Matador Technologies Files Quarterly ATM Program Report Detailing $1.1 Million in Gross Proceeds and $2.3 Million Raised Since Program Inception
Summary: Matador generated gross proceeds of approximately $1.1 million under its ATM Program during the reporting period ended July 31, 2026, bringing aggregate gross proceeds since the program commenced to approximately $2.3 million. Capital deployment via the ATM Program continues to support Bitcoin acquisition and, on a parallel basis, the Company’s Bitcoin yield generation strategy conducted in collaboration with Galaxy.
TORONTO, Aug. 13, 2026 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“ Matador ” or the “ Company “) (TSXV:MATA)(OTCQB:MATAF)(FSE:IU3), the Bitcoin Ecosystem Company, today announced the filing of its quarterly report on activity under its at the market equity program (the “ ATM Program “) for the reporting period from May 1, 2026 to July 31, 2026. All dollar figures in this news release are stated in Canadian dollars unless otherwise indicated.
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Over the reporting period, the Company issued an aggregate of 18,102,400 common shares under the ATM Program at an average issue price of $0.0398 per share, producing gross proceeds of $1,068,515.58. Following agent commissions of $26,712.89, net proceeds to the Company for the period were $1,041,802.69. No new insider or control person was created as a result of issuances under the ATM Program during the reporting period.
Since the ATM Program commenced on February 4, 2026, the Company has issued a cumulative total of 33,510,400 common shares at a weighted average issue price of $0.0678 per share, generating aggregate gross proceeds of $2,270,639.27. Cumulative agent commissions total $56,765.98 and cumulative net proceeds to the Company total $2,213,873.29. Aggregate gross proceeds raised to date represent approximately 7.6 percent of the C$30 million maximum available under the ATM Program, leaving approximately $27.7 million of unutilized capacity.
The ATM Program was established pursuant to an equity distribution agreement with ATB Cormark Capital Markets (the “Agent”) announced on February 3, 2026. The ATM Program permits the Company to offer and sell common shares for aggregate gross proceeds of up to C$30 million, with sales effected at prevailing market prices on the TSX Venture Exchange. The Company retains complete discretion over the timing and volume of any sales made under the ATM Program.
Net proceeds raised under the ATM Program are applied in furtherance of the Company’s Bitcoin treasury strategy. Capital deployment via the ATM Program supports Bitcoin acquisition and, as a separate and independent use, the Company’s Bitcoin yield generation strategy conducted in collaboration with Galaxy Digital Holdings Ltd. (“Galaxy”).
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