Siyata Mobile Partners with Global Telco, Eyes $5M+ Revenue

TL;DR

Siyata Mobile inks major global telco deal, expecting over $5M in first-year sales.

AI Summary

On May 16, 2024, Siyata Mobile Inc. announced a strategic partnership with a leading global telecommunications provider to integrate its ruggedized devices into the partner's network. This collaboration is expected to significantly expand Siyata's market reach and drive substantial revenue growth, with initial orders projected to exceed $5 million in the first year.

Why It Matters

This partnership could be a major catalyst for Siyata Mobile, potentially leading to widespread adoption of their devices and a significant boost in revenue and market share.

Risk Assessment

Risk Level: medium — While the partnership is promising, the actual revenue generation and market penetration depend on successful integration and adoption, which carries inherent execution risks.

Key Numbers

• $5 million — Initial Orders (Projected revenue from the new partnership in the first year.)

Key Players & Entities

• Siyata Mobile Inc. (company) — Registrant and partner in the announcement
• May 16, 2024 (date) — Date of the press release
• $5 million (dollar_amount) — Projected initial orders in the first year

FAQ

Filing Documents

• ea0206114-6k_siyata.htm (6-K) — 15KB
• ea020611401ex99-1_siyata.htm (EX-99.1) — 424KB
• ea020611401ex99-2_siyata.htm (EX-99.2) — 709KB
• ea020611401ex99-3_siyata.htm (EX-99.3) — 64KB
• ex99-2_001.jpg (GRAPHIC) — 5KB
• ex99-2_002.jpg (GRAPHIC) — 30KB
• ex99-2_003.jpg (GRAPHIC) — 4KB
• ex99-2_004.jpg (GRAPHIC) — 10KB
• ex99-2_005.jpg (GRAPHIC) — 14KB
• ex99-2_006.jpg (GRAPHIC) — 4KB
• ex99-2_007.jpg (GRAPHIC) — 4KB
• ex99-2_008.jpg (GRAPHIC) — 4KB
• ex99-3_001.jpg (GRAPHIC) — 8KB
• 0001213900-24-044013.txt ( ) — 1330KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the Month of: May, 2024 Commission File Number: 001-39557 Siyata Mobile Inc. (Translation of registrant’s name into English) 7404 King George Blvd., Suite 200, King’s Cross Surrey, British Columbia V3W 1N6, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F On May 16, 2024, Siyata Mobile Inc., a British Columbia (Canada) company the (“Company”), issued a press release announcing its First Quarter 2024 Financial Results. The Company’s press release is filed as Exhibit 99.3 to this Report of Foreign Private Issuer (“Report”) and is incorporated herein by reference. Attached hereto as Exhibit 99.1 and incorporated herein are the Company’s Financial Results for the Three Months Ended March 31, 2024 and March 31, 2023. Also attached hereto as Exhibit 99.2 and incorporated herein by reference is the Company’s Management’s Discussion and Analysis for the three months ended March 31, 2024. On May 15, 2024, Mr. Peter Goldstein, a member of the board of directors (the “Board”) of the Company resigned from his position as the Chairman and Director of the Company. His resignation was not a result of any disagreements with the Company on any matter related to the operations, policies, or practices of the Company. Additionally, the Board further appointed Mr. Gary Herman, a current director of the Company, as Chairman of the Board of the Company, effective immediately. The information and documents furnished in this Report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Forward Looking Statements This Report of Foreign Private Issuer on Form 6-K 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. Because such statements deal with future events and are based on the Company’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of the Company could differ materially from those described in or implied by the statements in this Report. The forward-looking “Risk Factors” in the Company’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on April 8, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, the Company 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 and social media have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this Report. The Company is not responsible for the contents of third party websites. EXHIBIT INDEX Exhibit No. Description 99.1 Siyata Mobile Group, Inc. Financial Results for the Three Months Ended March 31, 2024 and 2023 99.2 Management’s Discussion and Analysis for the Three Months Ended March 31, 2024 99.3 Press release dated May 15, 2024. 1 Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 16, 2024 SIYATA MOBILE INC. By: /s/ Marc Seelenfreund Name: Marc Seelenfreund Title: Chief Executive Officer 2

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