Global developer and provider of cellular communications systems Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) today announced a non-brokered private placement to raise $3.0M consisting of 7.5 million units, each at a price of $.40, with one strategic investor. According to the update, each unit will consist of one common share and one half warrant exercisable at $.60 per share for a period of two years. “Our Q3 has been very strong and the opportunity pipeline for Q4 sales and beyond is robust and continues to grow,” Siyata CEO Marc Seelenfreund stated in the news release. “ As our sales channels continue to grow worldwide, we want to strengthen our balance sheet with a strategic investor to ensure we remain well capitalized for our continued growth.”
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About Siyata Mobile Inc.
A TSX Venture Top 50 Company, Siyata Mobile Inc. is a leading global developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle products for professional fleets, marketed under the Uniden® Cellular brand. Since developing the world’s first 3G connected vehicle device, Siyata has been a pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet communications device in 2017. Incorporating voice, push-to-talk over cellular, data, and fleet management solutions into a single device, the company aims to become the connected vehicle communications device of choice for commercial vehicles and fleets around the world. Siyata also offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. Siyata’s customers include cellular operators, commercial vehicle technology distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia, and the Middle East. For more information, visit www.SiyataMobile.com and www.UnidenCellular.com.
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