Matador Applied sciences Inc. (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused tech firm, introduced that it has closed the second tranche of its non-brokered non-public placement, elevating C$1,644,300 by way of the issuance of two,652,097 models at a worth of $0.62 per unit, with the proceeds going in direction of investing of their Bitcoin reserve.
“Every Unit consists of 1 frequent share and one-half of 1 frequent share buy warrant,” acknowledged within the press launch. “Every Warrant entitles the holder to accumulate one extra frequent share of the Firm at a worth of $0.77 for a interval of twelve months from the date of issuance.”
The warrants are topic to acceleration if Matador’s shares commerce at or above $1.15 for 5 consecutive buying and selling days at any time following the date which is 4 months and someday after the cut-off date.
The securities from the second tranche are beneath a maintain interval that lasts till October 5, 2025. As a part of the deal, the corporate additionally paid finder’s charges totaling $95,582 and issued 152,165 dealer warrants on the identical phrases.
This follows the primary tranche of the providing, introduced on Could 30, 2025, which included a CAD$1.5 million funding from Arrington Capital, a digital asset administration agency co-founded by Michael Arrington.
“We’re thrilled to welcome Arrington Capital as a strategic investor,” stated the CEO of Matador Applied sciences Inc. Deven Soni. “Their deep conviction within the Bitcoin ecosystem and international perspective on digital belongings align completely with Matador’s imaginative and prescient. This funding enhances our capability to speed up improvement of Bitcoin-native monetary merchandise and scale our platform globally.”
In that tranche, Matador issued 2,419,354 models beneath the identical phrases. Every together with one frequent share and one-half warrant, with full warrants exercisable at $0.77 for one yr. Just like the second tranche, these warrants are additionally topic to acceleration if the share worth hits $1.15 for 5 consecutive buying and selling days following the preliminary four-month interval.
“That is greater than only a capital increase—it’s a sign that the world’s high digital asset traders see the identical future we do,” stated the Chief Visionary Officer of Matador Mark Moss.
“At Matador, we consider the following wave of world monetary infrastructure will probably be constructed on digital belongings,” commented Moss. “By aligning with HODL, we’re not simply increasing geographically—we’re increasing the attain of the digital belongings’ ecosystem right into a key innovation hub.”
