Expa ded Equity Capacity: Ame dme t No. 2 i t oduces a alte ative pe mitted at the ma ket f amewo k u de the Compa y’s US$100 millio secu ed co ve tible ote facility with a US based i stitutio al i vesto .Co t actual Bitcoi Allocatio : A amou t equal to 10 pe ce t of the et p oceeds of eve y qualifyi g sale of commo sha es will be applied to pu chase Bitcoi , deposited as additio al Bitcoi collate al withi five busi ess days followi g the e d of the cale da mo th i which the sale settled.App oval a d Ratificatio : The Ame dme t has eceived the co ditio al app oval of the TSX Ve tu e Excha ge. All othe te ms of the secu ities pu chase ag eeme t a d the elated t a sactio docume ts emai i full fo ce a d effect.
The Ame dme t ame ds the defi itio of “Pe mitted ATM” i the SPA, which gove s whe the Compa y may co duct a at the ma ket offe i g of its commo sha es while Notes emai outsta di g. P io to the Ame dme t, such a offe i g was pe mitted whe e the sale p ice of commo sha es exceeded the g eate of 150 pe ce t of the highest co ve sio p ice the i effect i espect of a y outsta di g Notes a d US$1.00 pe sha e, the agg egate pu chase p ice fo sales the eu de did ot exceed US$10 millio , a d the volume of commo sha es issued ep ese ted less tha 5 pe ce t of the t adi g volume of the commo sha es o a y t adi g day. Those co ditio s emai available to the Compa y a d a e u cha ged by the Ame dme t.
The Ame dme t adds a seco d a d alte ative basis o which a at the ma ket offe i g will qualify as a Pe mitted ATM. Solely p io to the date o which the Compa y completes a uplisti g of its commo sha es to a se io U ited States stock excha ge, a offe i g will qualify whe e (i) it is effected pu sua t to a base shelf p ospectus, p ospectus suppleme t o simila p ospectus based offe i g docume t filed with the applicable secu ities egulato y autho ities i o e o mo e p ovi ces o te ito ies of Ca ada o ly, a d (ii) a amou t equal to 10 pe ce t of the et p oceeds of each sale of commo sha es the eu de , afte deductio of age ts’ commissio s a d fees payable i espect of such sale, is applied by the Compa y to pu chase Bitcoi . The e is o limit o the agg egate g oss p oceeds that may be aised u de this alte ative, a d o est ictio o the umbe of successive o co cu e t at the ma ket offe i gs o dist ibutio ag eeme ts that may be effected, fo so lo g as a y Notes emai outsta di g.
Bitcoi pu chased with those p oceeds will be deposited i to the fully co t olled accou t mai tai ed u de the secu ity ag eeme t e te ed i to i co ectio with the Facility, as additio al Bitcoi collate al, withi five busi ess days followi g the e d of the cale da mo th i which the eleva t sale settled. Such Bitcoi will co stitute co t ol collate al fo all pu poses of the t a sactio docume ts a d will be subject to the elease p ovisio s of the secu ity ag eeme t o the same basis as all othe co t ol collate al. The Ame dme t fu the equi es the Compa y, upo w itte equest f om the I vesto , to delive withi five busi ess days a otice setti g out the et p oceeds of all pe mitted at the ma ket t a sactio s completed du i g the cale da mo th specified, the pu chase p ice a d umbe of u its of Bitcoi acqui ed with those p oceeds, a d co fi matio of the deposit of that Bitcoi as additio al Bitcoi collate al.
Except fo the ame dme ts desc ibed above, all p ovisio s of the SPA a d the othe t a sactio docume ts emai i full fo ce a d effect. The Ame dme t has eceived the co ditio al app oval of the TSX Ve tu e Excha ge, a d a copy of the Ame dme t will be filed u de the Compa y’s p ofile o SEDAR+ at www.seda plus.ca.
The Compa y’s at the ma ket equity p og am (the “
Matado ‘s t easu y st ategy is built o egula a d p og ammatic accumulatio of Bitcoi athe tha episodic pu chasi g, a d the Ame dme t embeds that discipli e i the Compa y’s fi a ci g a a geme ts. Fo so lo g as the Compa y elies o the alte ative desc ibed above, a fixed 10 pe ce t of the et p oceeds of eve y qualifyi g sale of commo sha es is co t actually committed to the pu chase of Bitcoi , o a mo thly settleme t cycle, i espective of the p evaili g p ice of Bitcoi . That allocatio is a co t actual mi imum applied to qualifyi g p oceeds a d is ot a ceili g o the Compa y’s Bitcoi pu chasi g.
Take togethe with the C$80 millio base shelf p ospectus a d the C$30 millio ATM P og am, the Facility affo ds Matado a b oade fu di g f amewo k with which to accumulate Bitcoi i a cost efficie t ma e a d ma age its cost of capital th ough discipli ed, ma ket espo sive issua ce. Matado may, f om time to time, allocate available capital towa d Bitcoi pu chases o othe co po ate pu poses, depe di g o ma ket co ditio s, egulato y equi eme ts, the Compa y’s fi a cial positio a d othe facto s. Othe tha the co t actual allocatio desc ibed i this ews elease, the e ca be o assu a ce as to the amou t o timi g of a y futu e Bitcoi pu chases o othe capital allocatio decisio s.
Do ato Sfe aChief Executive Office Email:
Matado Tech ologies I c. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly t aded Bitcoi ecosystem compa y focused o holdi g Bitcoi as its p ima y t easu y asset a d buildi g p oducts to e ha ce the Bitcoi etwo k. Matado ‘s st ategy combi es st ategic Bitcoi accumulatio , Bitcoi ative p oduct developme t, a d digital asset t easu y ma ageme t, with active pa ticipatio ac oss blockchai a d digital assets i f ast uctu e, all with a focus o discipli ed capital allocatio a d cost efficie t t easu y ma ageme t.
Matado has ece tly p oposed to expa d its global footp i t by e te i g i to a ag eeme t to i vest i HODL Systems, o e of I dia’s fi st digital asset t easu y compa ies, secu i g up to a 24% ow e ship stake. This i vestme t st e gthe s Matado ‘s positio as a leadi g Bitcoi t easu y compa y a d u de sco es its commitme t to the wo ldwide adoptio of Bitcoi as a ese ve asset.
With a Bitcoi fi st st ategy, a d a clea focus o i ovatio , Matado is shapi g the futu e of fi a cial i f ast uctu e o Bitcoi .
Visit us o li e at https://www.matado . etwo k/
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This ews elease does ot co stitute a offe to sell o the solicitatio of a offe to buy a y secu ities i a y ju isdictio .
This ews elease co tai s “fo wa d looki g i fo matio ” withi the mea i g of applicable Ca adia secu ities laws. All stateme ts that a e ot histo ical facts a e fo wa d looki g stateme ts, i cludi g, without limitatio : (i) the Compa y’s i te ded utilizatio of at the ma ket offe i gs u de the ame ded Pe mitted ATM f amewo k, i cludi g the timi g, amou t a d p ici g of a y sales the eu de a d the establishme t of a y successive o co cu e t at the ma ket offe i gs o dist ibutio ag eeme ts; (ii) the applicatio of a amou t equal to 10 pe ce t of the et p oceeds of qualifyi g sales to the pu chase of Bitcoi a d the deposit of such Bitcoi as additio al Bitcoi collate al u de the Facility; (iii) the co ti ued impleme tatio of the Compa y’s t easu y ma ageme t st ategy; a d (iv) the pe fo ma ce of the Compa y’s Bitcoi accumulatio a d yield ge e atio st ategy.
Fo wa d looki g i fo matio is based o ma ageme t’s easo able assumptio s at the time such stateme ts a e made, i cludi g assumptio s ega di g: the Compa y’s co ti ued complia ce with the cove a ts of the Facility; the co ti ued effective ess of the C$80 millio base shelf p ospectus th ough the 25 mo th pe iod comme ci g Decembe 22, 2025; the Compa y’s co ti ued complia ce with the te ms of the equity dist ibutio ag eeme t with ATB Co ma k Capital Ma kets; p evaili g ma ket p ices o the TSX Ve tu e Excha ge suppo ti g disc etio a y issua ces at acceptable levels; the p ice a d liquidity of Bitcoi suppo ti g the Compa y’s pla ed acquisitio s; a d the p ospective atu e of Bitcoi accumulatio .
Fo wa d looki g stateme ts a e subject to va ious isks a d u ce tai ties, ce tai of which a e beyo d the co t ol of the Compa y, i cludi g: pote tial isks associated with the Compa y committi g a eve t of default u de the Facility a d the pote tial implicatio s the eof, i cludi g the exe cise of emedies by the I vesto ; dilutio to existi g sha eholde s esulti g f om the co ve sio of Notes o f om issua ces u de the ATM P og am; the isk that the alte ative Pe mitted ATM f amewo k ceases to be available upo a uplisti g to a se io U ited States stock excha ge; expectatio s elati g to the timi g a d completio of sales u de the ATM P og am, if a y, upo te ms as p ese tly p oposed o at all, a d the isk that ma ket co ditio s, egulato y developme ts, o othe facto s may limit the Compa y’s ability o willi g ess to issue secu ities u de the ATM P og am o the base shelf p ospectus; the use of p oceeds aised pu sua t to the ATM P og am, if a y; fluctuatio s i Bitcoi p ice a d t adi g volume; custody a d secu ity isks elated to digital assets, i cludi g isks associated with Bitcoi held as collate al i a co t olled accou t; evolvi g Ca adia , U ited States, a d i te atio al egulato y t eatme t of Bitcoi a d digital asset t easu y compa ies; co ce t atio isk associated with holdi g Bitcoi as the Compa y’s p ima y t easu y asset; a d the isk that the Compa y does ot accumulate Bitcoi at the ate o i the amou ts co templated.
Fo wa d looki g stateme ts a e p ovided to offe i fo matio about ma ageme t’s cu e t expectatio s a d pla s a d may ot be app op iate fo othe pu poses. Reade s a e cautio ed that the assumptio s used i the p epa atio of such i fo matio , although co side ed easo able at the time of p epa atio , may p ove to be imp ecise a d, as such, u due elia ce should ot be placed o fo wa d looki g stateme ts. Except as equi ed by applicable secu ities law, the Compa y assumes o obligatio to update o evise a y fo wa d looki g i fo matio to eflect ew eve ts o ci cumsta ces.
