Siyata Mobile (NASDAQ: SYTA), a global developer and vendor of push-to-talk over cellular (“PoC”) handsets and accessories, has announced the closing of its public offering of 1,870,000 common shares and 530,000 pre-funded warrants to purchase common shares at a public offering price of $0.65 per share and $0.64 per pre-funded warrant. The gross proceeds to Siyata were approximately $1.6 million, of which the company intends to use for working capital and general corporate purposes. Maxim Group LLC acted as the sole placement agent in connection with the offering.
In addition, the company today announced that it has received a $750,000 order for its push-to-talk (“PTT”) handsets combined with Synch Communication (“Synch”) command and control solutions. As previously disclosed, Siyata is partnering with Synch to provide essential communication solutions for first responders in Israel. The collaboration integrates the Synch application for PTT communication, command and control with Siyata’s rugged PTT handsets to enhance communication capabilities in emergency environments. “Combining Synch’s high-performing command and control platform with our ruggedized hardware creates a powerful and reliable communications solution for use by first responders in Israel,” said Marc Seelenfreund, CEO of Siyata. “We are eager to deliver this first tranche of handsets and look-forward to expanding our relationship with Synch as users benefit from improved, mission critical communication.”
To view the full press releases, visit https://ibn.fm/4UK5I and https://ibn.fm/jDpmL
About Siyata Mobile Inc.
Siyata Mobile is a B2B global developer and vendor of next-generation push-to-talk (“PTT”) over cellular 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 today. In support of its PTT handsets and accessories, Siyata also offers enterprise-grade in-vehicle solutions and cellular booster systems enabling its customers to communicate effectively when they are in their vehicles, and 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. Siyata’s common shares and its previously issued warrants trade on the Nasdaq under the symbols SYTA and SYTAW, respectively. Visit SiyataMobile.com and UnidenCellular.com to learn more.
NOTE TO INVESTORS: The latest news and updates relating to SYTA are available in the company’s newsroom at https://ibn.fm/SYTA
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