Siyata Initiates Share Consolidation as Part of Recently Announced Strategic Initiatives
MONTREAL, Sept. 23, 2020 (GLOBE NEWSWIRE) — Siyata Mobile Inc. (TSX-V:SIM / OTCQX:SYATF/ FRA: WK3D) (“Siyata” or the “Company”) today announced, that in support of its recently announced strategic initiatives, the Company will proceed with the consolidation of the common shares of the Company (each, a “Share”) on the basis of 145 pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”). The Consolidation will become effective at the close of market on September 24, 2020 and the post-consolidated Shares will commence trading at the open of the market on Friday September 25th. The new CUSIP number is 83013Q509. Following completion of the Consolidation, a total of 1,013,203 Shares will be outstanding, subject to adjustments for rounding. There is no name change in conjunction with the Consolidation.
Computershare Investor Services Inc. (“Computershare“) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.About SiyataSiyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular (PTT) 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 its cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible.Visit www.siyatamobile.com and http://www.unidencellular.com/ to learn more.On Behalf of the Board of Directors of:
SIYATA MOBILE INC.
Glenn Kennedy, VP Sales
Siyata Mobile Inc.
firstname.lastname@example.orgNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. The forward-looking statements in this news release include statements relating to the Company’s expectations regarding the completion of the Consolidation. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. These statements involve risks, estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed in these statements, including, among others, risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the proposed offering, as well as risks and uncertainties associated with the Company’s business and finances in general. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.