ZenaTech Announces Dual Listing of Its Shares on the Frankfurt Stock Exchange
ZenaTech (Nasdaq: ZENA) (FSE: 49Q), an AI drone and enterprise SaaS solutions provider, has announced its cross-listing on the Frankfurt Stock Exchange under the symbol '49Q' as of October 31, 2024. The company aims to expand its European investor base and increase liquidity through this listing on the FSE, which is Germany's largest exchange and Europe's third-largest by market capitalization. The strategic move aligns with ZenaTech's existing presence in Germany and its growing European operations in SaaS software and AI drone business.
ZenaTech (Nasdaq: ZENA) (FSE: 49Q), fornitore di soluzioni SaaS aziendali e droni AI, ha annunciato la sua quotazione incrociata sulla Borsa di Francoforte con il simbolo '49Q' a partire dal 31 ottobre 2024. L'azienda mira ad espandere la propria base di investitori europei e ad aumentare la liquidità attraverso questa quotazione, che rappresenta la maggiore borsa in Germania e la terza in Europa per capitalizzazione di mercato. Questa mossa strategica è in linea con la presenza attuale di ZenaTech in Germania e le sue crescenti operazioni europee nel settore del software SaaS e del business dei droni AI.
ZenaTech (Nasdaq: ZENA) (FSE: 49Q), proveedor de soluciones SaaS empresariales y drones de IA, ha anunciado su cotización cruzada en la Bolsa de Frankfurt bajo el símbolo '49Q' a partir del 31 de octubre de 2024. La empresa tiene como objetivo expandir su base de inversores europeos y aumentar la liquidez mediante esta cotización, que es la bolsa más grande de Alemania y la tercera más grande de Europa por capitalización de mercado. Este movimiento estratégico está alineado con la presencia actual de ZenaTech en Alemania y sus crecientes operaciones europeas en software SaaS y en el negocio de drones de IA.
ZenaTech (Nasdaq: ZENA) (FSE: 49Q), AI 드론 및 기업 SaaS 솔루션 제공업체,가 2024년 10월 31일부터 '49Q'라는 기호로 프랑크푸르트 증권 거래소에 교차 상장한다고 발표했습니다. 본 회사는 이 상장을 통해 유럽 투자자 기반을 확장하고 유동성을 늘리는 것을 목표로 하고 있으며, 이는 독일 최대의 거래소이자 유럽에서 시가총액 기준으로 세 번째로 큰 거래소입니다. 이 전략적 움직임은 독일 내 ZenaTech의 기존 존재감 및 SaaS 소프트웨어와 AI 드론 비즈니스에서의 성장하는 유럽 운영과 일치합니다.
ZenaTech (Nasdaq: ZENA) (FSE: 49Q), fournisseur de solutions SaaS pour entreprises et de drones à intelligence artificielle, a annoncé son introduction en bourse croisée sur la Bourse de Francfort sous le symbole '49Q' à partir du 31 octobre 2024. L'entreprise vise à élargir sa base d'investisseurs européens et à accroître la liquidité grâce à cette cotation, qui est la plus grande bourse d'Allemagne et la troisième en Europe en termes de capitalisation boursière. Ce mouvement stratégique est en adéquation avec la présence actuelle de ZenaTech en Allemagne et ses opérations européennes en croissance dans le secteur des logiciels SaaS et des drones à intelligence artificielle.
ZenaTech (Nasdaq: ZENA) (FSE: 49Q), Anbieter von KI-Drohnen und Unternehmens-SaaS-Lösungen, hat seine Cross-Listing an der Frankfurter Wertpapierbörse unter dem Symbol '49Q' ab dem 31. Oktober 2024 angekündigt. Das Unternehmen zielt darauf ab, seine europäische Investorenbasis zu erweitern und die Liquidität durch diese Notierung zu erhöhen, die die größte Börse in Deutschland und die drittlargest in Europa nach Marktkapitalisierung ist. Dieser strategische Schritt steht im Einklang mit der bestehenden Präsenz von ZenaTech in Deutschland und den wachsenden europäischen Aktivitäten im Bereich SaaS-Software und KI-Drohnen-Geschäft.
- Strategic expansion of trading presence to Europe's third-largest exchange
- Potential increase in stock liquidity and trading volume
- Enhanced access to European investor base
- Existing operational presence in Germany supporting the expansion
- None.
Insights
The dual listing on Frankfurt Stock Exchange represents a strategic move to tap into European capital markets, but its immediate impact on stock value appears While this expansion could theoretically improve trading liquidity and broaden the investor base, several factors warrant careful consideration:
The company's relatively small market cap of
Trading volume and price action should be monitored in the coming months to assess if this listing meaningfully impacts liquidity. Historical data shows that dual listings often need 6-12 months to demonstrate tangible benefits in trading patterns and institutional ownership.
TORONTO, Ontario, Nov. 04, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces that its common shares currently traded on Nasdaq, are now cross listed and traded on the Frankfurt Stock Exchange (FSE) under the symbol “49Q” as of October 31, 2024.
“Listing on the Frankfurt exchange will provide an additional path for European investors to gain exposure to our company and increase our liquidity, trading, and investor following. This listing is also strategic to our business, given our existing office in Germany, customers in Europe, and ongoing European growth of our SaaS software and AI drone business operations. We look forward to sharing the ZenaTech company story with European investors,” said CEO Shaun Passley, Ph.D.
The FSE is the largest exchange in Germany and the third largest in Europe based on market capitalization. The FSE’s electronic trading platform Xetra has made it the world's second largest fully electronic cash market with direct linkage to all other major European financial hubs.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) 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 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 applications. Currently, the Zenadrone 1000 drone is used for crop management applications in agriculture and for critical field cargo applications in the defense sector, and the IQ Nano indoor drone is used for inventory management in the warehouse and logistics sector.
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
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; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; 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, including through the listing of its securities in various jurisdictions; 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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