Matador ATM Program Bitcoin Treasury Update

Matador Technologies Inc., a publicly traded Bitcoin ecosystem company, filed its quarterly report on activity under its at-the-market (ATM) equity program for the period May 1 to July 31, 2026. During the period, Matador issued 18,102,400 common shares at an average price of C$0.0398, generating gross proceeds of approximately C$1.07 million and net proceeds of about C$1.04 million after agent commissions. Since the program's inception on February 4, 2026, Matador has raised cumulative gross proceeds of approximately C$2.27 million, representing about 7.6% of the C$30 million maximum available. The proceeds are being used to acquire Bitcoin and to fund a Bitcoin yield generation strategy conducted in collaboration with Galaxy Digital Ltd. under an ISDA agreement, primarily through covered calls. Matador also noted its proposed investment in HODL Systems, an Indian digital asset treasury company, for up to a 24% ownership stake. The ATM program operates under a C$80 million base shelf prospectus and complements a US$100 million secured convertible note facility with ATW Partners.