InvestorNewsBreaks – Siyata Mobile Inc. (NASDAQ: SYTA) Announces Closing of $1.6M Public Offering, $750K Order for Use by First Responders in Israel

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

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.