VANCOUVER, BC, Aug. 14,
2024 /CNW/ -- Siyata Mobile Inc. (Nasdaq:
SYTA) (Nasdaq: SYTAW) ("Siyata" or the
"Company"), a global developer and vendor of
Push-to-Talk over Cellular (PoC) handsets and
accessories, announces the pricing of its public offering of
approx. $4 million of common shares,
and/or pre-funded warrants to purchase common shares at a public
offering price of $1.70 per share
(minus $0.01 per pre-funded warrant).
The Company intends to use the proceeds of the offering for working
capital, general corporate purposes, and payments to a third-party
marketing agency for services related to marketing and
advertising.
Spartan Capital Securities, LLC is acting as the sole placement
agent in connection with the offering.
The offering is expected to close on August 15, 2024, subject to customary closing
conditions. The offering is being conducted pursuant to the
Company's registration statement on Form F-1, as amended (File No.
333-281218), initially filed with the Securities and Exchange
Commission (the "SEC") on August 2,
2024, and subsequently declared effective by the SEC on
August 13, 2024. A final prospectus relating to the offering
will be filed with the SEC and will be available on the SEC's
website at https://www.sec.gov/. Copies of the final prospectus
relating to this offering may be obtained from Spartan Capital
Securities, LLC, at 45 Broadway, 19th Floor, New York, NY 10006.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
About Siyata Mobile
Siyata Mobile Inc. is a B2B global developer and vendor of
next-generation Push-To-Talk over Cellular handsets and
accessories. Its portfolio of rugged PTT handsets and accessories
enables first responders and enterprise workers to instantly
communicate over a nationwide cellular network of choice, to
increase situational awareness and save lives. Police, fire and
ambulance organizations as well as schools, utilities, security
companies, hospitals, waste management companies, resorts and many
other organizations use Siyata PTT handsets and accessories
today.
In support of our Push-to-Talk handsets and accessories, Siyata
also offers enterprise-grade In-Vehicle solutions and Cellular
Booster systems enabling our customers to communicate effectively
when they are in their vehicles, and even in areas where the
cellular signal is weak.
Siyata sells its portfolio through leading North American
cellular carriers, and through international cellular carriers and
distributors.
Siyata's common shares trade on the Nasdaq under the symbol
"SYTA", and our publicly traded warrants trade on the Nasdaq under
the symbol "SYTAW".
Visit https://siyata.net and unidencellular.com to
learn more.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," and similar expressions
or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on Siyata's current expectations, they
are subject to various risks and uncertainties, and actual results,
performance, or achievements of Siyata could differ materially from
those described in or implied by the statements in this press
release. The forward-looking statements contained or implied in
this press release are subject to other risks and uncertainties,
including those discussed under the heading "Risk Factors" in
Siyata's filings with the Securities and Exchange Commission
("SEC") and in subsequent filings with the SEC. Except as otherwise
required by law, Siyata undertakes no obligation to publicly
release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. References and links to
websites and social media have been provided as a convenience, and
the information contained on such websites or social media is not
incorporated by reference into this press release.
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SOURCE Siyata Mobile Inc.