According to PANews, Canadian technology company Matador, which has incorporated Bitcoin into its corporate treasury, announced plans to raise an additional CAD 4 million through a private placement. The company intends to issue up to 6,451,613 common shares and may opt to increase the offering by up to 15% for overallotment purposes.
Earlier this month, Matador revealed its intention to raise CAD 3 million, with a portion of the net proceeds earmarked for increasing its Bitcoin holdings.