Siyata Mobile (NASDAQ: SYTA), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, has received a letter notifying the company that it is not in compliance with the minimum bid price requirement established by the NASDAQ Stock Market LLC. Dated Aug. 26, 2022, the letter noted that the closing bid price of SYTA’s common shares was below $1 per share for a period of 30 consecutive business days. According to the announcement, the notification has no immediate effect on the listing of SYTA common shares; they will continue to trade on the market under the ticker SYTA. Exchange rules provide for a 180-day compliance period, during which if the closing bid price per share of the company’s common shares is at least $1 for a minimum of 10 consecutive business days, the company regains compliance. If the bid price does not increase during that period, the company may be eligible for an additional grace period to regain compliance.
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About Siyata Mobile Inc.
Siyata Mobile is a B2B global vendor of next-generation Push-to-Talk over Cellular (“PoC”) 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 increase situational awareness and save lives. Siyata’s portfolio of enterprise-grade and consumer cellular-booster systems enables first responders and enterprise workers to amplify cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible. For more information about the company, visit www.SiyataMobile.com or www.UnidenCellular.com.
NOTE TO INVESTORS: The latest news and updates relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
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