Business
Following Rochefort Financing, Metatek Becomes First Tech IPO on Toronto Stock Exchange Since 2021
Following Rochefort Financing, Metatek Becomes First Tech IPO on Toronto Stock Exchange Since 202...
About this update from Metatek-group Ltd.
[{"type":"text","content":"Following Rochefort Financing, Metatek Becomes First Tech IPO on Toronto Stock Exchange Since 2021\n\n\nFollowing Rochefort Financing, Metatek Becomes First Tech IPO on Toronto Stock Exchange Since 2021\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPR Newswire\n\n\nPALM BEACH, Fla., April 14, 2026 /PRNewswire/ -- Rochefort Asset Management (Rochefort), a U.S. national security-focused investment management firm licensed under the Office of Strategic Capital (OSC) of the U.S. Department of War, today announced the full repayment of its senior secured loan to Metatek-Group Ltd. (Metatek), a global leader in Full Tensor Gravity Gradiometry (FTG) services. Metatek began trading on the Toronto Stock Exchange (TSX: MTEK) on March 19, 2026, the first technology IPO on the TSX since 2021. Rochefort's loan was repaid in full shortly after closing, approximately 16 months from funding. Rochefort's funds continue to hold an equity position in Metatek.\n\n\n\n\n\n\n\nAdvanced Technology With Defense OriginsMetatek owns and operates gravity gradiometry equipment used in airborne subsurface mapping of hydrocarbons, minerals, geothermal energy, carbon sequestration sites, and other critical resources. The equipment is sourced from a defense prime contractor that originally developed the technology for weapons guidance systems, giving Metatek exclusive access to the most advanced commercially available instruments in the FTG market.Metatek's global operations leverage this proprietary instrumentation to deliver subsurface intelligence across a range of commercial and strategic applications. As the market leader in Full Tensor Gravity Gradiometry, Metatek operates where precision, coverage, and instrument quality are decisive competitive advantages.Rochefort's Structured Financing SolutionIn November 2024, Rochefort provided a senior secured loan to Metatek to support the acquisition of an additional latest-generation FTG instrument, and the aircraft required to operate it.Rochefort moved quickly to understand a distinctive business and globally distributed asset base, struct...