Matador Technologies Inc. Enters Binding LOI to Partner with Indian Digital Asset Product Strategy Firm

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[{"type":"text","content":"Matador Technologies Inc. Enters Binding LOI to Partner with Indian Digital Asset Product Strategy Firm \n\n\n\n TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“\n \n Matador\n \n ” or the “\n \n Company\n \n ”) (TSXV: MATA, OTCQB: MATAF) is pleased to announce that it has entered into a binding letter of intent (\"\n \n LOI\n \n \") to invest in a publicly traded Indian technology company, tentatively named HODL Systems (“\n \n HODL\n \n ”), that implements a treasury strategy which includes investing into digital assets.\n \n\n Under the terms of the LOI, Matador will commit to invest up to USD$3,200,000 (“\n \n Investment Amount\n \n ”) in a share warrant structure that would provide Matador up to 24.95% ownership stake in HODL, assuming full exercise of the warrants. This investment aligns with Matador’s strategy to increase its exposure to the global digital asset ecosystem.\n \n\n As part of the transaction, Matador also expects to enter into a licensing agreement with HODL in due course to distribute its proprietary digital gold product and other Ordinals technology in the Indian market. The agreement is intended to support Matador’s expansion into new markets within the digital asset sector. Both the LOI and the licensing agreement remain subject to the approval of the TSX Venture Exchange (the “\n \n Exchange\n \n ”), and the investment is subject to Exchange acceptance of the Change of Business.\n \n\n The first tranche of the aforesaid warrant investment is expected to close on or before July 10, 2025, subject to customary conditions and regulatory approvals.\n \n\n\n Key Highlights & Strategic Rationale\n \n\n\n\n\n Expansion into the Indian Market\n \n : India is a large and growing market for technology and digital assets. This investment allows Matador to establish a foothold in this dynamic region.\n \n\n\n Balance Sheet Strategy\n \n : HODL’s business model aligns with Matador’s broader investment thesis around the adoption of digital assets and the integration of decentralized financial assets.\n \n\n\n Licensing Agreement for Digital Gold & Ordinals Technology\n \n : By bringing its proprietary digital gold product and Ordinals technology to India through HODL, Matador aims to broaden...

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