Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) (FRA: WK3D) (NASDAQ: SYTA, SYTAW), a B2B global vendor of next-generation cellular solutions, today announced the pricing of its U.S. initial public offering (“IPO”) of 2,100,000 units at a price of US$6.00 per unit. According to the update, each unit consists of one common share and one warrant to purchase one common share. The common shares and warrants are immediately separable from the units and will be issued separately. Approved to list on the Nasdaq Capital Market, the common shares and warrants commenced trading on September 25, 2020, under the symbols “SYTA” and “SYTAW.” Siyata expects approximately US$12.6 million in gross proceeds from the offering, before deducting underwriting discounts, commissions and other estimated expenses.
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Siyata Mobile Inc. is a B2B global vendor of next-generation push-to-talk over cellular (“PTT”) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to improve communication, increase situational awareness and save lives.
Its portfolio of enterprise cellular booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible.
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