Reverse Stock-Split to be effective on August 2, 2024
VANCOUVER, BC, July 31, 2024 /PRNewswire/ -- 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, today announced that it will effect a 1-for-18 reverse stock split ("Reverse Stock Split") of its common share, no par value per share ("Common Share"). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on Friday, August 2, 2024, and the Company's Common Share will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on August 2, 2024. The Company's Common Share will continue to trade on the Nasdaq Capital Market under the Company's existing trading symbol, "SYTA," and a new CUSIP number 83013Q 806 has been assigned as a result of the Reverse Stock Split.
The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price ...
