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Matador Technologies Inc. Announces $1.5 Million Strategic Investment by Arrington Capital
Globenewswireยท 2025-05-30 11:30
Core Viewpoint - Matador Technologies Inc. has successfully closed a CAD$1.5 million investment from Arrington Capital as part of a non-brokered private placement offering, aimed at enhancing its Bitcoin-focused financial technologies [1][4]. Group 1: Investment Details - The investment was part of an offering where 2,419,354 Units were issued at a price of $0.62 per Unit, each consisting of one common share and one-half of a common share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at $0.77 for 12 months, with an acceleration clause if the share price exceeds $1.15 for five consecutive trading days [2][6]. Group 2: Strategic Importance - Arrington Capital, co-founded by Michael Arrington, is recognized for investing in blockchain and digital asset ventures, which aligns with Matador's focus on Bitcoin and tokenized assets [3]. - The CEO of Matador expressed enthusiasm about the strategic partnership, highlighting that it reflects confidence from top digital asset investors in the company's vision for Bitcoin-native financial products [4]. Group 3: Company Overview - Matador is the only public Canadian company developing gold and precious metal products on the Bitcoin network, with a treasury strategy that includes holdings in both Bitcoin and gold [5]. - The net proceeds from the offering will be allocated to purchasing Bitcoin, acquiring gold, and general corporate purposes, with a hold period for the securities until September 30, 2025 [6]. Group 4: Product Offering - The flagship product, the Digital Gold Platform, enables users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, merging traditional value with decentralized technology [8]. - Matador aims to enhance the Bitcoin network through strategic accumulation and product development, focusing on long-term shareholder value without dilution [7].