Siyata Mobile (NASDAQ: SYTA, SYTAW) (TSX.V: SIM), a leading global developer and provider of Push-to-Talk Over Cellular (“PTT/PoC”) systems for enterprise customers, announced that underwriters have partially exercised the over-allotment option outlined in SYTA’s U.S. initial public offering; that offering closed on Sept. 29, 2020. Consequently, Siyata has issued an additional 120,000 common shares in the capital of the company along with 266,000 additional common share purchase warrants, resulting in aggregate gross proceeds of $721,460. Siyata has announced that net proceeds from the offering will be earmarked for sales and marketing, growth capital, and research and development with any remaining funds going to working capital. An additional warrant gives the holder the right to obtain one common share of the company at an exercise price identified at $6.85 over the next five years. Information regarding the offering was filed previously with the Securities and Exchange Commission, which declared the offering effective.
To view the full press release, visit https://ibn.fm/UShXD
About Siyata Mobile Inc.
Siyata Mobile 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. For more information, visit the company’s websites at https://www.siyatamobile.com and http://unidencellular.com.
NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.