GG Mars Capital converts $1.28M debt/preferred to ZenaTech common, now holds 5.36%
ZENA sits 32% above its 52-week low of $1.15.
Summary
GG Mars Capital converted $314,608 in debt and 200,000 preferred shares into 795,652 common shares of ZenaTech, increasing its beneficial ownership to 5.362%. This conversion is part of an ongoing financial relationship.
Key Events · Ownership and Investor Activity · ZENA
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Debt and Preferred Share Conversion
GG Mars Capital converted $314,608 of outstanding debt and 200,000 preferred shares into a total of 795,652 common shares of ZenaTech. The debt conversion occurred at $1.6080 per share, and preferred shares converted at a 1:3 ratio to common shares.
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Increased Ownership Stake
Following these conversions, GG Mars Capital now beneficially owns 4,150,516 common shares, representing approximately 5.362% of ZenaTech's outstanding common stock.
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Investment Purpose
The shares were acquired for investment purposes, with the reporting person stating no plans or proposals for corporate changes.
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Ongoing Financial Relationship
This conversion stems from a convertible line of credit provided by GG Mars Capital to ZenaTech, established in August 2019 and October 2024, indicating a continued financial relationship.
Analysis · ZENA · Technology
This filing details a significant capital structure adjustment where GG Mars Capital, a long-term financier, converted over $1.2 million worth of debt and preferred shares into common stock. While this conversion is dilutive to existing common shareholders, it also reduces the company's liabilities by converting them into equity. This is part of ZenaTech's ongoing financial activities, following recent capital raises and other debt-to-equity conversions by other investors.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ZENA was trading at $1.52 on NASDAQ in the Technology sector, with a market capitalization of approximately $72M. The 52-week trading range was $1.15 to $7.11. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.