Siyata Mobile (NASDAQ: SYTA, SYTAW), a global developer and vendor of Push-to-Talk over Cellular (“PoC”) handsets and accessories, has closed on its previously announced public offering. The offering was comprised of about $6 million of common shares as well as prefunded warrants to purchase common shares at $0.58 per share. According to the announcement, funds from the offering do not include any proceeds from the future exercise of the prefunded warrants issued in the offering. Siyata Mobile anticipates using the monies from the public offering for a variety of reasons, including working capital, general corporate purposes, payments to a third-party marketing agency for services related to marketing and advertising, and possible future acquisitions. Dominari Securities LLC acted as the sole placement agent in connection with the offering.
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About Siyata Mobile Inc.
Siyata Mobile is a business-to-business (“B2B”) global developer and vendor of next-generation, Push-to-Talk (“PTT”) over Cellular (“POC”) handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire and ambulance organizations as well as schools, utilities, security companies, hospitals, waste-management companies, resorts and many other organizations use Siyata PTT handsets and accessories. In support of its Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade, in-vehicle solutions and cellular booster systems enabling customers to communicate effectively when they are in their vehicles, even in areas where the cellular signal is weak. Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors. For more information about the company, visit www.SiyataMobile.com or www.UnidenCellular.com.
NOTE TO INVESTORS: The latest news and updates relating to SYTA are available in the company’s newsroom at http://ibn.fm/SYTA
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