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InvestorNewsBreaks – Siyata Mobile Inc. (NASDAQ: SYTA) Secures $20M in Underwritten Public Offering

Siyata Mobile (NASDAQ: SYTA, SYTAW), a global vendor of push-to-talk over cellular (“PoC”) devices and cellular signal booster systems, has closed its previously announced underwritten public offering of 8,695,652 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and accompanying warrants to purchase up to 8,695,652 common shares. Each common share (or pre-funded warrant) was sold together with one common warrant at a combined effective offering price of $2.30. The common warrants were immediately exercisable at a price of $2.30 per common share and will expire five years from the date of issuance. Maxim Group LLC acted as sole book-running manager for the offering. Siyata has granted the underwriters a 45-day option to purchase up to an additional 1,304,347 common shares and/or common warrants to purchase up to 1,304,347 common shares at the public offering price less discounts and commissions. Siyata secured gross proceeds of approximately $20 million from the offering and intends to use the net proceeds to repay a portion of its outstanding senior secured convertible promissory note and for general corporate purposes, including working capital, growth strategies, research and development, and sales and marketing.

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

About Siyata Mobile Inc.

Siyata Mobile is a B2B global vendor of next-generation push-to-talk over cellular (“PoC”) 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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