Siyata Mobile Inc., a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, has announced the successful completion of its public offering, raising approximately $4.0 million. The offering included common shares and pre-funded warrants, sold at a price of $1.70 per share.
The company plans to use the proceeds for various purposes, including bolstering working capital, covering general corporate expenses, and funding marketing initiatives. To support their marketing efforts, Siyata has partnered with a third-party agency to enhance their marketing and advertising campaigns.
Spartan Capital Securities, LLC acted as the sole placement agent for the offering, which was conducted under the company’s registration statement on Form F-1, as amended, filed with the Securities and Exchange Commission (SEC). The offering was declared effective by the SEC on August 13, 2024.
Siyata Mobile specializes in providing next-generation Push-to-Talk over Cellular handsets and accessories for businesses. Their rugged PTT devices enable first responders and enterprise workers to communicate instantly over cellular networks, enhancing situational awareness and potentially saving lives.
The company’s solutions are widely used across various sectors, including police, fire, ambulance, schools, utilities, security companies, hospitals, and more. In addition to their PTT offerings, Siyata also provides enterprise-grade In-Vehicle solutions and Cellular Booster systems, ensuring effective communication for their customers, even in areas with weak cellular signals.
Siyata Mobile’s common shares are traded on the Nasdaq under the symbol “SYTA,” while their previously issued warrants are traded under the symbol “SYTAW.” You can learn more about Siyata Mobile and their products by visiting their websites: siyatamobile.com and unidencellular.com.
