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Matador Applied sciences Inc. (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused tech firm, announced 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 items at a value of $0.62 per unit, with the proceeds going in the direction of investing of their Bitcoin reserve.
“Every Unit consists of 1 widespread share and one-half of 1 widespread share buy warrant,” said within the press launch. “Every Warrant entitles the holder to accumulate one extra widespread share of the Firm at a value 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 time limit.
The securities from the second tranche are underneath 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, announced 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,” mentioned the CEO of Matador Applied sciences Inc. Deven Soni. “Their deep conviction within the Bitcoin ecosystem and world perspective on digital property align completely with Matador’s imaginative and prescient. This funding enhances our potential to speed up improvement of Bitcoin-native monetary merchandise and scale our platform globally.”
In that tranche, Matador issued 2,419,354 items underneath the identical phrases. Every together with one widespread 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 value 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 prime digital asset buyers see the identical future we do,” mentioned the Chief Visionary Officer of Matador Mark Moss.
“At Matador, we imagine the following wave of worldwide monetary infrastructure will probably be constructed on digital property,” commented Moss. “By aligning with HODL, we’re not simply increasing geographically—we’re increasing the attain of the digital property’ ecosystem right into a key innovation hub.”