to trade 1-gram gold units inscribed as Bitcoin Ordinals, merging traditional value with decentralized technology [8].