ZenaTech Doubles ATM to $150M After Selling $57M — 68.8M More Shares Authorized
ZENA sits 17% above its 52-week low of $1.15.
Summary
ZenaTech doubled its ATM facility to US$150 million after selling US$57 million of stock, authorizing up to 68.8 million additional shares at US$1.35 — a highly dilutive capital raise to fund acquisitions and operations.
Key Events · Financing and Capital Events · ZENA
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ATM Upsized to $150M
ZenaTech amended its ATM agreement with Maxim Group and Northland Securities, doubling the aggregate offering price from US$75 million to US$150 million.
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$57M Already Sold
Approximately 29,744,407 common shares have been issued under the ATM to date, raising approximately US$57 million.
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68.8M Shares Authorized
The prospectus supplement authorizes sale of up to 68,831,674 additional common shares at US$1.35 per share, representing approximately US$93 million in remaining capacity.
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Dilution Impact
With 201,157,883 shares outstanding as of October 7, 2026, a full drawdown would increase the share count by approximately 34%, creating significant overhang.
Analysis · ZENA · Technology
ZenaTech has amended its at-the-market offering agreement to double the aggregate offering price from US$75 million to US$150 million. The company has already issued approximately 29.7 million shares under the program, raising about US$57 million, and now has capacity to sell up to 68.8 million additional shares at the October 7, 2026 reference price of US$1.35. With 201.2 million shares outstanding, a full drawdown would increase the share count by roughly 34%, a highly dilutive overhang for existing holders. The company is burning cash rapidly — net loss of US$49.1 million in the first half of 2026 alone — and is using the ATM to fund its aggressive acquisition strategy and working capital. The offering price sits at the low end of the 52-week range, reflecting the stock's decline from over US$7 in late 2025 to US$1.35 today.
How filings like this one have moved
In the 30 days to Oct 9, 2026, 28.8% of the 1682 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. 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 $1.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $265.8M. The 52-week trading range was $1.15 to $7.11. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.