Matador Announces Intention to Spinout its Gold Treasury Platform, GODL Corp., into a Public Company

Executive Summary

• Matador Technologies Inc. announced its intention to spin out its wholly‑owned subsidiary GODL Corp., creating an independent gold‑treasury and tokenization company.
• The spin‑out is conditional on TSX Venture Exchange approval, shareholder consent and other regulatory requirements; GODL will subsequently seek equity financing and a public listing in Canada.
• The transaction aims to separate Matador’s Bitcoin ecosystem activities from the new gold‑focused vehicle, potentially unlocking distinct valuations for each business and offering shareholders exposure to a yield‑generating gold investment platform.

Key Details

• Spin‑out Structure: GODL will be separated from Matador; currently has no assets but will adopt a “100 % of capital (net of operating costs) into physical gold and tokenized gold” mandate.
• Licensing Agreement: GODL plans to license Matador’s tokenization technology for its operations.
• Financing Plans: Post‑spin‑out, GODL intends to raise equity capital via at‑the‑market offerings and convertible debt when market cap exceeds net asset value (NAV) by >1×; proceeds will be used to acquire additional gold assets.
• Yield Overlay Strategy: Targeting an annual yield on assets under management through traditional and tokenized gold strategies, with net income intended for further gold purchases.
• Shareholder Benefits Highlighted: Potential premium pricing relative to NAV, limited dilution, and exposure to a growing tokenized‑gold market (≈ US$5 bn today).
• Regulatory & Approval Conditions: Completion subject to TSX Venture Exchange approval, shareholder vote, satisfactory due diligence, and market conditions.
• Management Transition: GODL will establish its own management team and advisory board; incoming CEO is Donato Sferra.
• Strategic Rationale: Separation intended to eliminate conglomerate drag, allow independent valuation of Bitcoin‑focused and gold‑treasury businesses, and capitalize on record high gold prices and tokenization trends.

Notable Quotes

“Building on Matador's growing presence in the Bitcoin ecosystem… we’re excited to launch GODL as a gold investment vehicle focused on generating yield from gold holdings and tokenization opportunities.” – Deven Soni, CEO, Matador Technologies Inc.

“GODL is an innovative gold investment platform, focusing on increasing gold ounces per share through active capital strategies…” – Donato Sferra, Incoming CEO, GODL Corp.