Matador has corrected and updated its disclosure regarding a $100 million convertible bond financing to purchase Bitcoin.

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Matador Technologies Inc. (TSXV: MATA) announced that, following a review by the Ontario Securities Commission, it has corrected its previous disclosures, removing statements regarding "holding 6,000 BTC by 2027" and "holding approximately 1% of the total Bitcoin supply." The company also disclosed that it has entered into a revised secured convertible note financing agreement with ATW Partners for up to $100 million, with an initial tranche of $10.5 million. The funds will be used solely for purchasing Bitcoin.

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