Regulatory
Matador Technologies Inc. Provides U.S. Listing and Leadership Update

MATA · Price
Executive Summary
- Matador Technologies confidentially submitted a draft Form 20‑F registration statement to the SEC as part of its plan to list on Nasdaq.
- The filing is a key step toward a U.S. listing but does not guarantee approval or set a timeline for effectiveness.
- President Sunny Ray has departed the company effective September 24, 2025; a successor search is underway.
Key Details
- Form 20‑F Submission: Confidential draft registration statement filed with the SEC to support a future Nasdaq listing.
- Listing Requirements: Effectiveness pending SEC review and Nasdaq’s acceptance of Matador’s application and compliance with initial listing standards.
- CEO Comment: “This step reflects Matador’s continued evolution and our intent to broaden access to global investors while staying true to our Bitcoin‑native treasury model.” – Deven Soni, CEO.
- Leadership Update: Sunny Ray, President, departed on September 24, 2025; the Board has initiated a search for a replacement and will provide an update later.
Notable Quotes
“We will proceed deliberately and transparently as we work through the U.S. regulatory and exchange processes.” – Deven Soni, CEO, Matador Technologies.
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