GG Mars Capital Increases Stake to 8.3% in ZenaTech via Debt-to-Equity Conversion

summarizeSummary

GG Mars Capital, Inc. has increased its reported stake in ZenaTech, Inc. to 8.298% by converting $753,360 of debt into equity, strengthening the company's balance sheet and signaling investor confidence.

check_boxKey Events

• Increased Beneficial Ownership

  GG Mars Capital, Inc. now beneficially owns 3,951,864 common shares, representing approximately 8.298% of ZenaTech, Inc.'s outstanding common stock. This is an increase from the 6.51% previously reported.

• Debt-to-Equity Conversion

  The increase in ownership resulted from the conversion of $753,360 in outstanding debt from a convertible line of credit into 430,000 common shares at a price of $1.752 per share. This transaction occurred on April 13, 2025.

• Balance Sheet Strengthening

  The conversion of debt into equity improves ZenaTech's financial position by reducing liabilities and strengthening its balance sheet, providing more flexibility for its ongoing strategic initiatives.

• Investor Confidence

  This action by GG Mars Capital, Inc., a significant investor, indicates continued confidence in ZenaTech's prospects and strategic direction, especially following recent announcements of a shelf registration and acquisition offers.

auto_awesomeAnalysis

This Schedule 13D/A filing updates the reported beneficial ownership of GG Mars Capital, Inc. in ZenaTech, Inc. to 8.298%, an increase from the 6.51% previously reported. The increase stems from the conversion of $753,360 in outstanding debt into common shares at a price of $1.752 per share. This debt-to-equity conversion is a positive signal, as it strengthens ZenaTech's balance sheet by reducing liabilities and demonstrates continued confidence from a significant investor amidst the company's active capital raising and acquisition strategies. Investors should view this as a vote of confidence in the company's ongoing expansion efforts.