Siyata Mobile Receives Nasdaq Notice Relating to its Delayed Annual Report on Form 20-F Filing
19 Mai 2021 - 2:00PM
Siyata Mobile Inc. (Nasdaq: SYTA,
SYTAW) (“Siyata” or the “Company”), a
global vendor of Push-to-Talk over Cellular (PoC) devices and
cellular booster systems, announces today that, on May 18, 2021, it
received a notice (the “Notice”) from the Nasdaq Stock Market LLC
(“Nasdaq”) indicating that, as a result of not having timely filed
its Annual Report on Form 20-F (the “Form 20-F”) for the fiscal
year ended December 31, 2020, the Company is not in compliance with
Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all
required periodic financial reports with the Securities and
Exchange Commission.
Nasdaq requires that the Company submit a plan no later than
July 16, 2021 to regain compliance. If Nasdaq accepts the plan,
Nasdaq can grant the Company an extension of up to 180 calendar
days from the due date of the Form 20-F to regain compliance. The
Company is working diligently and plans to file the Form 20-F as
soon as practically possible.
The Notice has no immediate impact on the listing of the
Company’s securities, which will continue to trade on Nasdaq,
subject to the Company’s compliance with other continued listing
requirements of Nasdaq.
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.
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 it expects to file the annual report as soon as practically
possible and that it does not expect the Notice to impact the
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.
Investor Relations (Canada):Kin
Communications1-866-684-6730SYTA@kincommunications.com
Investor Relations (United States)CORE
IR516-222-2560SYTA@coreir.com
Sales and Marketing:Glenn Kennedy, VP International SalesSiyata
Mobile Inc.416-892-1823glenn_kennedy@siyatamobile.com
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