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 previously announced USD$100 million convertible note facility with ATW Partners, with an initial USD$10.5 million tranche signed.
  

• Exclusive Use of Proceeds: Capital will be used solely to purchase Bitcoin to drive Bitcoin-per-share (BPS) growth.
  

• Institutional Partnership: ATW is a leading U.S.-based institutional investor focused on innovative growth-stage financing.

• Scalable Structure: Convertible note structure allows for equity-aligned funding without immediate dilution, with conversions based on prevailing market prices.
  

TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) (“Matador” or the “Company”), 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:

• “Building to 6,000 BTC by 2027”; and

• “Pursuing a long-term objective of holding approximately 1% of Bitcoin’s total supply and ranking among the top 20 corporate holders globally.”

Amended Facility

The Company is pleased to announce that it has entered into an amended secured convertible note facility (the “Facility”) with ATW Partners (the “Investor”) dated as of November 3, 2025 (the “Amended Agreement”), pursuant to which the Company may issue convertible notes (“Notes”) 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.

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 (the “Initial Closing”), with an additional USD$89.5 million available in follow-on drawdowns, subject to the receipt of all regulatory approvals and other specified conditions including the execution of a registration rights agreement with the Investor. The Investor can require the Company to issue additional Notes in the aggregate principal amount of up to USD$46,250,000 prior to the Uplisting (as defined below), plus up to an additional USD$28,750,000 (for an aggregate of USD$75,000,000) following the Uplisting, without further approvals of the Company, all subject to the terms of the Notes. All other additional closings shall be as mutually agreed upon by the Company and the Investor. The Company shall pay the Investor in cash a commitment fee equal to 5% of the applicable purchase price of all Notes sold (the “Commitment Fee”).