Siyata Mobile Inc Stock Price, News & Analysis

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 received approval from Telstra, Australia's leading cellular carrier, for its UV350 vehicle fleet communication device. This device is the world's first 4G/LTE, all-in-one system that facilitates cellular voice calls, Push-to-Talk over Cellular (PoC), and data applications, aimed at enhancing communications for professional drivers and first responders. The approval supports Siyata's goal to expand its presence in the PoC market. The company plans to collaborate further with Telstra on additional device approvals.

Siyata Mobile will release its second quarter 2021 financial results on October 14, 2021, after market close. A conference call is scheduled for October 15, 2021, at 8:30 a.m. ET to discuss these results and corporate developments. The company specializes in Push-to-Talk over Cellular devices and cellular signal booster systems, aiming to enhance communication and safety for first responders and enterprise users. The results and the call are anticipated by investors, with potential implications for stock performance under the ticker symbols SYTA and SYTAW.

Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW) has partnered with Esper to enhance its SD7 handsets, designed for mission-critical Push-to-Talk (MCPTT) applications. This collaboration will integrate Esper's Android Enterprise Mobility Management (EMM) software into the SD7, facilitating streamlined device onboarding, remote updates, and customization. Expected to launch in North America in fall 2021, the SD7 aims to serve enterprise and public safety sectors, providing rugged, reliable communication devices, ultimately improving operational efficiency.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) will exhibit its communication products, including the SD7 and UV350, at the International Wireless Communication Expo from September 27-30, 2021 in Las Vegas.

The SD7 serves over two million first responders in the U.S., enhancing emergency communication. The UV350 is a dedicated in-vehicle smartphone, and Siyata's cellular boosters improve signal quality for various users. The event gathers over 7,000 industry professionals, marking a significant opportunity for Siyata to showcase its leadership in the Push-to-Talk over Cellular market.