Broadband  |  2023-08-25

Siyata Mobile Regains Compliance with Nasdaq Minimum Bid Price Requirement

Source: Siyata Mobile
Curated by: Gert Jan Wolf - Editor-in Chief for The Critical Communications Review

Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, announced that it has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Stock Market.

The notice indicated that, as a result of the closing bid price of the Company’s common share having been $1.00 per share or greater for at least ten consecutive business days, from August 9, 2023 through August 22, 2023, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed.