Matador completes a total of nearly CAD 3 million in private equity financing to support the purchase of Bitcoin

According to a report by Golden Finance, Canadian technology company Matador Technologies Inc. announced the completion of a non brokerage private placement, issuing a total of 2588955 units at a price of CAD 0.55 per share. Each unit includes one common stock and half a common stock subscription warrant, each of which grants the holder the right to subscribe for an additional common stock of the company at a price of USD 0.75 per share for twelve months from the date of issuance. The total amount raised is CAD 1423925, and with the previously completed CAD 1575099 financing, the company's private placement financing has reached nearly CAD 3 million, which will support its purchase of Bitcoin.