ZenaTech. (NASDAQ: ZENA) ended Monday’s trading session on a positive note, closing at $2.43, up 2.53% for the day. The momentum didn’t stop there—investors doubled down in after-hours trading, sending the stock soaring 15.98% to $2.54 by 8:30 PM. The sharp uptick signals rising enthusiasm around the company’s latest strategic move, and it’s easy to see why.
ZenaTech Makes a Bold Move in the Drone Space
On May 20, 2025, ZenaTech, Inc.—a tech-forward innovator in AI-powered drones, Drone-as-a-Service (DaaS), SaaS, and Quantum Computing announced its intention to acquire a well-established Florida-based land survey engineering firm. This acquisition is expected to strengthen the company’s DaaS presence in a high-growth market and marks its fifth acquisition nationally, and fourth in the Southeast region.
“This target acquisition will strengthen our regional Florida coverage by delivering faster and more precise drone-powered surveys,” said Shaun Passley, Ph.D., CEO of ZenaTech. “With the global drone survey market growing over 19% annually, we’re building a scalable, recurring revenue business that captures long-term value across land surveys and legacy industries.”
Why This Acquisition Matters
Land surveys play a crucial role in infrastructure development, from roads and bridges to real estate and urban planning. ZenaTech is taking that to the next level by leveraging drones equipped with LiDAR, high-resolution imaging, and GPS systems to capture data that used to take weeks in just a matter of hours. This not only boosts efficiency but also lowers costs and enhances precision.
The Florida acquisition is more than just a geographic expansion—it’s a strategic bolt-on to an earlier land survey firm ZenaTech acquired, creating a stronger regional hub for drone-powered services in the Southeast U.S.
DaaS: A Growing Industry with SaaS-Style Convenience
ZenaTech’s Drone-as-a-Service (DaaS) model is built similarly to Software-as-a-Service (SaaS), offering customers a subscription or on-demand approach to drone technology. This allows governments, construction firms, developers, and even farmers to access cutting-edge drone solutions without the cost or complexity of owning and operating the technology themselves.
Everything—from certified drone pilots to hardware maintenance and regulatory compliance—is handled by ZenaTech. The result? Lower upfront costs, scalability, and ease of access to powerful aerial capabilities for industries that need it most.
What the Market Thinks
ZenaTech’s stock has gained 16.27% over the last two weeks, riding the wave of optimism around the company’s expansion strategy and growing market opportunity.
However, analysts expect a slight pullback, forecasting a 1.23% dip to $2.40 by June 3, 2025. The stock is expected to trade between $2.22 and $2.60, with a forecast score of 49/100, signaling a neutral outlook in the near term.
Bottom Line:
ZenaTech is carving out a serious presence in the drone-tech landscape, and their latest Florida acquisition could be a smart play in a market that’s not just growing—it’s evolving. With drone adoption accelerating across industries and ZenaTech’s DaaS model lowering the barrier to entry, the company is positioning itself to be a key enabler of next-gen infrastructure and innovation. Investors are taking note—and the after-hours action speaks volumes.
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