Madison Technologies Inc (OTC: MDEX) is a television broadcast company that has acquired television station assets and is developing broadcast services targeting younger consumers. The company's stated revenue model centers on distribution of television broadcast assets intended to generate recurring revenues from customers utilizing those assets. As of the 10-K filed April 15, 2026 (covering fiscal year ended December 31, 2025), Madison Technologies had not yet begun offering any of its products or services for sale, reported no revenue, and disclosed that some of its debt incurred in connection with television station asset acquisitions was in default. The company does not pay dividends and its Common Stock trades as a penny stock. In January 2026, it adopted the 2026 Omnibus Equity Incentive Plan with 168,000,000 shares reserved. Thomas Amon is identified as a key executive. The company carries convertible note obligations with covenant restrictions, and on December 30, 2025 issued 75,000,000 shares of unregistered Common Stock to satisfy partial debt repayment via lender conversion.

Revenue model

Recurring revenue from customer utilization of television broadcast assets. As of the 10-K filed April 15, 2026, no products or services had been offered for sale and no revenue had been generated.

Products and services

Television broadcast assets and broadcast services targeting younger consumers. Next-generation television distribution platform in development as of December 31, 2025.

Customers and end markets

End-user television consumers, with a stated focus on younger consumers. Reseller partners identified as an intended channel. No customers disclosed as of the 10-K filed April 15, 2026.

Value-chain role

Television broadcast asset owner and intended distributor of broadcast services. Pursues growth partly through acquisition of television station assets.

Geographic exposure

United States, with references to potential expansion into new geographies. No specific markets or revenue by geography disclosed in the filing.

Source: SEC 10-K, filed 2026-04-15

Industry: Retail-Miscellaneous Retail