Bitcoin Magazine

Matador Technologies Raising C$1 Million to Invest in Bitcoin

Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused tech and investment firm, simply revealed a non-brokered personal positioning of up to 5,454,546 systems priced at $0.55 each. The overall quantity Matador anticipates to raise is up to C$3,000,000 in gross profits.

The funds raised will be designated into 3 equivalent parts. One-3rd will be utilized to buy Bitcoin, which lines up with the business’s ongoing interest including to their Bitcoin reserves. Another 3rd will approach broadening their gold acquisition strategies and growing the Grammies company effort. The last 3rd will cover basic business requirements—things like operations, admin expenses, and any brand-new company chances that turn up.

Each system consists of one typical share and half of a typical share purchase warrant. One complete warrant offers the holder the right to purchase an extra share at $0.75. These warrants stand for 12 months beginning with the date they’re provided.

There’s also a velocity provision. If the Company’s stock strikes $1.05 or more for 5 straight trading days on the TSX Venture Exchange (TSXV)—however just after 4 months and one day from closing—Matador can accelerate the expiration of the warrants. If that takes place, they’ll release a news release, and the brand-new expiration date will be 1 month after that notification is revealed.

All securities from this offering will be under a statutory hold duration of 4 months and one day, as needed by Canadian securities laws. Investors won’t be able to offer or trade these shares throughout that time. This hold duration assists guarantee compliance with policies and includes stability throughout the early phase of the financial investment.

The offering will be done under exemptions from the normal prospectus requirements. It’s open just to certified financiers throughout Canadian provinces and potentially in other areas where it’s lawfully permitted. Like most positionings, it still requires last approval from the TSX Venture Exchange before it’s main.

This personal positioning belongs to Matador’s continuous strategy to reinforce its function in the Bitcoin and gold markets while also developing other parts of its company. By diversifying its financial investments and concentrating on both digital and standard possessions, the business is placing itself for long-lasting development. In December 2024, the business’s Board of Directors authorized to purchase its very first $4.5 million in Bitcoin.

SIMPLY IN: Publicly traded Matador Technologies Inc. authorizes to purchase $4.5 million #bitcoin as a tactical reserve possession. pic.twitter.com/WzlGTgwjG7

— Bitcoin Magazine (@BitcoinMagazine) December 23, 2024

This post Matador Technologies Raising C$1 Million to Invest in Bitcoin initially appeared on Bitcoin Magazine and is composed by Oscar Zarraga Perez.

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