Matador Technologies Inc. Announces At-The-Market Equity Program to Support Strategic Bitcoin Accumulation

Executive Summary

• Matador Technologies entered into an equity distribution agreement with ATB Cormark Capital Markets to sell up to C$30 million of common shares on a flexible “at‑the‑market” (ATM) basis.
• Proceeds will be used to accelerate Bitcoin treasury accumulation (target 1,000 BTC by end‑2026), fund the strategic investment in HODL Systems, repay existing indebtedness, pursue future acquisitions and support general working capital.
• The ATM program runs at the Company’s discretion until either January 22 2028 or the C$30 million cap is reached, providing a material financing tool aligned with Bitcoin market conditions.

Key Details

• Equity Distribution Agreement: Signed with ATB Cormark Capital Markets (the “Agent”).
• Program Size: Up to C$30 million aggregate gross proceeds from common share sales.
• Structure: At‑the‑market (ATM) offerings; shares sold at prevailing market price on a discretionary basis.
• Termination: Either January 22 2028 or when cumulative gross proceeds reach C$30 million, whichever occurs first.
• Use of Proceeds:
• Accumulate Bitcoin treasury assets toward a 1,000‑BTC target by end‑2026.
• Fund strategic investment in HODL Systems (up to ~24% ownership).
• Repay existing indebtedness under the amended secured convertible note facility.
• Finance future acquisitions.
• General working capital.
• Regulatory Filings: Sales will be made pursuant to a prospectus supplement dated February 3 2026 and the Company’s short‑form base shelf prospectuses (Quebec & territories – Jan 28 2026; other provinces – amended/restated Dec 22 2025).
• Waiver & Amendment: Obtained from ATW Partners for the convertible note facility to permit the ATM program, waive late charges on a January 2026 interest payment, and modify the “Alternate Conversion Price” calculation.
• Full Discretion Clause: The Company is not obligated to make any sales; it may suspend or terminate the agreement at its sole discretion.

Notable Quotes

“To accumulate significant treasury assets, we must be able to act decisively when market conditions are most favorable,” – Mark Moss, Chief Visionary Officer.

“This program enhances our operational efficiency, allowing us to execute on our asset accumulation strategy with greater speed and responsiveness to market dynamics,” – Deven Soni, Chief Executive Officer.