InvestorNewsBreaks – Siyata Mobile Inc. (NASDAQ: SYTA) Secures $20M in Underwritten Public Offering
Jan 11, 2022
Siyata Mobile (NASDAQ: SYTA, SYTAW), a global vendor of push-to-talk over cellular (“PoC”) devices and cellular signal booster systems, has closed its previously announced underwritten public offering of 8,695,652 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and accompanying warrants to purchase up to 8,695,652 common shares. Each common share (or pre-funded warrant) was sold together with one common warrant at a combined effective offering price of $2.30. The common warrants were immediately exercisable at a price of $2.30 per common share and will expire five years from the date of issuance. Maxim Group LLC acted as sole book-running manager for the offering. Siyata has granted the underwriters a 45-day option to purchase up to an additional 1,304,347 common shares and/or common warrants to purchase up to 1,304,347 common shares at the public offering price less discounts and commissions. Siyata secured gross proceeds of approximately $20 million from the offering and intends to use the net proceeds to repay a portion of its outstanding senior secured convertible promissory note and for general corporate purposes, including working capital, growth strategies, research and development, and sales and marketing.
To view the full press release, visit https://ibn.fm/gsseE
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 improve communication, increase situational awareness and save lives. Its portfolio of enterprise 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.
NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.
More News
Shadow chancellor vows to cut at least one tax in every Tory budget
Shadow ministers unveiled a series of policies on day two of the Conservative Party conference in Birmingham.
Supreme Court Tangles Over a Major Climate Change Case
The justices began their new term with a landmark dispute over whether local governments can hold oil companies liable for damages from climate change.
Pentagon stops using Anthropic AI tools after blacklisting company, BBC told
It labelled Anthropic a "supply chain risk" in February after the firm refused to remove safety guardrails from its tools.
Karoline Leavitt, Trump’s ‘Machine Gun,’ Has a New Gig at Fox News
A fierce and nimble speaker, Ms. Leavitt is the third of Mr. Trump’s former press secretaries to join the cable news network.
Texas Pediatricians Face Paxton Investigations for Vaccinating Children
Ken Paxton, the Texas attorney general and Republican Senate candidate, has alleged a sprawling profit-driven conspiracy. Pediatricians say the accusations are an attempt at intimidation.
US Solar Panel Makers Try to Catch China With a Big Leap in Technology
Manufacturers say they are close to perfecting a new, more efficient solar panel that could help the United States reclaim ground it lost.
What’s the Right “Level of Care” for A.I.?
Another executive departed OpenAI, raising questions about the company’s commitment to safety.
Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel Scarce
As Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers
Why are data centres such a big deal in Scotland?
At least 23 huge data centres are planned in Scotland, causing significant concern for campaigners.
Trump chooses top spy boss to run new AI taskforce
The US president said his national intelligence chief will lead the group as worries over AI grow.
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.