Matador's ATM Program Generates $2.3M in Gross Proceeds Since Inception
Matador Technologies Inc., also known as Bitcoin Ecosystem Company, has filed its quarterly report on activity under its at-the-market equity program (ATM) for the period from May 1 to July 31, 2026. The company generated gross proceeds of approximately $1.1 million under the ATM Program during this reporting period.
The average issue price was $0.0398 per share, with the company issuing a total of 18,102,400 common shares. After agent commissions of $26,712.89, net proceeds to Matador for the quarter were $1,041,802.69. This brings the cumulative gross proceeds since the program commenced on February 4, 2026, to approximately $2.3 million.
Cumulative net proceeds to the company total $2,213,873.29 and aggregate gross proceeds raised to date represent about 7.6% of the C$30 million maximum available under the ATM Program, leaving approximately $27.7 million of unutilized capacity. Matador's chief executive officer, Donato Sferra, commented that 'Two full reporting periods of ATM activity now show what a disciplined capital program looks like in practice.'