Matador amends US$100 million convertible note facility to expand permitted at-the-market equity sales

Reuters2026/08/17 20:30

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Matador amended its US$100 million secured convertible note facility with a US institutional investor affiliate.
Amendment adds an alternative framework for at-the-market share sales while Notes remain outstanding.
Requires 10% of net proceeds from each qualifying share sale to buy Bitcoin.
Bitcoin must be deposited as additional collateral within five business days after month-end settlement.
Change removes prior US$10 million cap under the facility for qualifying ATM sales, ahead of any US senior exchange uplisting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Technologies Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608171630ACCESSWRNAPR_____1208413) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Matador amends US$100 million convertible note facility to expand permitted at-the-market equity sales

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