ZenaTech Files Early Warning Report Pursuant to National Instrument 61-103

The most recent release dated 2026-04-17 is an Early Warning Report filed by ZenaTech, Inc. and its CEO, Dr. Shaun Passley. It confirms a combined ownership stake of approximately 10.1% in Boardwalktech Software Corp., acquired through purchases on the TSX Venture Exchange between $0.035 and $0.05 per share. This follows an initial filing on 2026-04-14 which was corrected to reflect the ownership percentage after adjusting for a recent private placement. The filing indicates ZenaTech holds 7,635,000 shares (9.40%) and Dr. Passley holds 500,000 shares (0.61%). While no formal written agreement exists, there is an understanding to coordinate voting and disposition. The stated purpose is investment, with potential participation in future financings.

This news is categorized as Routine - Positive. While a 10% stake by a corporate entity like ZenaTech is significant for a micro-cap company, this announcement serves primarily as a regulatory confirmation of the accumulation disclosed on April 14, 2026. Crucially, the shares were acquired on the secondary market ("purchases on the TSX Venture Exchange"), meaning Boardwalktech did not receive direct capital infusion from this specific transaction to alleviate its immediate cash crunch. The news validates the price floor established during the March 23 private placement ($0.035) but does not materially alter the company's liquidity position or debt obligations in the short term. It signals confidence from a strategic partner but lacks the immediacy of a direct investment or major contract win to be considered "Material - Positive."

Boardwalktech Software Corp. develops enterprise software solutions focused on digital ledger technology, AI-driven controls, and workflow automation. Flagship products include: - Velocity™: Platform for governance, risk, and compliance (GRC) in financial institutions. - Unity Central: AI-driven product for supply chain and order management. - Boardwalk Verity™: Launched Jan 2026, an AI-driven Intelligent Controls Platform for regulated organizations (banks/insurers). The company targets highly regulated enterprises but has faced revenue headwinds with YoY declines in recent quarters despite contract expansions.