Siyata Mobile announces pricing of its upsized US$12.6 million U.S. initial public offering

Source: Siyata Mobile

Siyata Mobile Inc. today announced the pricing of its U.S. initial public offering of 2,100,000 units at a price of US$6.00 per unit. Each unit consists of one common share and one warrant to purchase one common share. The common shares and warrants are immediately separable from the units and will be issued separately. The common shares and warrants have been approved to list on the Nasdaq Capital Market under the symbols “SYTA” and “SYTAW,” respectively, and are expected to begin trading on September 25, 2020.

Siyata expects to receive gross proceeds of approximately US$12.6 million, before deducting underwriting discounts and commissions and other estimated offering expenses.