Welcome to our dedicated page for Siyata Mobile news (Ticker: SYTAW), a resource for investors and traders seeking the latest updates and insights on Siyata Mobile stock.
Siyata Mobile Inc. news covers the issuer's transition from a Push-to-Talk over Cellular handset and accessories vendor into Core AI Holdings Inc. after the completed Core Gaming merger. Recurring updates include SD7 and SD7 ULTRA device developments, carrier approvals, in-vehicle mounting and accessory partnerships, and cellular booster or enterprise vehicle communications offerings.
Company updates also include capital-structure disclosures, material agreements, operating and financial results, and AI technology initiatives associated with Core Gaming and Core AI, including mobile applications, generative-AI creative tools, and AI-ready data center infrastructure relationships.
Siyata Mobile Inc. (NASDAQ: SYTA) has achieved Bureau of Indian Standards (BIS) certification for its SD7 handset battery and power supply. This certification allows governments and enterprises in India to procure Siyata's SD7 handsets through the company's in-country reseller, Consort Digital. The BIS certification affirms the quality, safety, and reliability of Siyata's products for the Indian market.
The SD7 handset, integrated with Consort Digital's MCX ONE Solution, offers a state-of-the-art Mission Critical 'X' solution for first responders and enterprise customers. With 1.1 billion cellular subscribers, India represents a massive market opportunity for Siyata's Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems.
Siyata Mobile Inc. (NASDAQ: SYTA, SYTAW), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, will be exhibiting at the EMS World Expo from September 9-13, 2024, at the Las Vegas Convention Center. The company will showcase its SD7 handsets and related accessories at Booth 3017 in the West Hall, targeting EMS agencies and community first responders with secure and reliable communications solutions.
The EMS World Expo is recognized as the leading education event for emergency medical service providers globally, featuring discussions on evolving treatment strategies, technological breakthroughs, and advanced procedures to improve patient care.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has closed its previously announced public offering, raising approximately $4.0 million through the sale of common shares and pre-funded warrants. The offering was priced at $1.70 per share. Siyata, a global developer of Push-to-Talk over Cellular handsets and accessories, plans to use the proceeds for working capital, general corporate purposes, and marketing expenses. Spartan Capital Securities, acted as the sole placement agent for the offering, which was conducted under Siyata's Form F-1 registration statement. The final prospectus is available on the SEC's website.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW), a global developer of Push-to-Talk over Cellular handsets and accessories, has announced the pricing of a $4 million public offering of common shares and pre-funded warrants. The offering is priced at $1.70 per share (minus $0.01 per pre-funded warrant). Proceeds will be used for working capital, general corporate purposes, and marketing expenses. Spartan Capital Securities, is the sole placement agent. The offering, conducted under the Company's Form F-1 registration statement, is expected to close on August 15, 2024, subject to customary conditions. A final prospectus will be available on the SEC's website.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has announced a 1-for-18 reverse stock split of its common shares, effective August 2, 2024. This move is primarily aimed at maintaining Nasdaq listing compliance by meeting the $1.00 minimum bid price requirement. The company's shares will continue trading under the symbol 'SYTA' with a new CUSIP number. The reverse split will automatically convert 18 current shares into one new share, adjusting all outstanding stock options, warrants, and convertible securities accordingly. No fractional shares will be issued, with all fractions rounded up. While the split doesn't change the par value or authorized number of shares, it's important to note that compliance with Nasdaq's minimum bid price is not guaranteed.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has received an order for its SD7 Push-to-Talk (PTT) Handsets and VK7 Vehicle Kits from the City of Hawaiian Gardens, California. This order represents a shift from legacy two-way radios to Siyata's Push-to-Talk over Cellular (PoC) solution. The upgrade provides the city with ruggedized hardware, unlimited range for communication across departments, and a more cost-effective alternative to replacing existing end-of-life two-way radios.
CEO Marc Seelenfreund highlighted the potential for growth in the government sector, as municipalities seek solutions to reduce costs and improve service. The new system will benefit the city's Public Works, Recreation and Community Service, Public Safety, and Community Development departments by eliminating the signal boundary limitations of traditional two-way radios.
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) has secured an order from Bensalem Township School District in Pennsylvania for its SD7 Push-to-Talk (PTT) handsets, VK7 Vehicle Kits, and related accessories. The school district, serving about 7,100 students, will deploy these devices for its bus transportation services. The selection was primarily based on the ease of use of Siyata's devices, replacing previous complicated systems.
The district's Transportation Coordinator, Fred Sponheimer, highlighted the clear communication provided by the radio over cellular network and the flexibility of a second channel for special circumstances. The school district aims to equip its entire fleet with Siyata's devices in the future, indicating potential for further business growth.
Siyata Mobile (Nasdaq: SYTA, SYTAW) has announced that the Zello push-to-talk (PTT) application is now integrated into its SD7 handsets. This collaboration aims to enhance communication solutions, especially for first responders, public safety, and various essential services. The Zello app is widely used for its reliability and clarity in communication. The integration is expected to broaden Siyata's market reach and boost device sales. Recent purchases from Westchester County, NY, and positive feedback from River Road Rescue Squad in NJ underscore the demand for this combined solution.
Siyata Mobile has appointed Bob Escalle as Vice President of Public Safety, enhancing its leadership team with his extensive 30-year experience. Escalle, formerly a director at Samsung’s Mission Critical Push-to-Talk team, brings expertise in U.S., European, and Asian markets. CEO Marc Seelenfreund highlighted the $7 billion Push-to-Talk over Cellular (PoC) industry and emphasized the growing focus on public safety. Escalle's background with companies like Motorola Solutions and ESChat will be instrumental as Siyata aims to become a global PoC leader. Escalle expressed enthusiasm about Siyata's unique market position and next-generation 5G technology.
Siyata Mobile (Nasdaq: SYTA, SYTAW) has announced a strategic investment in Canadian Towers & Fiber Optics (CT&FO), a company developing telecommunications infrastructure in Mexico. CT&FO owns the largest dark fiber optic network in Central Mexico, with Telefonica as its anchor tenant under a 20-year lease. This investment provides Siyata with access to the growing telecommunications market in Latin America, particularly Mexico, the second-largest market in the region's $81 billion telecommunications industry. CT&FO has 24 deployed towers and plans to develop over 1,000 additional towers. The partnership aims to expand business opportunities for Siyata's Push-to-Talk (PTT) handsets in Central Mexico and across Latin America.