STOCK TITAN

Siyata Mobile Inc - SYTAW STOCK NEWS

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 (SYTAW) pioneers advanced cellular communication solutions for commercial fleets and critical industries. This dedicated news hub provides investors and professionals with verified updates on corporate developments, product innovations, and market expansions in rugged mobile technology.

Access official press releases covering earnings reports, strategic partnerships, and new deployments of Push-to-Talk over Cellular (PoC) devices. Our curated collection serves as a reliable resource for tracking SYTAW's progress in first responder communications, fleet management systems, and cellular booster technologies.

Key updates include enterprise-grade device launches, regulatory milestones, and international distribution agreements. Stay informed about solutions enhancing connectivity for transportation networks, utility providers, and public safety organizations worldwide.

Bookmark this page for streamlined access to SYTAW's evolving corporate story. Return regularly for authoritative updates on cellular innovations transforming mission-critical operations across industries.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.77%
Tags
-
News
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Siyata Mobile announced the closing of a public offering amounting to approximately $6.0 million in common shares and pre-funded warrants. Each common share was offered at $0.58. The company intends to use the proceeds for working capital, general corporate purposes, marketing services, and potential future acquisitions. Dominari Securities acted as the sole placement agent. The offering was conducted under a registration statement on Form F-1 which was filed with the SEC on June 6, 2024, and declared effective on June 26, 2024. The prospectus for the offer is available on the SEC's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

Siyata Mobile (NASDAQ:SYTA) has announced the pricing of a public offering worth approximately $6 million, consisting of common shares and pre-funded warrants at $0.58 per share ($0.01 less for pre-funded warrants). The proceeds will be used for working capital, general corporate purposes, marketing and advertising services, strategic investments, and potential future acquisitions. Dominari Securities is the sole placement agent for this offering, which is expected to close on June 28, 2024, pending customary closing conditions. The offer is made through the company's registration statement on Form F-1, declared effective by the SEC on June 26, 2024. A final prospectus will be filed with the SEC and will be accessible on its website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is the current stock price of Siyata Mobile (SYTAW)?

The current stock price of Siyata Mobile (SYTAW) is $0.0404 as of April 28, 2025.
Siyata Mobile Inc

Nasdaq:SYTAW

SYTAW Rankings

SYTAW Stock Data

790.00k
Communication Equipment
Technology
Link
Canada
Montreal