IPO - Siyata Mobile Inc.

Form Type: F-1

Filing Date: 2025-01-21

Corporate Action: Ipo

Type: New

Accession Number: 000121390025005101

Filing Summary: Siyata Mobile Inc., a developer of Push-To-Talk over Cellular (PoC) handsets, filed a registration statement with the SEC to register the resale of up to 2,739,296 common shares by Hudson Global Ventures, LLC. The offering is tied to a committed equity purchase agreement signed on January 14, 2025, allowing the investor to purchase up to $18 million in equity, with the shares priced at $6.82 per share based on the recent closing price. The registration statement indicates that despite the company not selling securities directly, it is poised to receive substantial funding through its agreement with the investor upon future sales. This is part of a broader corporate strategy to boost liquidity and market presence through an initial public offering. The document notes the company is designated as both an emerging growth company and a foreign private issuer, which influences its regulatory obligations and reporting standards. Furthermore, it highlights the risks associated with market fluctuations and includes a disclaimer about the uncertainty in the sale of registered shares, stressing that the company is not responsible for the investor's sales activities. Siyata Mobile aims to capitalize on its unique market position amid a growing industry for PoC solutions, driven by increasing demand from various enterprise sectors.

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Form Type: F-1MEF

Filing Date: 2025-01-06

Corporate Action: Ipo

Type: New

Accession Number: 000121390025001033

Filing Summary: Siyata Mobile Inc. has filed a Registration Statement on Form F-1MEF with the SEC on January 6, 2025, to register additional shares of common shares under the Securities Act of 1933. This registration includes an increase of 111,891 shares for sale under an Equity Line of Credit, adjusted for a reverse share split that took place on December 27, 2024. This filing is for a delayed or continuous offering as permitted under Rule 415 and references an earlier effective Registration Statement (No. 333-282880) declared effective on November 13, 2024, and a subsequent post-effective amendment effective November 20, 2024. The document incorporates by reference all contents and amendments of these prior filings. The registrant has stated it meets the requirements for filing on this form and has duly authorized the signing of this document in Montreal, Quebec.

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