CORRECTION – Matador Technologies Inc. Announces Updated Terms of USD$100 Million Convertible Note Facility to Expand Bitcoin Holdings

Core Viewpoint - Matador Technologies Inc. has announced a significant financing move through an amended secured convertible note facility to enhance its Bitcoin accumulation strategy, aiming to acquire up to 1,000 BTC by 2026 and ultimately hold approximately 1% of Bitcoin's total supply [2][4][5] Financing Details - The amended facility allows Matador to issue convertible notes totaling up to USD$100 million, with an initial tranche of USD$10.5 million [3][5] - The facility is exclusively designated for purchasing Bitcoin, with additional drawdowns available subject to regulatory approvals [3][5] - The investor, ATW Partners, can require the issuance of additional notes totaling up to USD$75 million, with a 5% commitment fee payable in cash [3][5] Strategic Objectives - The financing is part of Matador's long-term strategy to increase Bitcoin per share and reflects sustained institutional interest in its approach [4][5] - The company aims to build its Bitcoin holdings to 6,000 BTC by 2027 and rank among the top 20 corporate holders globally [5] Interest and Conversion Terms - The notes will bear an interest rate of 8% per annum, reducing to 5% after uplisting to NASDAQ or NYSE, with a potential increase to 18% in case of default [6][15] - The principal and interest can be converted into common shares, with a maximum of 19,842,083 shares issuable upon conversion [10][15] Institutional Partnership - ATW Partners is identified as a leading U.S.-based institutional investor focused on innovative growth-stage financing, enhancing Matador's capital structure [5][19] Recent Developments - Matador has proposed to invest in HODL Systems, securing up to a 24% ownership stake, which strengthens its position as a Bitcoin treasury company [19]