Siyata Mobile Announces Pricing Of $4M Public Offering Of Common Shares And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile Inc. announced a public offering of $4M in common shares and/or pre-funded warrants at $1.30 per share. The proceeds are intended for working capital, general corporate purposes, marketing, and potential future acquisitions. CEO Marc Seelenfreund highlighted the company's traction in US sales and its goal to lead the Push-to-Talk over Cellular market. Spartan Capital Securities, LLC is the sole placement agent for the offering, expected to close on May 10, 2024.
May 08, 2024 | 1:08 pm
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Siyata Mobile Inc. announces a $4M public offering at $1.30 per share to support growth and market leadership aspirations in the Push-to-Talk sector.
The public offering is likely to provide Siyata with the necessary capital to fuel its growth and marketing efforts, potentially leading to an increase in its stock price in the short term. The positive outlook shared by the CEO regarding the company's traction in US sales and the goal to lead the Push-to-Talk market may also contribute to investor optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100