PANews reported on December 16th that, according to GlobeNewswire, Canadian listed company Matador Technologies (TSXV:MATA, OTCQB:MATAF, FSE:IU3) announced revisions to its convertible bond financing of up to $100 million with ATW Partners. The first tranche of $10.5 million has been signed, with the funds specifically earmarked for purchasing BTC. Previous statements regarding holding 6,000 BTC by 2027 and holding approximately 1% of the total Bitcoin supply in the long term have been removed. The coupon rate is 8% (reduced to 5% after uplisting to Nasdaq/NYSE, and increased to 18% in default), with an additional "special interest" of up to 25% or 50% of the principal at the initial offering. The total interest and fees will not exceed 24% annualized during the TSXV listing period. The conversion price will be adjusted according to the listing status and VWAP, with an initial conversion price of US$0.529178304; the notes are backed by BTC (150% for the first tranche and 100% thereafter), with a target of up to 1,000 BTC accumulated by 2026.