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TORONTO, May 22, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused company, is pleased to announce a non-brokered private placement offering of up to 6,451,613 units (the “Units”) at a price of $0.62 per Unit, for aggregate gross proceeds of up to C$4,000,000 (the “Offering”), with an option to increase the Offering by up to 15% (the “Over-Allotment Option”).
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Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.77 for a period of twelve (12) months from the date of issuance.
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The Warrants will be subject to an acceleration clause: in the event that the closing price of the Company’s common shares on the TSX Venture Exchange (the “TSXV”) is equal to or exceeds $1.15 for five (5) consecutive trading days at any time following the date which is four months and one day after the closing date, the Company may accelerate the expiry date of the Warrants to the date that is thirty (30) days following the dissemination of a press release announcing such acceleration.
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The securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.
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The Offering is being conducted pursuant to available exemptions from prospectus requirements and will be made to “accredited investors” in all provinces of Canada and in such other jurisdictions as the Company may determine, in accordance with applicable securities laws.
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The net proceeds of the Offering are expected to be allocated approximately one-third to each of the following: (i) the purchase of Bitcoin; (ii) advancing the Company’s gold acquisition and Grammies business initiatives; and (iii) general corporate purposes.
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The Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including that of the TSX Venture Exchange.
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For additional information, please contact:
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Media Contact:
Sunny Ray
President
Email: [email protected]
Phone: 647-932-2668
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About Matador Technologies Inc.
Matador Technologies Inc. is a publicly traded Bitcoin ecosystem company that holds Bitcoin as its primary treasury asset and builds products to enhance the Bitcoin network. Through a self-reinforcing model that combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, Matador aims to grow long-term shareholder value without dilution.
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The Company’s flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals—bridging traditional value with decentralized technology. With a Bitcoin-first strategy, a debt-free balance sheet, and a clear focus on innovation, Matador is helping shape the future of financial infrastructure on Bitcoin.
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