ZenaTech Approved for Nasdaq Listing to Accelerate AI Drone Development

ZenaTech, Inc. (Nasdaq: ZENA), a technology company specializing in AI drone solutions and enterprise SaaS solutions, announced that its common shares are approved for listing on the Nasdaq Capital Market under the ticker symbol "ZENA," with trading expected to commence on October 1st, 2024. The Nasdaq listing represents a significant milestone for the company, providing access to public capital markets that will serve as a growth catalyst for organic expansion, strategic acquisitions, and acceleration of ZenaDrone manufacturing and distribution plans.

According to CEO Dr. Shaun Passley, "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." The company believes this move will enable it to better serve its growing customer base across multiple sectors, including law enforcement, government, industrial, agriculture, defense, and logistics.

Maxim Group LLC acted as the exclusive financial advisor to ZenaTech in connection with the direct listing process. Investors can access additional information through the SEC website at https://www.sec.gov or by visiting the Investors section of ZenaTech's corporate website at https://www.zenatech.com. The company has built its reputation since 2017 by leveraging software development expertise and growing drone design and manufacturing capabilities through its ZenaDrone subsidiary.

ZenaDrone, a wholly owned subsidiary, develops and manufactures autonomous business drone solutions that incorporate machine learning software, AI, predictive modeling, and other technological innovations. Originally created to revolutionize the hemp farming sector, ZenaDrone has evolved to provide multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, and process automation using the ZenaDrone 1000 drone and IQ series of indoor drone products.

The Nasdaq listing comes at a time when the company serves over 100 enterprise software customers across various sectors and operates through six offices in North America, Europe, and UAE, supported by a growing global partner network. This move positions ZenaTech to capitalize on the increasing demand for AI-powered drone solutions in mission-critical business applications while driving operational efficiencies and cost savings for its clients.