09:45 AM EST - ZenaTech, Inc. : Announced that it anticipates it will benefit significantly from provisions in the recently passed One Big Beautiful Bill Act . This includes $33 billion in direct spending to advanced drones, autonomous systems, and broader US defense modernization, representing the largest single investment in these next-generation technologies to date. The bill, signed into law on July 4th, 2025, also includes over $150 billion in new defense spending and restores vital tax and R&D incentives that support companies such as ZenaTech and its drone subsidiary ZenaDrone, that are focused on scaling next-generation aerospace technologies. “This legislation is a generational opportunity for US companies engaged in advanced defense manufacturing and drone innovation, and we view it as both a catalyst and confirmation of our long-term strategy,” said Dr. Shaun Passley, CEO of ZenaTech. “The bill unlocks substantial opportunities for us to partner with government and defense agencies, while also strengthening our financial position through R&D expensing and bonus depreciation. We are ready to be a leader in the next era of aerial intelligence and autonomy with secure American-made drone systems,” added Dr. Passley. ZenaTech, Inc.
shares N.ZENA are trading unchanged at $3.28.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ZENA&qmodStoryID=6433308658717969
