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

Core Viewpoint - Matador Technologies Inc. has successfully closed the second tranche of its non-brokered private placement, raising C$1,644,300 by issuing 2,652,097 units at a price of $0.62 per unit, as part of a broader offering announced earlier [1][5]. 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 $0.77 for twelve months [2]. - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the share price exceeds $1.15 for five consecutive trading days [3]. - The second tranche is subject to a statutory hold period until October 5, 2025, and the company paid finders fees totaling $95,582, issuing 152,165 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 a total of 200,000 units in the second tranche, which is classified as a related party transaction, exempt from formal valuation and minority shareholder approval requirements [6]. Group 4: 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]. - The company's flagship product, the Digital Gold Platform, allows users to trade 1-gram gold units on the Bitcoin blockchain, integrating traditional value with decentralized technology [8].