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ZenaTech to Expand Drone as a Service (DaaS) for Public Works and Wildfire Management by Signing Offer to Acquire Southern California-Based Land Survey and Engineering Firm
Globenewswire· 2025-10-21 11:30
Core Insights - ZenaTech, Inc. has signed an offer to acquire a Southern California land survey engineering firm, enhancing its Drone as a Service (DaaS) presence in the region [1][2] - The acquisition aims to modernize surveying, inspection, and monitoring applications for government and commercial customers using drones, capitalizing on the growing public works and infrastructure market [2][3] Company Overview - ZenaTech specializes in AI drones, DaaS, Enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [4] - The company has completed 11 acquisitions with a goal of establishing 25 DaaS locations by mid-2026, providing flexible on-demand access to drone services [3][4] Market Opportunity - Southern California is identified as a dynamic region for public works and infrastructure, presenting significant opportunities for advanced surveying and rapid data delivery [2] - The acquisition will allow ZenaTech to integrate drone-based aerial data and analytics into existing government projects, addressing critical needs such as wildfire surveillance and environmental recovery [2][3] Technology and Services - ZenaTech's DaaS model eliminates capital costs for customers, allowing them to benefit from drone innovation without the need for pilots or maintenance [3] - The company’s subsidiary, ZenaDrone, develops autonomous drone solutions for various applications, including agriculture, defense, and logistics [5]
Tonner Drones issues free BSA to all shareholders
Globenewswire· 2025-10-15 16:01
Tonner Drones issues free BSA to all shareholders Paris, October 15th , 2025, 18:00, Tonner Drones (’the Company’) provides further details on the issuance of BSA 2025-3. Following further information from the facilitating bodies, the final schedule for the distribution of BSA 2025-3 ("TDBS3") is now available. The TDBS3 will be issued on October 22, 2025 to all shareholders and therefore the last day to purchase shares of the Company that entitle shareholders to the TDBS3 will be October 17,2025. For each ...
Red Cat Holdings Unusual Options Activity For October 10 - Red Cat Holdings (NASDAQ:RCAT)
Benzinga· 2025-10-10 14:02
Group 1 - Financial giants are showing a bearish sentiment towards Red Cat Holdings, with 60% of traders exhibiting bearish tendencies and 40% bullish [1] - The options analysis revealed a total of 10 unusual trades, consisting of 3 puts valued at $206,930 and 7 calls valued at $337,974 [1] - The expected price movements for Red Cat Holdings are concentrated within a range of $10.0 to $30.0 over the past three months [2] Group 2 - The mean open interest for Red Cat Holdings options trades is 3,156.43, with a total volume of 1,248.00 [3] - Noteworthy options activity includes a bearish put trade with a total price of $115.2K and a bullish call trade valued at $93.0K [8] - The current trading volume stands at 4,082,879, with the stock price down by 2.73% at $14.26 [14] Group 3 - Red Cat Holdings is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations [9] - The company offers a range of drone systems, including the Arachnid family of ISR drones and the Edge 130 Blue drone systems [10] - Analysts have set an average price target of $17.0 for Red Cat Holdings, with a recent downward revision to a Buy rating [11][12]
Big Gains Alert: These 3 Tech Stocks Are Surging This Month
MarketBeat· 2025-10-10 13:16
Core Insights - Investors are increasingly using stock picking and trading strategies, particularly focusing on stocks with the highest percentage gains, which often indicate strong momentum and bullish sentiment [1][2] - Three technology stocks, Draganfly Inc. (DPRO), AST SpaceMobile Inc. (ASTS), and Arqit Quantum Inc. (ARQQ), have shown significant percentage gains in early October, driven by distinct catalysts that may lead to further upside [2] Draganfly Inc. (DPRO) - Draganfly's stock has surged by 55% since September 27, reaching a price of $13.22, with a trading volume peaking at 58 million shares compared to its average of 2.18 million shares [3][4] - The catalyst for this increase is a multifaceted contract with the U.S. Army, which is expected to significantly boost Draganfly's revenue and potentially lead to profitability [4] - The drone sector is experiencing a rally, supported by government and commercial contracts, although Draganfly has over 30% short interest, indicating that part of the stock movement may be due to short covering [5] AST SpaceMobile Inc. (ASTS) - AST SpaceMobile's stock has increased by 47% since the market closed on September 26, currently priced at $86.79 [6] - The company is developing a unique space-based cellular broadband network that connects directly to standard mobile phones, with expectations of revenue growth starting in 2026 [7][8] - ASTS is trading approximately 38% above its consensus price target, with over 20% short interest, suggesting a cautious approach may be warranted before the upcoming earnings report [9] Arqit Quantum Inc. (ARQQ) - Arqit Quantum's stock has risen about 45% since September 27, currently priced at $53.88, driven by its inclusion in the S&P Global BMI Index, which is expected to attract institutional interest [10][12] - The company focuses on quantum-safe encryption solutions, positioning itself in the growing fields of cybersecurity and quantum computing [11] - Despite being a pre-revenue company with a high short interest of 40%, Arqit Quantum may appeal to speculative investors with a long-term outlook [12]
First Tellurium and PyroDelta Clarify Third-Party Testing on Thermoelectric Modules for Drone Combustion Engines
Thenewswire· 2025-10-08 11:30
Tests were conducted by an established U.S. drone manufacturer.Vancouver, BC, Canada, October 8, 2025 – TheNewswire - First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) has provided follow-up information to its September 18, 2025 news release regarding successful testing of thermoelectric modules that can extend the range of high payload drones powered by combustion engines. The modules, which attach to drone engine exhaust manifolds, use heat differentials to charge the batteries that power all the drone’s on ...
Unusual Machines Secures $800,000 Order for High-Performance Drone Components from Red Cat
Accessnewswire· 2025-10-03 12:30
Core Insights - Unusual Machines, Inc. has received an $800,000 order from Red Cat Holdings, Inc. for various drone components [1] - The order includes high-performance products such as the Aura Analog Camera, Aura VTX, Brave Flight Controller, Brave ESC, HDO+ Goggles, and motors [1] - These components will be integrated into Red Cat's FANG™ drones, which are designed for military, government, and commercial applications [1] Company Overview - Unusual Machines, Inc. is a leading provider of high-performance drone components [1] - Red Cat Holdings, Inc. specializes in integrating robotic hardware and software for various operational sectors [1] Market Demand - The order supports ongoing demand for U.S.-made, NDAA-compliant systems in defense and public safety sectors [1] - There is a growing need for advanced drone technology in government agency applications [1]
Affluence Corporation Subsidiary MTi and Aerodyne Group Form Strategic Partnership
Accessnewswire· 2025-09-24 12:30
Core Insights - Affluence Corporation's subsidiary, Mingothings International (MTi), has formed a strategic partnership with Aerodyne Group, a leader in drone-based enterprise solutions and AI-powered data analytics [1] - Aerodyne Group is recognized for its advanced drone technology and AI innovations, positioning itself as a global pioneer in enhancing efficiency, safety, and sustainability across various industries [1] Company Summary - The partnership aims to leverage Aerodyne Group's expertise in drone technology and data analytics to improve operational capabilities for Mingothings International [1] - This collaboration is expected to drive innovation and create new opportunities within the drone and AI sectors [1] Industry Summary - The drone technology and AI analytics market is rapidly evolving, with companies like Aerodyne Group leading the way in providing solutions that address efficiency and sustainability challenges [1] - The strategic alliance reflects a growing trend in the industry towards integrating advanced technologies to enhance service delivery across multiple sectors [1]
Tonner Drones provides further details on the right issue
Globenewswire· 2025-09-23 06:00
Core Viewpoint - Tonner Drones has initiated a capital increase for shareholders with preferential rights to strengthen its cash position for R&D and investment, as well as to reduce debt and financial costs [2][3]. Group 1: Capital Increase Details - The capital increase is expected to raise approximately €1.05 million to €1.2 million, with a dilution limited to 7% to 8% [4]. - Shareholders can subscribe to the capital increase at a price of €0.0270 per share, with the subscription right allowing them to buy 1 additional share for every 14 shares owned [5]. - The subscription period ends on October 1, 2025, although some financial institutions may have earlier deadlines [5]. Group 2: Subscription Rights and Warrants - All shareholders will receive subscription rights that can be publicly traded from September 23 to September 29, 2025 [6]. - The company will issue warrants (BSA) to shareholders, allowing them to purchase shares in the future under favorable conditions [7][8]. - Shareholders participating in the capital increase will receive BSA-1 and possibly BSA-2, while BSA-3 will be distributed to all shareholders similarly to a previous issuance in August 2024 [8][11]. Group 3: Indicative Timetable - The indicative timetable for the capital increase includes key dates such as the opening of the subscription period on September 25, 2025, and the closure of the subscription period on October 1, 2025 [13]. - The results of the operation will be announced on October 6, 2025, followed by the issuance and trading of new shares and BSA on October 8, 2025 [13]. Group 4: Company Overview - Tonner Drones develops technologies for the logistics sector and holds stakes in promising French drone manufacturers, focusing on increasing the value of these investments through active asset management [15]. - The company aims to retain R&D for its products in France while not planning to own a factory [15].
Tonner Drones publishes its half year Results 2025
Globenewswire· 2025-09-22 16:15
Core Insights - Tonner Drones reported a decrease in revenue by 28% in the first half of 2025, but managed to reduce expenses by 68%, leading to a significant improvement in financial results by 106% to a positive €78,000 [3][4][6] - Despite a negative net income of €141,000, the company showed a 97% improvement compared to the previous year [3][4][6] - Cash and cash equivalents increased by 221%, reaching €1.4 million, indicating improved liquidity [3][4][6] Financial Performance - Revenue for H1 2025 was €67,000, down from €93,000 in H1 2024, marking a 28% decline [4] - Operating expenses were reduced to €375,000 from €1,161,000, a decrease of 68% [4] - The financial result improved to €78,000 from a loss of €1,195,000, reflecting a 106% increase [4] - Net result improved to a loss of €141,000 from a loss of €4,347,000, a 97% improvement [4] - Cash and cash equivalents rose to €1.458 million from €457,000, a 221% increase [4] Rights Issue - The company announced a rights issue of approximately €1 million to strengthen financial health and support future growth [7] - Shareholders will have the opportunity to trade rights and subscribe to new shares and attached warrants starting September 23, 2025 [7] Strategic Outlook - The CEO expressed optimism about the company's future, highlighting improvements in financial health and shareholder engagement [6] - The company aims to increase the value of its stakes in French drone manufacturers through active asset management and does not plan to own a factory [9]
Red Cat Holdings Announces Closing of Public Offering of Common Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares
Globenewswire· 2025-09-19 16:55
Company Overview - Red Cat Holdings, Inc. is a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security [5] - The company develops American-made hardware and software through its subsidiaries, Teal Drones and FlightWave Aerospace, supporting military, government, and public safety operations across air, land, and sea [5] - Red Cat is expanding into the maritime domain with its new unmanned surface vessel division, Blue Ops, Inc., enhancing safety and multi-domain mission effectiveness [5] Recent Financial Activity - The company announced a public offering of 17,968,750 shares of common stock, with gross proceeds of approximately $172.5 million before deducting underwriting discounts and commissions [1][2] - The offering included the full exercise of the underwriters' option to purchase an additional 2,343,750 shares [1] - Net proceeds from the offering will be used for general corporate and working capital purposes, including operating expenditures related to the new unmanned surface vessel division [2] Regulatory Filings - A shelf registration statement on Form S-3 was filed with the SEC on September 15, 2025, and was declared effective on September 17, 2025 [3] - The offering was made through a written prospectus and prospectus supplement that are part of the registration statement [3]