Matador Technologies Provides Corporate Update and Reports Approximately 168 Bitcoin Held

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Article contentOn December 22, 2025, the Ontario Securities Commission issued a final receipt for the Company’s C$80 million short form base shelf prospectus, which is effective for 25 months from that date. On February 3, 2026, the Company established an at the market equity program (the “ATM Program”) pursuant to an equity distribution agreement with ATB Cormark Capital Markets, permitting the Company to offer and sell common shares for aggregate gross proceeds of up to C$30 million at prevailing market prices on the TSX Venture Exchange (the “Exchange”). From the commencement of the ATM Program on February 4, 2026 to October 1, 2026:Article contentCommon shares issued: 49,054,400Weighted average price per share: $0.0478Aggregate gross proceeds: $2,343,564.35Net proceeds: $2,233,171.24Article contentNet proceeds from the ATM Program have been used for the purchase of Bitcoin, in support of the Company’s Bitcoin yield generation strategy, and for general working capital contentThe Facility has been amended twice during the period. A waiver and amendment agreement dated February 3, 2026 permitted the ATM Program under the terms of the Facility. Amendment No. 2, announced on August 17, 2026, introduced an alternative definition of a permitted at the market offering which, prior to any listing on a US senior exchange, removes the aggregate proceeds cap, pricing floor and daily volume limitations that previously applied to at the market issuances conducted under the Company’s Canadian shelf prospectus documents. In exchange, an amount equal to 10 percent of the net proceeds of each qualifying sale is applied to the purchase of Bitcoin, which is deposited as additional collateral under the contentAdvertisement 3Story continues belowThis advertisement has not loaded yet, but your article continues contentProposed Preferred Share ClassArticle contentAs announced by the Company on August 28, 2026, the Exchange conditionally accepted, on August 25, 2026, a proposed amendment to the Company’s articles to create a new class of an unlimited number of preferred shares (the “Preferred Shares”). The amendment is presented to shareholders as Resolution #5 in the Company’s management information circular, and shareholder approval will be requested at the annual general and special meeting of shareholders to be held on October 14, 2026. The amendment remains subject to that approval and to final acceptance by the contentThe Company has no current plans to issue Preferred Shares. Certain larger Bitcoin treasury companies, including Strategy Inc. (NASDAQ: MSTR), have used preferred equity as part of their capital structures, and the Company considers it prudent to have that option available. Because an amendment to the Company’s articles requires shareholder approval, which is ordinarily sought at the Company’s annual meeting, the Company will request that approval at the October 14, 2026 meeting so that the board of directors will have the flexibility to consider preferred equity in the future, should circumstances warrant, without waiting for a subsequent annual meeting. Any future issuance of Preferred Shares would require the approval of the board of directors and specific approval of the contentAdvertisement 4Story continues belowThis advertisement has not loaded yet, but your article continues contentCost Optimization and Operating EfficiencyArticle contentSince the beginning of fiscal 2026, the Company has reviewed its operating cost structure and implemented several measures to reduce costs and improve efficiency. The Company has restructured its executive and consulting agreements and terminated certain consulting engagements that were no longer considered necessary. The Company has also adopted artificial intelligence based tools internally to automate certain tasks and to perform work that was previously carried out by external advisors, allowing more of its finance, reporting and administrative functions to be completed internally on a more efficient contentAs a result of these measures, management estimates that the Company’s cash operating expenditures currently average approximately C$125,000 per month. This figure is an unaudited management estimate, is not a measure recognized under IFRS, and may vary from month to month, including as a result of non-recurring professional fees and costs associated with the Company’s financing activities. By comparison, net cash used in operating activities for the fiscal year ended October 31, 2025, as reported in the Company’s audited annual financial statements, was C$5,337,072, or an average of approximately C$445,000 per month. Expenditures in that period reflected the cost of establishing Matador as a public issuer and building the capital markets framework now available to it, including the reverse takeover completed on December 9, 2024, the Company’s change of business to a hybrid issuer and the professional work required to put its shelf prospectus and equity distribution arrangements in place. The Company continues to review its cost structure on a continuous basis and to look for further opportunities to operate more leanly, with the objective of reducing average monthly cash operating expenditures to approximately C$100,000. Management intends to continue optimizing the Company’s cost base beyond the reductions achieved to date, although there can be no assurance as to the amount or timing of any further reductions. Management’s objective is a lean, low cost treasury company with a durable long term business model that is better positioned to maintain its Bitcoin position through periods of price 2This advertisement has not loaded yet.

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Article contentBitcoin Yield Generation and GODL, a Gold Asset Treasury CompanyArticle contentMatador conducts a Bitcoin yield generation strategy in collaboration with Galaxy Digital Holdings Ltd. (“Galaxy”) pursuant to an ISDA Agreement, principally through the systematic execution of covered calls, alongside other supplementary options and yield generation strategies facilitated by Galaxy. Premium income from the strategy is not dependent on an increase in the price of Bitcoin, although Bitcoin allocated to the strategy remains exposed to price movements and may be called away at strike prices below prevailing market prices. Premium income varies with market conditions, and there can be no assurance as to the amount of premium income in any future contentGODL is being organized as a pure-play gold treasury company. GODL intends to acquire physical gold and gold-backed tokens and to measure its progress principally by reference to gold ounces per share (“GOPS”), being gold ounces held divided by fully diluted shares outstanding. GODL also intends to pursue a gold yield strategy, principally through specialist gold leasing, the writing of covered calls and, as that market develops, the lending of tokenized gold, with the objective of generating a positive net yield after costs that would be reinvested in additional gold in order to increase GOPS over time. There can be no assurance that GODL will generate a positive net yield in any contentAdvertisement 5Story continues belowThis advertisement has not loaded yet, but your article continues contentMatador has developed technology for the tokenization of gold and intends to monetize that technology by licensing it to GODL. Matador and GODL have negotiated a form of licence agreement (the “Licence”) under which GODL would be permitted to use Matador’s gold tokenization intellectual property to create, issue and manage tokenized gold products. The Licence has not been executed and its terms remain subject to contentUnder the arrangement as currently contemplated, Matador would receive a combination of cash consideration and common shares of GODL in connection with the closing of GODL’s first financing. Any shares received would be held by Matador and reflected in its net asset value, subject to the valuation and liquidity limitations that apply to a holding in a private company. The final terms, including the amount and form of consideration payable to Matador, may differ from those currently contemplated. The Licence and the transactions contemplated by it remain subject to Exchange approval and other regulatory requirements, and there can be no assurance that they will be completed or as to the value of any consideration Matador may contentAdvertisement 6Story continues belowThis advertisement has not loaded yet, but your article continues contentThe corporate structure by which GODL is established and taken public, and GODL’s legal name, remain under consideration and are subject to tax, regulatory and other considerations. Matador’s intention is to monetize its gold tokenization technology through this arrangement, which reflects the Company’s plans as at the date of this news release. The structure ultimately implemented may differ from the arrangement currently contemplated. In any structure, Matador intends that the value created through the monetization of its gold tokenization technology accrue to Matador shareholders. That value may be retained by Matador and reflected in its net asset value, or delivered to shareholders directly, including by way of a dividend or other distribution of securities. The manner and timing of any distribution to shareholders have not been determined and would be subject to the receipt of any required regulatory, Exchange and shareholder approvals. There can be no assurance that any distribution will be contentGODL is also planning an equity financing and a subsequent public listing on a Canadian stock exchange. The structure, size, pricing and timing of any such financing and listing have not been determined and would remain subject to market conditions, the receipt of regulatory, exchange and shareholder approvals and the satisfaction of other conditions. There can be no assurance that GODL will complete a financing or obtain a listing on the terms contemplated, within the timeframe contemplated, or at all. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of 3This advertisement has not loaded yet.

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Article contentHybrid Issuer StatusArticle contentMatador is classified by the Exchange as a hybrid technology and investment issuer, which permits the Company to make investments in addition to carrying on its technology activities. Under its investment policy, the Company may invest in any industry, with a focus on the Bitcoin, cryptocurrency and precious metals sectors. Potential investments may include digital assets, securities of public and private companies, precious metals, credit products, derivatives, exchange traded funds and other financial instruments, subject to the restrictions in that policy. Bitcoin remains the Company’s primary treasury asset and the principal focus of its capital contentLeadershipArticle contentGeoff St. Clair, who had served as Vice President, Finance since the Company’s inception, was appointed Chief Financial Officer effective March 26, 2026. Effective July 16, 2026, Donato Sferra, a co-founder and director of the Company, was appointed Chief Executive Officer, and Deven Soni was appointed Executive contentOutlookArticle contentManagement believes that Bitcoin has the potential to serve as a long term store of value and reserve asset, and that its role within the global financial system will continue to develop. Matador is intended to provide investors with a publicly listed vehicle through which to obtain exposure to Bitcoin, with that exposure amplified by the Company’s capital structure and supplemented by its yield generation activities. Management intends to pair that exposure with a lean, low cost operating structure, with the objective of building a durable long term business that can maintain its Bitcoin position through periods of price volatility. These are management’s views and are not a prediction of future Bitcoin prices or a guarantee of the Company’s performance. The price of Bitcoin has historically been highly volatile, and an investment in the Company carries risks that differ from, and may be greater than, those of holding Bitcoin contentAdvertisement 7Story continues belowThis advertisement has not loaded yet, but your article continues contentDonato Sferra, Chief Executive Officer of Matador, commented: “Matador’s capital structure reflects a clear view on Bitcoin, and we are open about the fact that it works in both directions. Over the past year we have put the tools in place to add Bitcoin when our cost of capital allows it, and we have brought the cost of running the Company down to a level that matches the business we are today. We are pleased with that progress, and we believe it leaves Matador in a stronger position to pursue future opportunities while remaining disciplined in how we deploy capital.”Article contentMatador intends to remain focused on the priorities described in this news release: holding Bitcoin as its primary treasury asset, using its capital markets tools when management considers doing so accretive to Bitcoin held per share, generating premium income through its yield generation strategy, maintaining a reduced operating cost base, and advancing the licensing of its gold tokenization technology to GODL. Each of these activities remains subject to market conditions and, where applicable, to regulatory, Exchange and shareholder approvals, and there can be no assurance as to the outcome or timing of any of them. The Company expects to provide further updates as developments contentAdvertisement 8Story continues belowThis advertisement has not loaded yet, but your article continues contentMedia