09:47 AM EDT, 05/30/2025 (MT Newswires) -- Matador Technologies ( MATAF ) , which rose more than 10% and nearer to 52 week highs on Thursday, announced the closing of a $1.5 million investment from Arrington Capital, a digital asset management firm, as part of its non-brokered private placement offering of units announced on May 22.

The company issued around 2.4 million units as part of this first tranche. Each unit was priced at $0.62 and was made up of one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to buy one additional common share at $0.77 for a period of 12 months from issuance. The warrants include an acceleration clause.

The company expects to use about one-third of the net proceeds of the offering for the purchase of Bitcoin, one-third for gold acquisition and its Grammies initiative, and the remaining one-third for general corporate purposes.

The offering remains subject to final approval by the TSX Venture Exchange.

"We're thrilled to welcome Arrington Capital as a strategic investor," said Matador Technologies' ( MATAF ) Chief Executive Officer Deven Soni. "Their deep conviction in the Bitcoin ecosystem and global perspective on digital assets align perfectly with Matador's vision. This investment enhances our ability to accelerate development of Bitcoin-native financial products and scale our platform globally."

Price: 1.05, Change: +0.11, Percent Change: +11.70