QualityStocksNewsBreaks – Siyata Mobile Inc. (NASDAQ: SYTA) (TSX.V: SIM) Notes Execution of Over-Allotment Option
Siyata Mobile (NASDAQ: SYTA, SYTAW) (TSX.V: SIM), a leading global developer and provider of Push-to-Talk Over Cellular (“PTT/PoC”) systems for enterprise customers, announced that underwriters have partially exercised the over-allotment option outlined in SYTA’s U.S. initial public offering; that offering closed on Sept. 29, 2020. Consequently, Siyata has issued an additional 120,000 common shares in the capital of the company along with 266,000 additional common share purchase warrants, resulting in aggregate gross proceeds of $721,460. Siyata has announced that net proceeds from the offering will be earmarked for sales and marketing, growth capital, and research and development with any remaining…