Matador Technologies Announces Initial USD$10.5M Draw Under USD$100M Convertible Note Facility, Underscoring Strength and Execution in the Digital-Asset Market

Executive Summary

• Matador Technologies closed a previously disclosed USD $100 million secured convertible note facility with ATW Partners and executed the first drawdown to purchase 92 bitcoin for CAD $13.2 million (USD $9.5 million).
• The acquisition more than doubled Matroid’s Bitcoin holdings to approximately 175 bitcoin (and equivalents), reinforcing its treasury‑first strategy.
• An amended and restated preliminary short‑form base shelf prospectus for up to CAD $500 million was filed, providing future capital‑raising flexibility.

Key Details

• Facility Size & Structure: USD $100 million secured convertible note facility; notes are convertible at a later date under terms disclosed in the original financing announcement.
• Drawdown Amount: CAD $13.2 million (USD $9.5 million) used to acquire 92 bitcoin.
• Purchase Price: Average USD $102,752 per bitcoin, inclusive of fees and expenses.
• Counterparties: Bitcoin purchased through Netcoins (owned by BIGG Digital Assets Inc.) and FalconX; custody secured with BitGo Trust Company, Inc.
• Resulting Holdings: Total Bitcoin holdings increased from ~82 to ~175 bitcoin (and equivalents), more than a 100 % increase.
• Use of Proceeds Restriction: Facility proceeds are expressly restricted to purchasing Bitcoin for Matador’s balance sheet.
• Regulatory Condition: Closing subject to final approval by the TSX Venture Exchange.
• Prospectus Filing: Amended and restated preliminary short‑form base shelf prospectus filed on Oct 8 2025 for up to CAD $500 million, pending regulatory approvals, to expand capital‑markets programs.
• Strategic Rationale (CEO Quote): “Completing a $100 million financing and deploying it into Bitcoin… speaks to both our conviction and our ability to get things done.” – Deven Soni, CEO.
• Visionary Officer Quote: “Matador has more than doubled its holdings… reflects our ongoing commitment to disciplined, long‑term Bitcoin accumulation.” – Mark Moss, Chief Visionary Officer.

Notable Quotes

• “This financing reinforces Matador’s position as an active participant in the Bitcoin treasury landscape.” – Deven Soni, CEO
• “Matador has more than doubled its holdings from 82 bitcoin and Bitcoin equivalents to 175 bitcoin and Bitcoin equivalents.” – Mark Moss, Chief Visionary Officer