Siyata Mobile Announces Pricing Of ~$6 Million Public Offering Of Common Shares And Pre-Funded Warrants
Portfolio Pulse from Benzinga Newsdesk
Siyata Mobile Inc. (NASDAQ:SYTA) has announced the pricing of a public offering worth approximately $6 million, consisting of common shares and pre-funded warrants. The offering is priced at $0.58 per share, with proceeds intended for working capital, corporate purposes, marketing, strategic investments, and potential future acquisitions.
June 27, 2024 | 1:07 pm
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Siyata Mobile Inc. has announced a $6 million public offering of common shares and pre-funded warrants at $0.58 per share. The proceeds will be used for working capital, corporate purposes, marketing, strategic investments, and potential future acquisitions.
The announcement of a public offering often leads to a short-term decline in stock price due to dilution concerns. However, the use of proceeds for strategic investments and marketing could be beneficial in the long term.
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