Siyata Mobile Raises $4 Million in Public Offering

VANCOUVER, BC, Aug. 14, 2024 – Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW), a leading developer of Push-to-Talk over Cellular (PoC) handsets and accessories, has announced the pricing of its public offering, which is expected to raise approximately $4 million. The company plans to allocate the proceeds for working capital, general corporate purposes, and to compensate a third-party marketing agency for advertising services. This offering is being conducted under the company’s registration statement on Form F-1, which was filed with the Securities and Exchange Commission (SEC) on August 2, 2024, and declared effective on August 13, 2024. Siyata Mobile specializes in rugged PTT handsets and accessories designed for first responders and enterprise workers, enabling instant communication over a nationwide cellular network. Their products are utilized by various organizations, including police, fire departments, ambulance services, schools, utilities, and security companies, enhancing situational awareness and potentially saving lives. The company’s common shares and publicly traded warrants are listed on the Nasdaq under the symbols “SYTA” and “SYTAW,” respectively. Interested parties can find more information about Siyata’s offerings and products on their official websites. Siyata also issued a caution regarding forward-looking statements, noting that actual results may differ due to various risks and uncertainties. The company encourages stakeholders to review the “Risk Factors” section in its SEC filings for a comprehensive understanding of potential challenges.