ZenaTech Announces Approval to List Common Shares on the Nasdaq Capital Market
ZenaTech (Nasdaq: ZENA), an AI drone solutions and enterprise SaaS company, has announced the approval to list its common shares on the Nasdaq Capital Market. Trading is expected to commence on October 1st, 2024, under the ticker symbol 'ZENA'.
CEO Dr. Shaun Passley Ph.D. stated that this listing is a significant achievement for ZenaTech and will help advance the development of their drone solutions for various applications. The company believes that accessing public capital markets will act as a growth catalyst, enabling organic growth, strategic acquisitions, and acceleration of ZenaDrone manufacturing and distribution plans.
Maxim Group served as the exclusive financial advisor for the direct listing. A prospectus related to the registration statement is available on the SEC website and in the Investors section of ZenaTech's website.
ZenaTech (Nasdaq: ZENA), un'azienda di soluzioni per droni AI e di SaaS per imprese, ha annunciato l'approvazione per quotare le sue azioni ordinarie sul Nasdaq Capital Market. Si prevede che le contrattazioni inizino il 1 ottobre 2024, con il simbolo ticker 'ZENA'.
Il CEO Dr. Shaun Passley Ph.D. ha dichiarato che questa quotazione rappresenta un traguardo significativo per ZenaTech e contribuirà all'avanzamento dello sviluppo delle loro soluzioni per droni in diverse applicazioni. L'azienda crede che l'accesso ai mercati dei capitali pubblici agirà da catalizzatore per la crescita, permettendo una crescita organica, acquisizioni strategiche e l'accelerazione dei piani di produzione e distribuzione di ZenaDrone.
Maxim Group ha servito come consulente finanziario esclusivo per la quotazione diretta. Un prospetto relativo alla dichiarazione di registrazione è disponibile sul sito web della SEC e nella sezione Investitori del sito di ZenaTech.
ZenaTech (Nasdaq: ZENA), una empresa de soluciones de drones de IA y SaaS empresarial, ha anunciado la aprobación para listar sus acciones ordinarias en el Nasdaq Capital Market. Se espera que la negociación comience el 1 de octubre de 2024, bajo el símbolo de cotización 'ZENA'.
El CEO Dr. Shaun Passley Ph.D. declaró que esta cotización es un logro significativo para ZenaTech y ayudará a avanzar en el desarrollo de sus soluciones de drones para diversas aplicaciones. La empresa cree que acceder a los mercados de capitales públicos actuará como un catalizador de crecimiento, permitiendo el crecimiento orgánico, adquisiciones estratégicas y la aceleración de los planes de fabricación y distribución de ZenaDrone.
Maxim Group actuó como el asesor financiero exclusivo para la cotización directa. Un prospecto relacionado con la declaración de registro está disponible en el sitio web de la SEC y en la sección de Inversores del sitio web de ZenaTech.
ZenaTech (Nasdaq: ZENA)는 AI 드론 솔루션과 기업 SaaS 회사로, Nasdaq Capital Market에 일반 주식을 상장할 승인 소식을 발표했습니다. 거래는 2024년 10월 1일에 'ZENA'라는 티커 기호로 시작될 예정입니다.
CEO Dr. Shaun Passley Ph.D.는 이번 상장이 ZenaTech에 있어 중요한 성과이며 다양한 응용 프로그램을 위한 드론 솔루션 개발을 진전시키는 데 도움이 될 것이라고 밝혔습니다. 회사는 공공 자본 시장에 접근하는 것이 성장의 촉매제가 되어 유기적 성장, 전략적 인수 및 ZenaDrone의 제조 및 유통 계획을 가속화할 것이라고 믿고 있습니다.
Maxim Group은 직접 상장을 위한 독점 재무 자문 역할을 했습니다. 등록 성명서와 관련된 투자설명서는 SEC 웹사이트와 ZenaTech 웹사이트의 투자자 섹션에서 확인할 수 있습니다.
ZenaTech (Nasdaq: ZENA), une entreprise de solutions de drones IA et de SaaS pour les entreprises, a annoncé l'approbation pour l'inscription de ses actions ordinaires sur le Nasdaq Capital Market. Les transactions devraient commencer le 1er octobre 2024, sous le symbole boursier 'ZENA'.
Le PDG Dr. Shaun Passley Ph.D. a déclaré que cette inscription est une réalisation significative pour ZenaTech et contribuera à faire avancer le développement de leurs solutions de drones pour diverses applications. L'entreprise est convaincue que l'accès aux marchés de capitaux publics agira comme un catalyseur de croissance, permettant une croissance organique, des acquisitions stratégiques et l'accélération des plans de fabrication et de distribution de ZenaDrone.
Maxim Group a été le conseiller financier exclusif pour l'inscription directe. Un prospectus lié à la déclaration d'enregistrement est disponible sur le site de la SEC et dans la section Investisseurs du site de ZenaTech.
ZenaTech (Nasdaq: ZENA), ein Unternehmen für KI-Drohnenlösungen und Unternehmens-SaaS, hat die Genehmigung zur Notierung seiner Stammaktien am Nasdaq Capital Market erhalten. Der Handel wird voraussichtlich am 1. Oktober 2024 unter dem Tickersymbol 'ZENA' beginnen.
CEO Dr. Shaun Passley Ph.D. erklärte, dass diese Notierung einen bedeutenden Erfolg für ZenaTech darstellt und die Entwicklung ihrer Drohnenlösungen für verschiedene Anwendungen vorantreiben wird. Das Unternehmen glaubt, dass der Zugang zu den öffentlichen Kapitalmärkten als Wachstumsbeschleuniger wirken wird, der organisches Wachstum, strategische Übernahmen und die Beschleunigung der Produktions- und Vertriebspläne von ZenaDrone ermöglicht.
Maxim Group fungierte als exklusiver Finanzberater für die Direktnotierung. Ein Prospekt zur Registrierungsanmeldung ist auf der Website der SEC und im Investorenbereich der ZenaTech-Website verfügbar.
- Approval to list common shares on Nasdaq Capital Market
- Expected to commence trading on October 1st, 2024
- Potential for increased access to capital for growth and acquisitions
- Opportunity to accelerate ZenaDrone manufacturing and distribution plans
- None.
Insights
ZenaTech's Nasdaq listing is a significant milestone that could substantially impact the company's future. This move opens up access to a broader investor base and potentially increased liquidity for the stock. The Nasdaq listing often brings enhanced visibility and credibility, which could attract institutional investors and analysts' coverage.
The company's focus on AI drone solutions and SaaS offerings positions it in high-growth tech sectors. However, investors should note that while the listing is positive, it doesn't guarantee financial success. The company's ability to execute its growth strategy, including organic expansion and strategic acquisitions, will be crucial.
The mention of "accelerating ZenaDrone manufacturing and distribution plans" suggests potential for revenue growth, but also implies increased capital expenditures. Investors should closely monitor the company's financial reports post-listing to assess its burn rate and path to profitability.
ZenaTech's entry into the Nasdaq marks a pivotal moment for the AI drone and SaaS sectors. The company's focus on integrating AI with drone technology for inspection, monitoring and compliance applications addresses growing market needs across various industries. This could position ZenaTech as a key player in the rapidly evolving drone services market.
The potential for strategic acquisitions, as mentioned by the CEO, could accelerate ZenaTech's technological capabilities and market reach. However, the drone industry is highly competitive and subject to regulatory challenges. Investors should consider how ZenaTech plans to differentiate its offerings and navigate the complex regulatory landscape for drone operations.
The company's success will largely depend on its ability to innovate and adapt to changing market demands while scaling its operations efficiently. Keep an eye on ZenaTech's R&D investments and any partnerships or contracts with key industry players post-listing.
TORONTO, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (“ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, today announced that its common shares are approved for listing on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "ZENA".
ZenaTech’s common shares are expected to commence trading on October 1st, 2024.
"Listing on Nasdaq represents a significant achievement for ZenaTech and will help advance the development of our drone solutions, incorporating software and hardware innovation, for inspection, monitoring, compliance, field service, and other applications where we have customer interest," said CEO, Dr. Shaun Passley Ph.D. "We believe that accessing the public capital markets will act as a positive company growth catalyst enabling organic growth, strategic acquisitions, and acceleration of ZenaDrone manufacturing and distribution plans."
Maxim Group LLC acted as the exclusive financial advisor to ZenaTech in connection with the direct listing.
A copy of the prospectus related to the registration statement is available from the SEC website, or by visiting the Investors section of ZenaTech’s website.
About ZenaTech
ZenaTech (Nasdaq: ZENA) is a technology company specializing in AI drone solutions and enterprise SaaS solutions for mission-critical business applications. Since 2017, the company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and field service processes. With over 100 enterprise software customers using our branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech helps drive exceptional operational efficiencies and cost savings. The company operates through six offices in North America, Europe, and UAE, and a growing global partner network.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has evolved to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, and process automation, utilizing the ZenaDrone 1000 drone and IQ series of indoor drone products.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Customers:
sales@zenadrone.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; •expectations with respect to future production costs and capacity; the intention to complete the listing of ZenaTech’s common shares on an exchange; ZenaTech’s expectations regarding its revenue, expenses, and operations; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; changes in the target markets; market uncertainty; ability to access additional capital; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.
Forward-looking statements are based on certain assumptions and analyses made by the management of ZenaTech in light of its experience and understanding of historical trends and current conditions and other factors management believes are appropriate to consider, which are subject to risks and uncertainties. Although ZenaTech’s management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and actual results may vary materially from the forward-looking information presented. Given these risks and uncertainties underlying the assumptions made, prospective purchasers of ZenaTech’s securities should not place undue reliance on these forward-looking statements.
Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, ZenaTech undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on ZenaTech’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Potential investors should read this document with the understanding that ZenaTech’s actual future results may be materially different from what is currently anticipated.
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