ZenaTech Announces Cross-Listing on Frankfurt Stock Exchange to Expand European Investor Access
TL;DR
ZenaTech's cross listing on the Frankfurt Stock Exchange provides new opportunities for European investors, increasing liquidity and trading.
ZenaTech's common shares are now cross listed and traded on the Frankfurt Stock Exchange under the symbol “49Q” as of October 31, 2024.
The cross listing on the FSE allows European investors to gain exposure to ZenaTech, leading to increased liquidity and investor following.
ZenaTech's cross listing on the Frankfurt Stock Exchange opens up new opportunities for global investment and market expansion.
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ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) announced that its common shares are now cross-listed and traded on the Frankfurt Stock Exchange under the symbol "49Q" as of October 31, 2024. This move provides European investors with an additional pathway to gain exposure to the company and is expected to increase liquidity, trading activity, and investor following. The listing aligns strategically with ZenaTech's existing operations in Europe, including an office in Germany and a growing customer base for its SaaS software and AI drone business operations.
CEO Shaun Passley, Ph.D., emphasized the importance of this development, stating that the company looks forward to sharing its story with European investors. The Frankfurt Stock Exchange is the largest exchange in Germany and the third largest in Europe by market capitalization. Its electronic trading platform, Xetra, has established it as the world's second largest fully electronic cash market, with direct linkages to all other major European financial hubs. This infrastructure supports efficient trading and enhances ZenaTech's visibility among international investors.
ZenaTech specializes in AI drone solutions and enterprise SaaS solutions for mission-critical applications across various sectors. Since 2017, the company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through its subsidiary, ZenaDrone. The company's solutions are used in law enforcement, government, industrial, agriculture, defense, and logistics sectors, driving operational efficiencies and cost savings. With over 100 enterprise software customers and a presence in North America, Europe, and the UAE, ZenaTech continues to expand its global footprint.
The cross-listing on the Frankfurt Stock Exchange not only facilitates access to European capital markets but also reinforces ZenaTech's commitment to its international growth strategy. For more details on the company's offerings, visit https://www.zenatech.com. Investors and stakeholders can monitor the stock's performance under the symbol "49Q" on the Frankfurt Stock Exchange, complementing its existing Nasdaq listing under "ZENA." This dual listing is poised to enhance market liquidity and provide a broader investor base, supporting ZenaTech's long-term objectives in the evolving technology landscape.
Curated from NewMediaWire

