Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile Inc. (NASDAQ:SYTA) has announced its participation in the 2022 Virtual Growth Conference, hosted by Maxim Group LLC on March 28th - 30th. Daniel Kim, VP of Corporate Development, will present on March 29 at 10:00 AM ET. The conference will feature leaders from various sectors, offering company insights and live Q&A sessions. Siyata provides Push-to-Talk devices, enhancing communication for first responders and enterprise workers globally. Investors interested in attending can register through M-Vest.

Siyata Mobile Inc. (NASDAQ:SYTA) has secured $750,000 in purchase orders from an emergency medical service provider and an international defense contractor in the EMEA region. The orders involve the company’s rugged Push-to-Talk (PTT) devices, tailored for enterprise users facing challenging environments. CEO Marc Seelenfreund emphasizes the ongoing demand for these devices, predicting further large-scale orders throughout 2022. Siyata aims to enhance communication and safety for first responders and enterprise personnel using its innovative cellular boost systems and PTT technology.

Siyata Mobile (NASDAQ:SYTA, SYTAW) announced the rollout of its SD7 device through Goosetown Communications, aimed at enhancing communication for first responders and public service personnel. The SD7, a rugged Push-to-Talk over Cellular device, is designed to improve connectivity and functionality compared to traditional land mobile radio systems. Key features include LTE, Wi-Fi, and Bluetooth capabilities, making it suitable for harsh environments. Siyata's CEO expressed confidence in the SD7's value, particularly for the commercial and public safety sectors.

Siyata Mobile Inc. has announced a new distribution agreement with TESSCO Technologies, allowing TESSCO to distribute Siyata’s Uniden cellular signal boosters. Sales are expected to commence in Q1 2022. The partnership will enable TESSCO to co-brand these products with Ventev’s accessories, targeting professional and first responder markets. Siyata aims to enhance its market presence through TESSCO’s extensive distribution network, anticipating a positive revenue impact from this collaboration.

Siyata Mobile Inc. (NASDAQ:SYTA,SYTAW) has completed an underwritten public offering, raising approximately $20 million. The offering included 8,695,652 common shares and accompanying warrants, priced at $2.30 each. A 45-day option for underwriters to purchase additional shares was granted, of which 1,304,347 warrants were partially exercised. The proceeds will be used to repay a portion of senior secured convertible notes and for general corporate purposes, including working capital and growth strategies.

Siyata Mobile Inc. (NASDAQ:SYTA)(NASDAQ:SYTAW) announced a public offering of 8,695,652 common shares at $2.30 each, potentially raising approximately $20 million before expenses. Each share comes with a warrant to purchase an additional common share, which is immediately exercisable. The offering is expected to close around January 11, 2022. Proceeds will primarily repay a senior secured convertible promissory note and support general corporate purposes, including growth strategies and R&D. The underwriters have a 45-day option for an additional 1,304,347 shares.

Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has secured a $1.3 million purchase order from police and first responder clients in the EMEA region. This order boosts year-to-date sales for the company's SD7 and VK7 products to over $1.8 million. The SD7 is a ruggedized Push-To-Talk device designed for demanding environments, while the VK7 enhances in-vehicle communication. Siyata anticipates continued growth in adoption due to its innovative product capabilities, aiming to address limitations of traditional land mobile radios.

Siyata Mobile Inc. has announced initial orders for its SD7 ruggedized device, totaling $550,000, from customers in the U.S. and EMEA. The SD7 is designed for first responders and enterprise customers, offering an affordable solution with extensive functionality. Its durability features include an IP68 rating and robust battery life, making it suitable for harsh environments. CEO Marc Seelenfreund anticipates widespread adoption of the SD7, reflecting the company's capability to meet critical technology needs.

Siyata Mobile Inc. (SYTA) has launched the VK7, a patent-pending vehicle kit accessory designed specifically for the SD7 Push-to-Talk (PoC) handset. This innovative solution creates an in-vehicle experience akin to traditional land mobile radios (LMR). The VK7 includes a 20-watt speaker and supports external antennas, enhancing cellular connectivity.

CEO Marc Seelenfreund emphasized the potential of this product for enterprise, first responders, and public safety markets. The SD7 handset's rugged design and advanced features position it well for demanding environments.