04:38 PM EDT, 05/09/2025 (MT Newswires) -- Matador Technologies ( MATAF ) , a Bitcoin-focused technology and investment company, said after close of trade Friday it plans to raise up to $3 million in a private placement of share units.

The company will look to place up to 5.450-million units priced at $0.55 and made up of a share and one half of a one-year warrant to buy a second share for $0.75.

Proceeds are expected to be allocated approximately one-third to each of the following: the purchase of Bitcoin; advancing the company's gold acquisition and Grammies business initiatives, as well as general corporate purposes.

Matador share closed up $0.09 to $0,73 on the TSX Venture Exchange.