Matador Technologies Inc. Announces Closing of Convertible Note Facility to Expand Bitcoin Holdings

About this update from Matador Technologies Inc.

[{"type":"text","content":"Matador Technologies Inc. Announces Closing of Convertible Note Facility to Expand Bitcoin Holdings\n\n\n\n TORONTO, Nov. 10, 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, is pleased to announce that it has closed the first tranche (the \"\n \n Initial Closing\n \n \") of its previously announced secured convertible note facility (the “\n \n Facility\n \n ”) with ATW Partners (the “\n \n Investor\n \n ”) pursuant to which it has issued convertible notes (\"\n \n Notes\n \n \") in the aggregate principal amount of USD$10,500,000.\n \n\n The Facility will be used exclusively to purchase Bitcoin for Matador’s balance sheet. An additional USD$89.5 million remains available under the Facility in follow-on drawdowns, subject to the receipt of all regulatory approvals and other specified conditions.\n \n\n This capital supports Matador’s long-term BTC plan, including:\n \n\n\n Acquiring up to 1,000 BTC by 2026\n \n\n Building to 6,000 BTC by 2027\n \n\n Pursuing a long-term objective of holding ~1% of Bitcoin’s total supply and ranking among the top 20 corporate holders globally\n \n\n\n\n The Notes issuable under the terms of the Facility bear interest at a rate of 8% per annum, which will scale down to 5% per annum following the delisting of Matador from the TSX Venture Exchange (the \"\n \n TSXV\n \n \") and the successful listing of Matador on the NASDAQ or NYSE (collectively, the \"\n \n Uplisting\n \n \"), and are subject to certain other fees as disclosed in Matador's press release dated November 3, 2025.\n \n\n The Company may opt to satisfy the interest owing under the Notes in cash, by adding it to the principal amount of the Notes, or by converting it into Common Shares, or any combination thereof, in each case subject to the terms and conditions of the Notes and the receipt of all applicable approvals of the TSXV.\n \n\n All principal, interest and applicable late charges owing under the Notes may be converted into Common Shares in accordance with the terms of the Notes, subject to the receipt of all requisite approvals of the TSXV. A maximum of 19,842,083 Common Shares are issuable upon conversion of the principal amount owni...

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