Matador Technologies Completes Private Placement to Fund Bitcoin Acquisition

According to PANews, Matador Technologies Inc. (TSXV: MATA), a Bitcoin technology company, has announced the completion of its second round of non-brokered private placement. The company issued 2,588,955 units at a price of CAD 0.55 per unit, raising CAD 1,423,925. Combined with the first round completed on May 26, Matador has issued a total of 5,452,773 units, accumulating CAD 2,999,025 in total funds. Each unit consists of one common share and half a warrant, with each full warrant allowing the purchase of additional shares at CAD 0.75 within 12 months. The funds raised will be allocated towards Bitcoin acquisition, advancement of gold business, and general corporate purposes. Previously, on May 27, Matador completed a private placement of approximately CAD 1.575 million to support Bitcoin purchases.