ZenaTech (ZENA) Registration Filing summary

Company overview and business model

• Operates in two segments: enterprise SaaS software and drone development, manufacturing, sales, and services.

• Transitioned in 2025 to generate revenue from drone services through acquisitions, expanding beyond software.

• Provides mission-critical cloud-based software integrated with smart hardware for diverse industries.

• Launched Drone as a Service (DaaS) model, acquiring land surveying and engineering firms to integrate drone technology.

• Pursues R&D in quantum computing and AI for advanced drone applications, including weather forecasting and defense.

Financial performance and metrics

• For the nine months ended September 30, 2025: total revenues $7.9M, net loss $(23.0)M.

• 2024 revenues: $2.4M; 2023 revenues: $1.8M; net losses for 2024 and 2023 were $(4.0)M and $(0.25)M, respectively.

• As of September 30, 2025: total assets $78.6M, total liabilities $37.3M, shareholders’ equity $41.2M.

• Significant increase in expenses and net loss in 2025 due to acquisitions and expansion into drone services.

Use of proceeds and capital allocation

• Net proceeds intended for acquisitions, capital expenditures, R&D, sales and marketing, investments, and general corporate purposes, including working capital.

• Management retains broad discretion over allocation of proceeds.