Siyata Mobile Issues Clarification Statement
19 April 2021 - 2:15PM
Siyata Mobile Inc. (Nasdaq: SYTA, SYTAW) (“Siyata”
or the “Company”) wishes to clarify information related to the
cease trade order (“CTO”) issued by the British Columbia Securities
Commission (“BCSC”) on April 8, 2021, due to a financial reporting
discrepancy on filing deadlines (Citation: “2021 BCSECCOM 140”,
link here).
This CTO does not impact the trading of its
common shares or warrants on the Nasdaq Capital Market, as
specifically noted in the CTO, as outlined below:
“Despite this order,
a beneficial securityholder of the Issuer who is not, and was not
at the date of this order, an insider or control person of the
Issuer, may sell securities of the Issuer acquired before the date
of this order if both of the following apply:
1. the sale is made
through a “foreign organized regulated market”, as defined in
section 1.1 of the Universal Market Integrity Rules of the
Investment Industry Regulatory Organization of Canada; and
2. the sale is made
through an investment dealer registered in a jurisdiction of Canada
in accordance with applicable securities legislation.”
The Company is working diligently to bring its
Canadian filings up to date as outlined in the CTO.
Canadian investors who experience any difficulty
in trading securities of the Company should provide a copy of the
CTO to their broker and we invite that any further questions by
directed to Daniel Kim at daniel@siyata.net, who can provide
further assistance.
About Siyata Mobile
Siyata Mobile Inc. is a Business-to-Business
(B2B) global vendor of next generation PoC devices and cellular
booster systems. Its portfolio of in-vehicle and rugged smartphones
enables 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.
Siyata’s common shares trade on the Nasdaq under
the symbol “SYTA” and its warrants under the symbol “SYTAW”.
Visit siyatamobile.com and unidencellular.com/
to learn more.
Investor Relations
(Canada):
Kin
Communications1-866-684-6730SYTA@kincommunications.com
Investor Relations (United
States)
CORE IR516-222-2560SYTA@coreir.com
Sales Department:
Glenn Kennedy, VP International SalesSiyata
Mobile Inc.416-892-1823glenn_kennedy@siyatamobile.com
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. For example, Siyata is using
forward-looking statements in this press release when it discusses
that the cease trader order only applies to its insiders and that
the cease order will not impact trading of its securities on
Nasdaq. Because such statements deal with future events and are
based on Siyata’s current expectations, they are subject to various
risks and uncertainties and actual results, performance or
achievements of Siyata could differ materially from those described
in or implied by the statements in this press release. The
forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including
those discussed under the heading “Risk Factors” in Siyata’s
filings with the Securities and Exchange Commission (“SEC”), and in
any subsequent filings with the SEC. Except as otherwise required
by law, Siyata undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. References and links to websites have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press
release.
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