Following Rochefort Financing, Metatek Becomes First Tech IPO on Toronto Stock Exchange Since 2021

• The most recent release (April 14, 2026) confirms Metatek has fully repaid its senior secured loan to Rochefort Asset Management.
• This repayment occurred approximately 16 months after initial funding and was funded by IPO proceeds raised in March 2026.
• The headline emphasizes Metatek as the first tech IPO on TSX since 2021, though trading commenced March 19/25, 2026.
• Rochefort Asset Management (Kyle Bass/Alex Lemond) maintains an equity position following debt repayment.
• Previous earnings release (March 31, 2026) showed record revenue of $23.7M (+99% YoY) but a net loss driven by non-cash convertible debenture revaluation charges ($23.2M).
• Adjusted EBITDA was positive at $9.2M with margins expanding to 39%.
• IPO raised C$35.0M gross proceeds, used primarily for debt repayment and milestone payments for new eFTG systems.

• The news confirms the execution of a previously announced capital deployment strategy (IPO proceeds used to pay down Rochefort loan).
• Removal of senior secured debt eliminates interest expense ($2.515M in FY2025) and refinancing risk, improving balance sheet stability.
• However, this is largely priced-in information as the IPO closing and use of proceeds were disclosed on March 18 and March 25, 2026.
• The confirmation validates the partnership with Rochefort (Kyle Bass), which provides a layer of institutional validation for the technology.
• No new revenue catalysts or contract wins are announced in this specific release; it is an administrative update on capital structure.
• The net loss reported in March remains a concern despite positive operating cash flow, driven by accounting revaluation rather than operational burn.

• Company: Metatek-Group Ltd. (TSX: MTEK).
• Flagship Technology: Fifth-generation Full Tensor Gravity Gradiometry (FTG) instruments sourced from defense prime contractors.
• Application: Airborne subsurface mapping for minerals, hydrocarbons, geothermal energy, and carbon sequestration.
• Operations: Specialized in high-resolution gravity data collection using proprietary aircraft and sensors.
• Development Status: Post-IPO expansion phase; fleet expansion funded by Rochefort loan and subsequent IPO proceeds.
• Royalty Structure: Not explicitly disclosed in provided news releases; standard industry practice suggests project-based contracts rather than royalty streams on production.