[SCHEDULE 13D/A] ZenaTech, Inc. Amended Major Shareholder Report
Rhea-AI Filing Summary
Star Financial Corp filed an amended Schedule 13D reporting beneficial ownership of 5,161,383 ZenaTech common shares, representing about 9.49% of the outstanding stock. Star Financial holds sole voting and dispositive power over these shares and describes the position as being for investment purposes.
On February 12, 2026, Star Financial acquired 2,000,000 of these shares by converting $4,432,000 outstanding under a convertible line of credit dated October 9, 2024, at $2.2160 per share. The firm is a U.S.-based finance company, and its directors and officers disclaim personal beneficial ownership of the ZenaTech shares held by Star Financial.
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Insights
Filing updates a large lender’s 9.49% equity stake via debt conversion.
Star Financial Corp now reports owning 5,161,383 ZenaTech shares, or about 9.49% of the company. The position arose partly from converting a $4,432,000 balance on a convertible line of credit into 2,000,000 shares at $2.2160 on February 12, 2026.
This shifts part of ZenaTech’s obligations from debt to equity, affecting leverage and potential dilution for other holders. Star Financial indicates investment intent and holds sole voting and dispositive power, so future choices by this single large holder could influence governance outcomes, depending on broader ownership dispersion.