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CORRECTION - Matador Technologies Inc. Announces Updated Terms of USD$100 Million Convertible Note Facility to Expand Bitcoin Holdings
Key Highlights Strategic Capitalization : Matador has amended the terms of its previo...
About this update from Matador Technologies Inc.
[{"type":"text","content":"CORRECTION – Matador Technologies Inc. Announces Updated Terms of USD$100 Million Convertible Note Facility to Expand Bitcoin Holdings\n\n\n\n\n Key Highlights\n \n\n\n\n\n Strategic Capitalization\n \n : Matador has amended the terms of its previously announced USD$100 million convertible note facility with ATW Partners, with an initial USD$10.5 million tranche signed.\n \n\n\n\n\n\n Exclusive Use of Proceeds\n \n : Capital will be used solely to purchase Bitcoin to drive Bitcoin-per-share (BPS) growth.\n \n\n\n\n\n\n Institutional Partnership\n \n : ATW is a leading U.S.-based institutional investor focused on innovative growth-stage financing.\n \n\n\n\n\n Scalable Structure\n \n : Convertible note structure allows for equity-aligned funding without immediate dilution, with conversions based on prevailing market prices.\n \n\n\n\n TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“\n \n Matador\n \n ” or the “\n \n Company\n \n ”), the Bitcoin Ecosystem Company, announces that following a staff review by the Ontario Securities Commission of its press release dated November 3, 2025, the Company is issuing corrective disclosure. Specifically, Matador has removed references to:\n \n\n\n “Building to 6,000 BTC by 2027”; and\n \n\n\n\n “Pursuing a long-term objective of holding approximately 1% of Bitcoin’s total supply and ranking among the top 20 corporate holders globally.”\n \n\n\n\n\n Amended Facility\n \n\n\n\n The Company is pleased to announce that it has entered into an amended secured convertible note facility (the “\n \n Facility\n \n ”) with ATW Partners (the “\n \n Investor\n \n ”) dated as of November 3, 2025 (the “\n \n Amended Agreement\n \n ”), pursuant to which the Company may issue convertible notes (“\n \n Notes\n \n ”) in the aggregate principal amount of up to USD$100,000,000. The Amended Agreement amends certain terms and conditions of the previous agreement governing the proposed Facility which was entered into between the Company and the Investor dated July 22, 2025.\n \n\n The Facility will be used exclusively to purchase Bitcoin for Matador’s balance sheet. The initial tranche under the Facility totals USD$10.5 million (...