TORONTO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Matador Technologies Inc. ("Matador" or the "Company") (TSXV:MATA)(OTCQB:MATAF)(FSE:IU3), the Bitcoin Ecosystem Company, is pleased to announce that holders ("Shareholders") of common shares of the Company approved all matters put before its annual and special meeting of Shareholders held earlier today in Toronto, Ontario (the "Meeting"). Each matter is described in detail in the Company’s management information circular dated August 28, 2026 (the "Circular"), which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and at www.matador.network/agm.
Matters Approved at the Meeting
At the Meeting, Shareholders received the audited consolidated financial statements of the Company for the financial year ended October 31, 2025, together with the report of the auditor thereon, and passed an ordinary resolution fixing the number of directors of the Company at five.
Each of the five director nominees set out in the Circular was elected to hold office until the close of the next annual meeting of Shareholders or until his successor is duly elected or appointed. The directors of the Company are Deven Soni, Donato Sferra, Richard Murphy, Peter Kampian and Tyler Evans.
Shareholders also approved the reappointment of Kingston Ross Pasnak LLP as auditor of the Company for the ensuing year and authorized the directors to fix the auditor’s remuneration.
Amendment to Articles to Create Preferred Shares
Shareholders passed, by not less than two thirds of the votes cast, a special resolution (the "Preferred Share Resolution") authorizing an amendment to the articles of the Company to create a new class of shares consisting of an unlimited number of preferred shares, issuable in series (the "Preferred Shares"), as more particularly described in the Circular. Subject to the Business Corporations Act (Ontario), the Board of Directors of the Company is authorized to fix the number of shares in, and to determine the designation, rights, privileges, restrictions and conditions attaching to, each series of Preferred Shares before the issuance of shares of that series.
The amendment will become effective upon the filing of articles of amendment under the Business Corporations Act (Ontario) and the issuance of a certificate of amendment, and remains subject to the final acceptance of the TSX Venture Exchange (the "Exchange"). As permitted by the Preferred Share Resolution, the Board of Directors of the Company may revoke the resolution, in whole or in part, at any time prior to the endorsement of the certificate of amendment without further approval of Shareholders.
The Company has no present intention to issue Preferred Shares. Any future issuance would remain subject to applicable securities laws and the policies of the Exchange, including the prior acceptance of the Exchange.
The Company thanks its Shareholders for their continued support and participation in the Meeting.
Media Contact:
Donato Sferra
Chief Executive Officer
Email: donato@matador.network
Phone: 647.496.6282
About Matador Technologies Inc.
Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador’s strategy combines strategic Bitcoin accumulation, Bitcoin native product development, and digital asset treasury management, with active participation across blockchain and digital assets infrastructure, all with a focus on disciplined capital allocation and cost efficient treasury management.
With a Bitcoin first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.
Visit us online at https://www.matador.network/
Cautionary Statement Regarding Forward Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Forward Looking Statements. Certain information set forth in this news release may contain forward looking statements that involve substantial known and unknown risks and uncertainties, including statements regarding the filing of articles of amendment to create the Preferred Shares, the receipt of final acceptance of the Exchange, and any future issuance of Preferred Shares. These forward looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the receipt of regulatory approvals, the timing of the filing of articles of amendment, and the discretion of the Board of Directors to revoke the Preferred Share Resolution prior to the endorsement of a certificate of amendment. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking statements. Except as required by applicable securities law, the Company assumes no obligation to update or revise any forward looking information to reflect new events or circumstances.
SOURCE: Matador Technologies Inc.
