Matador Technologies Inc. (“Matador” or “Company”) (TSXV:MATA, OTCQB:MATAF), a Bitcoin-centric technology and investment company, has just announced a non-broker private placement that can reach up to 5,454,546 units, for $0.55 respectively. Matador is expected to raise a total amount of up to $3,000,000 in total earnings.
The funds raised will be allocated to three equal parts. One third will be spent on buying Bitcoin, which is consistent with the company’s ongoing interest, increasing Bitcoin reserves. Another third will be expanding its gold acquisition program and developing the Grame Business Initiative. The last third will cover general company needs such as operational, administrative costs, and any new business opportunities.
Each unit consists of one share of common stock and half of common stock purchase warrants. A complete warrant gives holders the right to purchase additional shares for $0.75. From the date of issuance, these warrants are valid for 12 months.
There is also an acceleration clause. If the company’s stock reaches $1.05 or more on TSX Venture Exchange (TSXV) for five consecutive trading days, but Matador can only speed up the expiration of the arrest warrant after four months and one day of closure. If this happens, they will issue a press release and the new expiration date will be 30 days after the notice is made public.
All securities in the issuance will be subject to the Canadian Securities Act for a statutory holding period of four months and one day. During this time, investors will be unable to sell or trade these stocks. This holding period helps ensure compliance with regulations and increase stability in the early stages of investment.
The product will be carried out according to the usual prospectus requirements. It is only open to recognized investors in Canadian provinces and other regions permitted by law. Like most locations, it still needs to get final approval from TSX Venture Exchange before it is official.
This private location is part of the ongoing plan by Bullfighter, which aims to strengthen its role in the Bitcoin and gold markets, while also building other parts of its business. By diversifying its investments and focusing on digital and traditional assets, the company is positioning for long-term growth. In December 2024, the company’s board of directors approved the purchase of its first $4.5 million in Bitcoin.
