STOCK TITAN

ZenaTech Inc., AI Drone and Enterprise SaaS Company, Announces Direct Listing on the Nasdaq Capital Market Under the Symbol ZENA

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
AI

ZenaTech Inc. (Nasdaq: ZENA), an AI drone and enterprise SaaS company, has announced its direct listing on the Nasdaq Capital Market. Trading of ZenaTech's common shares began on October 1, 2024, under the ticker symbol ZENA.

CEO Dr. Shaun Passley expressed satisfaction with the company's public listing status, stating that it will help expand their potential investor base and support growth plans for drone solutions. ZenaTech specializes in software and hardware innovations for inspection, monitoring, compliance, field service, and other mission-critical business applications.

Maxim Group served as the exclusive financial advisor to ZenaTech for this direct listing process.

ZenaTech Inc. (Nasdaq: ZENA), un'azienda di droni AI e soluzioni SaaS per imprese, ha annunciato la sua quotazione diretta sul Nasdaq Capital Market. La negoziazione delle azioni ordinarie di ZenaTech è iniziata il 1 ottobre 2024, con il simbolo di borsa ZENA.

Il CEO Dr. Shaun Passley ha espresso soddisfazione per lo stato di quotazione pubblica dell'azienda, affermando che aiuterà ad espandere la base potenziale di investitori e a supportare i piani di crescita per le soluzioni di droni. ZenaTech si specializza in innovazioni software e hardware per ispezione, monitoraggio, conformità, assistenza sul campo e altre applicazioni aziendali critiche.

Il Maxim Group ha fungito da esclusivo consulente finanziario per ZenaTech in questo processo di quotazione diretta.

ZenaTech Inc. (Nasdaq: ZENA), una empresa de drones de IA y SaaS para empresas, ha anunciado su cotización directa en el Nasdaq Capital Market. La negociación de las acciones ordinarias de ZenaTech comenzó el 1 de octubre de 2024, bajo el símbolo de ticker ZENA.

El CEO Dr. Shaun Passley expresó su satisfacción con el estado de cotización pública de la empresa, afirmando que ayudará a expandir su potencial base de inversores y apoyará los planes de crecimiento para las soluciones de drones. ZenaTech se especializa en innovaciones de software y hardware para inspección, monitoreo, cumplimiento, servicio de campo y otras aplicaciones comerciales críticas.

Maxim Group actuó como asesor financiero exclusivo de ZenaTech para este proceso de cotización directa.

제나텍 주식회사 (Nasdaq: ZENA), AI 드론 및 기업 SaaS 회사가 Nasdaq 자본 시장에 상장한다고 발표했습니다. 제나텍의 보통주 거래는 2024년 10월 1일ZENA라는 티커 기호로 시작되었습니다.

CEO인 션 패슬리 박사는 회사의 상장 상태에 대한 만족을 표명하며, 이는 잠재적 투자자 기반을 확장하고 드론 솔루션의 성장 계획을 지원하는 데 도움이 될 것이라고 말했습니다. 제나텍은 검사, 모니터링, 규정 준수, 현장 서비스 및 기타 중요한 비즈니스 애플리케이션을 위한 소프트웨어 및 하드웨어 혁신을 전문으로 합니다.

맥심 그룹은 이 직접 상장 과정에서 제나텍의 독점 재정 고문으로 활동했습니다.

ZenaTech Inc. (Nasdaq: ZENA), une entreprise spécialisée dans les drones AI et le SaaS pour les entreprises, a annoncé son introduction directe sur le Nasdaq Capital Market. La négociation des actions ordinaires de ZenaTech a débuté le 1er octobre 2024, sous le symbole boursier ZENA.

Le PDG Dr. Shaun Passley a exprimé sa satisfaction concernant le statut de cotation publique de l'entreprise, affirmant que cela aidera à élargir leur base potentielle d'investisseurs et à soutenir leurs plans de croissance pour des solutions de drones. ZenaTech se spécialise dans les innovations en logiciel et matériel pour l'inspection, le suivi, la conformité, le service sur le terrain et d'autres applications commerciales critiques.

Le Maxim Group a agi en tant que conseiller financier exclusif de ZenaTech pour ce processus d'introduction directe.

ZenaTech Inc. (Nasdaq: ZENA), ein AI-Drohnen- und Unternehmens-SaaS-Unternehmen, hat seine direkte Notierung am Nasdaq Capital Market bekannt gegeben. Der Handel mit den Stammaktien von ZenaTech begann am 1. Oktober 2024 unter dem Tickersymbol ZENA.

CEO Dr. Shaun Passley äußerte sich zufrieden mit dem öffentlichenListing-Status des Unternehmens und erklärte, dass dies dazu beitragen werde, ihre potenzielle Investorenbasis zu erweitern und die Wachstumspläne für Drohnentechnologien zu unterstützen. ZenaTech ist spezialisiert auf Innovationen in Software und Hardware für Inspektion, Überwachung, Compliance, Außendienst und andere geschäftskritische Anwendungen.

Die Maxim Group diente als exklusiver Finanzberater für ZenaTech während dieses Direktnotierungsprozesses.

Positive
  • Direct listing on Nasdaq Capital Market, potentially increasing visibility and investor access
  • Expansion of potential investor base
  • Growth plans for drone solutions incorporating software and hardware innovations
Negative
  • None.

Insights

ZenaTech's direct listing on Nasdaq is a significant milestone for the company, potentially enhancing its visibility and access to capital markets. This move could broaden the investor base and improve liquidity for existing shareholders. However, it's important to note that unlike traditional IPOs, direct listings don't raise new capital for the company.

The company's focus on AI drone and enterprise SaaS solutions positions it in high-growth tech sectors. The drone market, in particular, is projected to expand rapidly, with applications in inspection, monitoring and field services. ZenaTech's emphasis on mission-critical business applications suggests a B2B focus, which could lead to more stable, recurring revenue streams if executed well.

Investors should closely monitor ZenaTech's financial performance and customer acquisition metrics in the coming quarters to gauge the company's growth trajectory and market traction. The lack of a mentioned market cap or financial figures in the announcement makes it challenging to assess the company's current valuation and market position.

ZenaTech's entry into the public market via Nasdaq listing marks a pivotal moment for the AI drone and enterprise SaaS sectors. The company's focus on integrating AI with drone technology for business applications taps into a rapidly evolving market with significant growth potential. The global commercial drone market is expected to reach $58.4 billion by 2026, growing at a CAGR of 16.4%.

The company's emphasis on "mission-critical business applications" suggests a strategic positioning in high-value, enterprise-level solutions. This approach could lead to higher margins and more stable revenue streams compared to consumer-focused drone companies. However, the enterprise SaaS market is highly competitive and ZenaTech will need to demonstrate clear differentiation and value proposition to gain market share.

Investors should watch for ZenaTech's ability to scale its technology and secure key partnerships in industries like construction, agriculture and energy, where drone applications are increasingly in demand. The company's success will likely hinge on its capacity to deliver innovative solutions that measurably improve efficiency and reduce costs for its enterprise clients.

TORONTO, Ontario, Oct. 01, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone and enterprise SaaS (Software-as-a-Service) solutions for mission-critical business applications, announces that trading of ZenaTech’s common shares commenced today on the Nasdaq Capital Market under the stock ticker symbol ZENA.

"We are pleased ZenaTech has reached the status of a publicly listed company on Nasdaq," said CEO, Dr. Shaun Passley Ph.D. “This achievement will help expand our universe of potential investors and will enable our growth plans for drone solutions, incorporating software and hardware innovations, for inspection, monitoring, compliance, field service, and other applications to meet current customer demand.”

Maxim Group LLC acted as exclusive financial advisor to ZenaTech in connection with the direct listing.

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.

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; 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.


FAQ

When did ZenaTech Inc. (ZENA) start trading on the Nasdaq Capital Market?

ZenaTech Inc. (ZENA) started trading on the Nasdaq Capital Market on October 1, 2024.

What is ZenaTech's (ZENA) stock ticker symbol on Nasdaq?

ZenaTech's stock ticker symbol on Nasdaq is ZENA.

What type of technology does ZenaTech (ZENA) specialize in?

ZenaTech (ZENA) specializes in AI drone and enterprise SaaS solutions for mission-critical business applications, including inspection, monitoring, compliance, and field service.

Who was the financial advisor for ZenaTech's (ZENA) direct listing on Nasdaq?

Maxim Group acted as the exclusive financial advisor to ZenaTech (ZENA) for its direct listing on Nasdaq.

ZenaTech, Inc.

NASDAQ:ZENA

ZENA Rankings

ZENA Latest News

ZENA Stock Data

25.61M
17.31M
88.87%
0.96%
4.26%
Software - Infrastructure
Technology
Link
United States of America
Toronto