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Bullboard - Stock Discussion Forum Siyata Mobile Inc SYTA

Alternate Symbol(s):  SYTAW

Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 4G mobile networks. The company offers rugged phones for industrial users and signal boosters for homes, buildings, and fleets with poor cell coverage. It acts as a developer and provider of cellular communications systems for enterprise customers, specializing in connected vehicle... see more

NDAQ:SYTA - Post Discussion

Siyata Mobile Inc > SYTA..... My bad. I stand corrected re: P.O
View:
Post by Iseneschal on Apr 19, 2023 3:55pm

SYTA..... My bad. I stand corrected re: P.O

What u r seeing today are warrants being exercised and of course the volume increase.....is this a good thing ?

Time will tell...here is an excurpt : 

On January 18, 2023, we entered into Warrant Exercise Agreements with fourteen existing accredited investors who exercised certain outstanding warrants (the “Existing Warrants”) to purchase up to an aggregate of 18,042,857 of the Company’s previously registered common shares (the “Exercise”). In consideration for the immediate exercise of the Existing Warrants for cash at an exercise price reduced from $0.23 to $0.20 per common share, the exercising holders received new unregistered warrants to purchase up to an aggregate of 18,042,857 common shares (equal to 100% of the common shares issued in connection with the Exercise), the New Warrants, in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The 18,042,857 common shares underlying the New Warrants are being registered in the registration statement that we have filed with the Securities and Exchange Commission (“SEC”) of which this prospectus is a part.
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