The Canadian publicly listed company Matador intends to raise up to 900 million CAD to establish a Bitcoin reserve.

Blockbeats
14 Jul

BlockBeats News, July 14th, according to globenewswire report, Bitcoin ecosystem company Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) announced that it has filed a preliminary short form base PREP prospectus (the "PREP Prospectus") with the securities commissions in each of the provinces of Canada (except Quebec).

The PREP Prospectus is subject to review by regulatory authorities. If approved, the final version of the PREP Prospectus will enable Matador to issue, over a 25-month period, up to an aggregate of CA$900 million of common shares, debt securities, subscription receipts, warrants, units, or any combination thereof, collectively referred to as "Securities." Specific details of the offering will be disclosed in a prospectus supplement filed by the Company with the relevant Canadian securities regulatory authorities.

The Company's management believes that the PREP Prospectus will help the Company efficiently raise funds to seize future growth opportunities, execute strategic acquisitions, and increase its Bitcoin reserve assets.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10