As of November 4, 2026, 3 holders' latest Schedule 13D or 13G filings report owning 5% or more of Zone Frontier, Inc. The largest reported stake is Ansari Mohammad Jawad's, at 11.8%. 10 filings are on record since September 4, 2025 (Schedule 13D/A, September 4, 2025).
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Key facts
- · Reporting person: Chris Kostopoulos · Sole voting: 0 · Shared voting: 480,845 · Sole dispositive: 0 · Shared dispositive: 480,845 · SCHEDULE 13G, 2026-11-03
- · Reporting person: MMCAP International Inc. SPC · Sole voting: 0 · Shared voting: 13,950,444 · Sole dispositive: 0 · Shared dispositive: 13,950,444 · SCHEDULE 13G/A, 2026-08-14
- · Holder: Vanguard Capital Management · Percent: 4.87% · SCHEDULE 13G/A
- · Holder: MMCAP International Inc. SPC · Percent: 8% · SCHEDULE 13G/A
- · Holder: Vanguard Capital Management · Percent: 5.65% · SCHEDULE 13G
Zone Frontier, Inc. has 10 Schedule 13D or 13G filings on record since 2025-09-04. 3 holders' latest filing reports 5% or more of common stock. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 11.8% | 1,323,707 | SCHEDULE 13D/A, 2025-09-04 | 2025-09-02 | |
| MMCAP International Inc. SPC | 6.3% | 13,950,444 | SCHEDULE 13G/A, 2026-08-14 | 2026-06-30 |
| 5.66% | 480,845 | SCHEDULE 13G, 2026-11-03 | 2026-10-16 | |
| Vanguard Capital Management | 4.87% | 10,830,187 | SCHEDULE 13G/A, 2026-07-31 | 2026-06-30 |
| Ayrton Capital LLC | 0.37% | 750,000 | SCHEDULE 13G/A, 2026-02-11 | 2025-12-31 |
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What the Full Report on Zone Frontier, Inc. covers
The Short Answer
Which Company This Is
What They Do, And How The Money Works
Who Runs It, And How To Reach Them
The Money: Funding, Valuation, Runway
Who Pays Them, And Who They Are Up Against
Warning Bells
Sources
14 cited sources found
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| MMCAP International Inc. SPC | 0 | 13,950,444 | 0 | 13,950,444 | SCHEDULE 13G/A, 2026-08-14 |
| MM Asset Management Inc. | 0 | 13,950,444 | 0 | 13,950,444 | SCHEDULE 13G/A, 2026-08-14 |
| Chris Kostopoulos | 0 | 480,845 | 0 | 480,845 | SCHEDULE 13G, 2026-11-03 |
| Aokco Family Office Inc. | 0 | 247,512 | 0 | 247,512 | SCHEDULE 13G, 2026-11-03 |
| Aokco Ltd. | 0 | 233,333 | 0 | 233,333 | SCHEDULE 13G, 2026-11-03 |
The latest filing identifies Zone Frontier, Inc. by CUSIP 184492205 and gives its principal executive office as 5718 Westheimer Road, Suite 1000, Houston, TX 77057 (SCHEDULE 13G, 2026-11-03).
Purpose of Transaction (Item 4)
Ansari Mohammad Jawad
The Reporting Persons do not have any current intention, plan or proposal with respect to: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present Board or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's certificate of incorporation, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange, if any, or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of a registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above.Item 4 of the SCHEDULE 13D/A filed 2025-09-04
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-09-04 | Ansari Mohammad Jawad | 11.8% | SCHEDULE 13D/A |
| 2025-11-13 | Ayrton Capital LLC | 5.45% | SCHEDULE 13G |
| 2025-11-18 | MMCAP International Inc. SPC | 5.5% | SCHEDULE 13G |
| 2026-02-11 | Ayrton Capital LLC | 0.37% | SCHEDULE 13G/A |
| 2026-02-13 | MMCAP International Inc. SPC | 9.1% | SCHEDULE 13G/A |
| 2026-04-29 | Vanguard Capital Management | 5.65% | SCHEDULE 13G |
| 2026-05-11 | MMCAP International Inc. SPC | 8% | SCHEDULE 13G/A |
| 2026-07-31 | Vanguard Capital Management | 4.87% | SCHEDULE 13G/A |
| 2026-08-14 | MMCAP International Inc. SPC | 6.3% | SCHEDULE 13G/A |
| 2026-11-03 | Chris Kostopoulos | 5.66% | SCHEDULE 13G |
Questions about who owns Zone Frontier, Inc.
Who owns Zone Frontier, Inc.?
On this page, 3 holders' latest ownership filings report 5% or more of Zone Frontier, Inc.: Ansari Mohammad Jawad (11.8%, Schedule 13D/A, filed 2025-09-04), MMCAP International Inc. SPC (6.3%, Schedule 13G/A, filed 2026-08-14) and Chris Kostopoulos (5.66%, Schedule 13G, filed 2026-11-03).
Who are the largest shareholders of Zone Frontier, Inc.?
By the share each holder's latest filing reports, the largest holders of Zone Frontier, Inc. on this page are Ansari Mohammad Jawad (11.8%), MMCAP International Inc. SPC (6.3%) and Chris Kostopoulos (5.66%).
When did Ansari Mohammad Jawad buy into Zone Frontier, Inc.?
The filings give report dates, not purchase dates. The earliest filing from Ansari Mohammad Jawad on this page is the Schedule 13D/A, filed 2025-09-04, reporting 11.8%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 10 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Zone Frontier, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| October 29, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
| September 11, 2026 | Leadership change: David Enholm departs, Chief Financial Officer | — | Leadership changes | Source |
| July 7, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
| May 28, 2026 | Leadership change: David Enholm departs, Director, and 1 more | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.
