Matador Technologies Announces Approval of CAD $80 Million Base Shelf Prospectus to Support Strategic Bitcoin Accumulation

Executive Summary

• Matador Technologies obtained receipt for a CAD $80 million final short‑form base shelf prospectus from the Ontario Securities Commission, enabling issuance of equity, warrants, debt or units over a 25‑month period.
• The new capacity complements an existing USD $100 million secured convertible note facility and supports Matador’s goal to hold 1,000 bitcoin in treasury by end‑2026 (current holdings ≈175 btc).
• Management emphasizes that the shelf prospectus provides flexibility to acquire additional bitcoin or fund general corporate purposes as market conditions allow.

Key Details

• Shelf Prospectus Approval: Received receipt for a final short‑form base shelf prospectus authorizing up to CAD $80 million of securities (common shares, warrants, subscription receipts, debt securities, or units).
• Effective Period: 25 months from the date of receipt.
• Purpose & Use of Proceeds: Potentially for further bitcoin purchases to meet the 1,000‑btc target and for general corporate purposes; allocation will be at management’s discretion based on market conditions and regulatory considerations.
• Existing Financing: Recently closed a USD $100 million secured convertible note facility with ATW Partners, providing additional liquidity alongside the shelf prospectus.
• Treasury Status: Approximately 175 bitcoin (and equivalents) held as of Dec 22 2025; target of 1,000 bitcoin by end‑2026.
• Strategic Rationale: Enhances capital market agility, allowing Matador to act quickly on favorable pricing and liquidity opportunities to maximize Bitcoin per share (“BPS”).
• Management Commentary:
• Deven Soni (CEO): “Obtaining the receipt for our CAD $80 million base shelf prospectus is a critical step in maturing our capital structure… we remain focused on increasing Bitcoin per share over time.”
• Mark Moss (Chief Visionary Officer): Emphasized the need for flexibility to navigate bitcoin’s volatility and grow treasury holdings.

Notable Quotes

“Obtaining the receipt for our CAD $80 million base shelf prospectus is a critical step in maturing our capital structure… we remain focused on increasing Bitcoin per share over time and continue to target a treasury balance of 1,000 bitcoin by the end of 2026.” – Deven Soni, CEO

“Bitcoin is a volatile asset, and navigating its cycles requires a long‑term view and the ability to deploy capital in measured steps… this prospectus ensures that Matador is positioned to act decisively to grow our treasury.” – Mark Moss, Chief Visionary Officer