Siyata Mobile (NASDAQ: SYTA, SYTAW) (TSX.V: SIM), a global vendor of Push-to-Talk (“PTT”) over Cellular (“PoC”) and cellular signal booster solutions, has entered into a securities purchase agreement. According to the announcement, the registered direct offering agreement is with specific institutional investors and involves the purchase of 51,450,000 common shares at $0.045 per share, which should result in an estimated $2.3 million gross proceeds for the company. Typical placement agent fees, commissions and other offering expenses will be deducted. The announcement noted that the offering is anticipated to close on or about July 13, 2023, and is subject to customary closing conditions. Maxim Group LLC is acting as sole placement agent in connection with the offering.
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About Siyata Mobile Inc.
Siyata Mobile is a B2B global vendor of next-generation, Push-to-Talk over cellular devices, cellular booster systems and video-monitoring systems. Its portfolio of in-vehicle and rugged devices enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives. The company’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 the maximum cellular signal strength possible. For its video monitoring system, Siyata integrates software licensed with off-the-shelf hardware providing customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. For more information about the company, visit www.SiyataMobile.com or www.UnidenCellular.com.
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