InvestorNewsBreaks – Siyata Mobile Inc. (NASDAQ: SYTA) (TSX.V: SIM) Releases Pricing for Underwritten Public Offering

Jan 7, 2022

Siyata Mobile (NASDAQ: SYTA, SYTAW) (TSX.V: SIM), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, has announced pricing for its underwritten public offering. The offering is comprised of more than 8,500,000 common shares or prefunded warrants to purchase common shares as well as accompanying warrants to purchase up to the same number of common shares. Each share or prefunded warrant is being sold with one common warrant for $2.30. According to the announcement, the common warrants will be immediately exercisable at the same price; warrants are set to expire five years from the date of issuance. The offering is expected to result in approximately $20 million in gross proceeds for the company, which plans to use the funds to repay a portion of an outstanding senior secured convertible promissory note as well as for general corporate purposes such as working capital, growth strategies, research and development, and sales and marketing. Siyata noted that the offering is expected to close on or about Jan. 11, 2022.

To view the full press release, visit https://ibn.fm/38nqs

About Siyata Mobile Inc.

Siyata Mobile is a B2B global vendor of next-generation Push-To-Talk over Cellular (“PTT”) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to improve communication, increase situational awareness and save lives. Its portfolio of enterprise cellular booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible. For more information about the company, visit www.SiyataMobile.com.

NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF

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