Siyata Mobile (SYTA) Prices $4M Share Offering at $1.70/sh

Siyata Mobile Inc. (Nasdaq: SYTA) announces the pricing of its public offering of approx. $4 million of common shares, and/or pre-funded warrants to purchase common shares at a public offering price of $1.70 per share (minus $0.01 per pre-funded warrant). The Company intends to use the proceeds of the offering for working capital, general corporate purposes, and payments to a third-party marketing agency for services related to marketing and advertising.

Spartan Capital Securities, LLC is acting as the sole placement agent in connection with the offering.

The offering is expected to close on August 15, 2024, subject to customary closing conditions. The offering is being conducted pursuant to the Company's registration statement on Form F-1, as amended (File No. 333-281218), initially filed with the Securities and Exchange Commission (the "SEC") on August 2, 2024, and subsequently declared effective by the SEC on August 13, 2024. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at https://www.sec.gov/. Copies of the final prospectus relating to this offering may be obtained from Spartan Capital Securities, LLC, at 45 Broadway, 19th Floor, New York, NY 10006.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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