Exchange Listing Client, Siyata Mobile Inc., Secures $20M in Financing

Global Telecommunications Maker of Push-to-Talk Over Cellular (PoC) Devices and Cellular. Signal Booster Systems Targets Fleet Enterprises, First Responders.

12 January 2022

Exchange Listing LLC announced that its client, Siyata Mobile Inc. ( NASDAQ: SYTA, SYTAW)(“Siyata” or the “Company”), a B@B global vendor of next generation Push-to-Talk over Cellular (PoC) devices and cellular booster systems, announced the pricing and closing of its underwritten public offering of 8,695,652 common shares ( or pre-funded warrants to purchase common shares in lieu thereof) and accompanying warrants to purchase up t 8,695,652 common shares at a unit price of $2.30 for a total gross proceeds pf $20,000,000.

Maxim Group LLC acted as sole book-running manager for the offering.

Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, specializing in connected vehicle products for professional fleets and first responders,  marketed under the poplar Uniden Cellular brand.

Siyata plans to use the gross proceeds from the offering, approximately $20 million before deducting underwriting discounts and commissions and other expenses to repay a portion of its  outstanding senior secured convertible promissory note, and for general corporate purposes including working capital, growth strategies, research and development, sales and marketing.

“This is the start of another exciting chapter for Siyata Mobile Inc. as it leads the development of increasingly sophisticated next generation Push-To – Talk over cellular devices and booster systems to the global marker,” explains Peter Goldstein, CEO, Exchange Listing who also serves as Chairman of the Board of Directors of the Company.

“Exchange Listing has provided incredible value with its extensive network and capital market guidance. With the closing of this financing, Siyata Mobile can advance its leadership position,” affirms Marc Seelenfreud, Founder and CEO, Siyata Mobile Inc. “We are poised for continued market growth as a result of this offering.”

Exchange Listing provides companies with cost effective and efficient direct access to one-stop solutions in the strategic planning and implementation of listing and uplisting on senior exchanges such as Nasdaq and NYSE. Focusing on company specific structuring to meet listing requirements, Exchange Listing serves as the primary point of contact with the exchange, investment bankers and lawyers throughout the listing process. With extensive experience in investment banking, securities law, corporate governance and business management, Exchange Listing and its strategic partners facilitate clients’ listing and capital markets objectives.

About Exchange Listing, LLC

Exchange Listing provides growth companies with direct access to a one-stop solution in the strategic planning and implementation of listing on a senior exchange such as NASDAQ or NYSE in a cost effective and efficient process. We assist clients in going public whether through an initial public offering, listing from another marketplace, merger or direct offering. We serve as the primary point of contact with the exchange, investment bankers, lawyers and other service providers. Our founders, strategic partners and advisors are entrepreneurs with backgrounds in investment banking, securities law, corporate governance and business management and have served as officers and directors of public and private companies. We pride ourselves in taking a hands-on role with our clients throughout the listing process.

For more information, please visit:

www.exchangelistingllc.com or contact info@exchangelistingllc.com

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