TORONTO, Nov. 10, 2025 (GLOBE NEWSWIRE) — (TSXVes:MA)Matador” or “Company“), Bitcoin Ecosystem, is pleased to announce that it has closed the first tranche (“Initial closure“) previously announced secured convertible note facility (“Means“) with ATW Partners (“Investor“) under which it issued convertible bonds (“Notes“) for a total principal amount of $10,500,000.
The fund will be used exclusively to purchase Bitcoins for Matador's balance. An additional $89.5 million remains available under the Credit Facility for subsequent drawdown, subject to receipt of all regulatory approvals and other specified conditions.
This capital supports Matador's long-term plan for BTC, including:
- Purchase up to 1000 BTC by 2026
- Reaching 6000 BTC by 2027
- With a long-term goal of holding about 1% of the total supply of Bitcoin and becoming one of the top 20 corporate holders in the world.
The notes issued pursuant to the terms of the Credit Facility will bear interest at a rate of 8% per annum, which will be reduced to 5% per annum upon Matador's delisting from the TSX Venture Exchange (“TSHV“) and successful listing of Matador on NASDAQ or NYSE (collectively “Adding to lists“), and are also subject to certain other fees as stated in Matador's press release dated November 3, 2025.
The Company may elect to pay interest due on the Notes in cash by adding it to the principal amount of the Notes or by converting it into shares of Common Stock or any combination thereof, in each case subject to compliance with the terms of the Notes and receipt of all applicable TSXV approvals.
All principal amount, interest and applicable outstanding payments on the Notes may be converted into shares of Common Stock in accordance with the terms of the Notes, subject to receipt of all necessary approvals of the TSXV. A maximum of 19,842,083 Common Shares may be issued upon conversion of the principal amount of the Notes issued at the initial closing at a conversion price of US$0.529178304 (CAD$0.72) per share. The notes issued at the initial closing mature on December 7, 2027.
The Notes and Common Shares issuable upon conversion were issued outside Canada pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada and accordingly are not subject to any statutory hold period under Canadian securities laws.
Joseph Gunnar & Co., LLC is serving as the placement agent for the transaction. For the initial closing, the placement agent received an underwriting fee of $525,000, a capital markets advisory fee of $262,500 and 992,104 brokerage warrants (“Brokerage warrants“). Each brokerage warrant is exercisable into one Common Share at a price of US$0.529178304 (CAD$0.72) for a period of five years from the date of issuance of the Notes at the Initial Closing. The Notes issued at the Initial Closing are subject to final approval by the TSXV.
Additional information about the Arrangement can be found in the Company's press releases dated July 23, 2025 and November 3, 2025, available on SEDAR+ at www.sedarplus.ca.
For more information contact:
Media Contact:
Deven Soni
Director of the company
E-mail: [email protected]
Phone: 647-496-6282.
About Matador Technologies Inc.
Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on maintaining Bitcoin as a mainstream treasury asset and creating products to improve the Bitcoin network. Matador's strategy combines the strategic accumulation of Bitcoin, development of Bitcoin-based products and participation in digital asset infrastructure, with a focus on increasing long-term shareholder value while maintaining capital efficiency.
Matador recently proposed to expand its global presence by entering into an agreement to invest in HODL Systems, one of India's first digital asset treasury companies, securing an ownership stake of up to 24%. This investment strengthens Matador's position as a leading Bitcoin treasury company and underscores its commitment to the global adoption of Bitcoin as a reserve asset.
With a Bitcoin-first strategy and a clear focus on innovation, Matador is shaping the future of Bitcoin-based financial infrastructure.
Visit us online at https://www.matador.network/.
Cautionary Statement Regarding Forward-Looking Information
NEITHER THE TSX VENTURE EXchange NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. All statements that are not historical facts are forward-looking statements, including, without limitation: (i) statements regarding the expected benefits of the Facility; (ii) expectations regarding the timing and completion of subsequent drawdowns under the Credit Facility, if any, on the terms currently offered or at all; (iii) using the proceeds from the Credit Facility to purchase Bitcoins; (iv) the Company's ability to achieve its Bitcoin accumulation goals, including 1,000 BTC by 2026 or earlier; (vi) the Company's plans and timing for a potential listing on the NASDAQ or NYSE and delisting from the TSXV; (vii) the expected impact of listing on visibility, liquidity, access to capital and interest rate relief under the Credit Facility; and (viii) obtaining all applicable regulatory approvals, including final approval by the TSXV in respect of the Credit Facility and future drawdowns thereunder.
Forward-looking information is based on management's reasonable assumptions at the time such statements are made, including assumptions regarding market conditions, the price and availability of Bitcoin, regulatory and stock exchange approvals, and the Company's ability to execute its strategic plans and secure additional capital on acceptable terms.
Forward-looking statements are subject to various risks and uncertainties, including: fluctuations in Bitcoin price and trading volume; availability and conditions of financing; satisfaction of conditions associated with future drawdowns under the Credit Facility; the impact of potential penalties and payments under the Credit Facility on the Company's liquidity and future prospects; potential risks associated with the Company's event of default under the Loan and its potential consequences; regulatory risk; changes in the Company's business model or plans for its implementation; and the possibility that the Company will not receive final regulatory approval with respect to the Credit Facility or any individual drawdown or conversion thereunder, and the risks that the Company will not or will not be able to successfully list on a leading U.S. stock exchange. There can be no assurance that the Company will achieve its BTC accumulation goals, obtain any applicable regulatory approvals, complete any future tranches of the Facility, or achieve its broader strategic goals within the planned time frame or at all.
Forward-looking statements are provided to provide information about management's current expectations and plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
