Listed company Matador Technologies applies to raise CAD 900 million within 25 months, including for accumulating Bitcoin reserves

According to official announcements, Canadian listed company Matador Technologies Inc. has submitted a preliminary simplified prospectus to the securities regulatory commissions of all provinces in Canada except Quebec. If approved, the final simplified prospectus will allow Matador to issue up to CAD 900 million in common stock, debt securities, warrants, subscription warrants, securities, or any combination thereof from time to time within 25 months. The company's management believes that the simplified prospectus will enable the company to efficiently obtain funds to seek future growth opportunities, make strategic acquisitions, and accumulate Bitcoin asset reserves.