Matador Technologies Inc. Announces Private Placement

Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF), a company focused on Bitcoin technologies and investments, recently announced a non-brokered private placement. The plan is to sell up to 5,454,546 units, priced at $0.55 each, aiming to raise as much as $3,000,000.

The proceeds will be divided into three equal segments. One third is earmarked for purchasing Bitcoin, reinforcing the company’s interest in adding to its Bitcoin Reserve. Another third is aimed at enhancing gold acquisition strategies and expanding the Grammys business initiative. The remaining third will be allocated to general company needs, covering operational costs, management expenses, and new business opportunities that may arise.

Each unit consists of one common share and half of a common stock purchase warrant. A full warrant allows the holder to acquire additional shares at $0.75 each, valid for 12 months following issuance.

There is an acceleration clause tied to this offering. If the company’s shares reach $1.05 or higher for five consecutive trading days on the TSX Venture Exchange (TSXV)—but only four months and one day post-closing—Matador can expedite the expiration date of the warrants. Should this occur, a press release will be issued, establishing a new expiration date that is 30 days after the announcement.

All securities from this offering are subject to a statutory hold period of four months and one day, in accordance with the Canadian Securities Act. During this time, investors cannot sell or trade their shares, which helps maintain regulatory compliance and stability in the initial investment phase.

This offering will proceed under a waiver of the regular prospectus requirements and is limited to accredited investors in Canada and potentially other jurisdictions where allowed. Like most placements, it will require final approval from the TSX Venture Exchange before becoming official.

This private arrangement is part of Matador’s strategy to develop its business while solidifying its position in the Bitcoin and gold markets. By diversifying its investments in both digital and traditional assets, the company aims for sustainable long-term growth. Notably, in December 2024, the board of directors approved a plan for purchasing the first $4.5 million in Bitcoin.