RE:RE:Siyata is building a robust global distribution network!
AGM is coming up next week - August 3, 2023. It seems keeping the Nasdaq listing is a big issue.
See this excerpt from a news release of July 3, 2023:
"The Company's plan is to effect compliance with the Low Price Stocks Rule and the Minimum Bid Price Rule by effecting a reverse stock split. The Company will hold its Annual General Meeting of shareholders on August 3, 2023 and will request that its shareholders approve the proposal to authorize the reverse stock split at a ratio, determined by its Chief Executive Officer, that will result in the Common Shares trading above $1.00 per share."
With the current share count and the current price it appears they are looking at a bare minimum of 1 for 25 to get the price above a dollar. Failing that I guess it goes to the pink pages - but I'm not sure if that is how it works.
Apparently they have until August 12, 2023 to satisfy the Nasdaq admin. Seems next week will set the scene.