Siyata Mobile Announces $4.0 Million Public Offering

Siyata Mobile Inc., a global developer of Push-to-Talk over Cellular devices, has set the pricing for a $4.0 million public offering. This offering includes common shares and pre-funded warrants, each priced at $1.30. Siyata aims to allocate the funds raised towards working capital, general corporate purposes, marketing and advertising efforts via a third-party agency, and potential future acquisitions.

The CEO of Siyata, Marc Seelenfreund, expressed confidence in the ongoing U.S sales initiatives and anticipated further growth fueled by the new capital in 2024. He highlighted the company's ambition to lead the multi-billion-dollar market for Push-to-Talk technology.

Spartan Capital Securities, LLC is the exclusive placement agent for this transaction, which is anticipated to close on May 10, 2024, given standard closing conditions. The offering operates under Siyata’s SEC registration statement, declared effective as of May 7, 2024, involving subsequent filings under the Securities Act of 1933.