Siyata Mobile Inc Stock Price, News & Analysis

Siyata Mobile has announced a partial exercise of the over-allotment option related to its U.S. IPO closed on September 29, 2020. The company issued 120,000 additional common shares and 266,000 additional common share purchase warrants, generating gross proceeds of USD $721,460. Each warrant allows the purchase of one common share at an exercise price of USD $6.85 for five years. Proceeds from the offering will be allocated for sales, marketing, growth capital, and R&D purposes.

Siyata Mobile (Nasdaq: SYTA, SYTAW) has partnered with Fleet Complete for FirstNet to enhance school bus transportation safety in the U.S. This collaboration aims to improve fleet management and communication solutions for school buses through advanced vehicle analytics, GPS tracking, and Enhanced Push-to-Talk capabilities. The FirstNet Ready™ Uniden® UV30 device will integrate with Fleet Complete's mobile apps, providing real-time tracking and reliable communication tools for drivers. With over 500,000 school buses in the U.S., this initiative targets a significant market for Siyata.

Siyata Mobile has appointed Peter Goldstein to its Board of Directors, bringing over 30 years of experience in capital markets, M&A, and strategic planning. Goldstein played a pivotal role in the company's recent $12.6 million IPO and NASDAQ listing. He expressed enthusiasm about supporting Siyata's growth strategies. Additionally, Richard Hoy has resigned from the board, with the company thanking him for his contributions. Siyata specializes in Push-To-Talk over Cellular devices and cellular booster systems for first responders and enterprise workers.

Siyata Mobile is hosting a live investor webinar on October 29, 2020, at 2:00 PM ET. The session will feature an updated investor presentation detailing current operations, industry metrics, and future milestones for its products, including Rugged Handsets, In-Vehicle Devices, and Cellular Boosters. Interested parties can register for the webinar here. The company's presentation is available on its website.

Siyata Mobile has secured a USD$650,000 purchase order to supply its rugged Push-to-Talk (PTT) devices for homeland security in the Middle East. The devices are aimed at enterprise users, enhancing communication and worker safety. CEO Marc Seelenfreund highlighted this order as evidence of the ongoing demand for their rugged PTT portfolio, which combines the functionality of smartphones with robust performance for tough environments.

Siyata’s products enable nationwide communication and are designed for public safety scenarios, showcasing their commitment to improving situational awareness and safety.

Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW) announced the delisting of its common shares from the TSX Venture Exchange (TSXV), effective October 19, 2020, at the company's request. The shares began trading on NASDAQ on September 25, 2020, following a successful U.S. IPO. Current shareholders can continue trading on NASDAQ without impact from the TSXV delisting. CEO Marc Seelenfreund expressed optimism regarding future U.S. growth and the company's strong investor base in Canada. Siyata specializes in Push-To-Talk (PTT) devices and cellular booster systems for first responders and enterprise workers.

Siyata Mobile has appointed LaRue Martz as the new US VP of Sales for its Uniden® cellular signal booster portfolio. Martz brings over 20 years of sales experience in telecommunications, previously working with AT&T, Nextivity, Samsung, and Huawei. The company expects Martz to help expand its cellular booster business in response to the rising demand due to poor network coverage and the shift towards cellular communication. The global cellular signal booster market is forecasted to grow from $8.2 billion in 2017 to $17.6 billion by 2025, indicating significant growth potential.

Siyata Mobile has partnered with Source Inc. to promote its Uniden UV350 in-vehicle communications device through a distribution agreement, targeting Verizon B2B customers. During Q4 2020, Source Inc. will run promotions for the UV350, which features LTE connectivity, Push-to-Talk Over Cellular, and advanced sound quality. This partnership aims to enhance wireless communication for professional drivers. Siyata's UV350 is notable for integrating multiple functions into a single device, optimizing communication for the construction and paving industries, thereby facilitating safe and effective operations.

Siyata Mobile Inc. (SYTA, SYTAW) announced plans to release its Q2 financial results on or before October 13, 2020. The company will utilize BC Instrument 51-517, allowing an extension for filing interim financial statements and management discussions for the period ended June 30, 2020. Currently, no material business developments have occurred since the last filing on June 30, 2020. Management and insiders are currently restricted from trading the company's shares until the required documents are filed.