InvestorNewsBreaks – Siyata Mobile Inc. (NASDAQ: SYTA) Closes on $4M Registered Direct Offering
Oct 13, 2022
Siyata Mobile (NASDAQ: SYTA), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, has closed on its previously announced registered direct offering. According to the announcement, Siyata entered into a securities purchase agreement with specific institutional investors; the agreement was for the purchasing of an estimated $4 million of the company’s common shares, or prefunded warrants in lieu thereof, comprising a registered direct offering and warrants to purchase common shares in a concurrent private placement. As part of the securities purchase agreement, SYTA sold 15,810,000 common shares and 1,590,000 prefunded warrants. As part of the private placement, Siyata issued warrants to purchase up to 17,400,000 common shares; the private placement was completed concurrently with the offering. Siyata received approximately $4 million gross proceeds from the transactions, which the company plans to use for general corporate and working capital purposes.
To view the full press release, visit https://ibn.fm/wlQi0
About Siyata Mobile Inc.
Siyata Mobile is a B2B global vendor of next-generation Push-to-Talk over Cellular (“PoC”) 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 increase situational awareness and save lives. Siyata’s portfolio of enterprise-grade and consumer 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 about the company, visit www.SiyataMobile.com or www.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
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