Siyata Mobile Completes Share Issuance to 360 Vox Inc.
Ticker: CHAI · Form: 6-K · Filed: Dec 11, 2024 · CIK: 1649009
| Field | Detail |
|---|---|
| Company | Siyata Mobile INC. (CHAI) |
| Form Type | 6-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: arrangement, share-issuance, completion
TL;DR
Siyata Mobile FINALLY closed the 360 Vox deal, dropping 10M shares.
AI Summary
On December 11, 2024, Siyata Mobile Inc. announced the completion of its previously disclosed plan of arrangement with 360 Vox Inc. This transaction involved the issuance of 10,000,000 common shares of Siyata Mobile to 360 Vox Inc. as part of the arrangement.
Why It Matters
This filing confirms the completion of a significant share issuance, which could impact the ownership structure and future strategic direction of Siyata Mobile.
Risk Assessment
Risk Level: medium — The completion of a share issuance can signal significant corporate activity, potentially involving dilution or strategic shifts that warrant investor attention.
Key Numbers
- 10,000,000 — Common Shares Issued (Issued to 360 Vox Inc. as part of a plan of arrangement.)
Key Players & Entities
- Siyata Mobile Inc. (company) — Registrant
- 360 Vox Inc. (company) — Transacting Party
- December 11, 2024 (date) — Transaction Date
- 10,000,000 (dollar_amount) — Number of Shares Issued
FAQ
What was the nature of the transaction between Siyata Mobile Inc. and 360 Vox Inc.?
The transaction was a plan of arrangement, which has now been completed.
When was the transaction completed?
The transaction was completed on December 11, 2024.
How many shares did Siyata Mobile Inc. issue as part of this arrangement?
Siyata Mobile Inc. issued 10,000,000 common shares.
Who received the 10,000,000 common shares from Siyata Mobile Inc.?
The shares were issued to 360 Vox Inc.
Is Siyata Mobile Inc. a Canadian company?
Yes, Siyata Mobile Inc. is a British Columbia (Canada) company.
Filing Stats: 479 words · 2 min read · ~2 pages · Grade level 15.1 · Accepted 2024-12-11 16:05:24
Filing Documents
- ea0224453-6k_siyata.htm (6-K) — 13KB
- ea022445301ex99-1_siyata.htm (EX-99.1) — 9KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-107882.txt ( ) — 28KB
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: December, 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 December 11, 2024, Siyata Mobile Inc., a British Columbia (Canada) company the (“Company”), issued a press release announcing that it will be relocating its current 4G and next generation 5G PTT handset manufacturing operations from China to the United States in 2025. 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. 1 EXHIBIT INDEX Exhibit No. Description 99.1 Press release dated D ecember 11 , 2024. 2 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: December 11, 2024 SIYATA MOBILE INC. By: /s/ Marc Seelenfreund Name: Marc Seelenfreund Title: Chief Executive Officer 3