Siyata Mobile Completes Business Combination with G-P Acquisition Corp.
Ticker: CHAI · Form: 6-K · Filed: Dec 17, 2024 · CIK: 1649009
| Field | Detail |
|---|---|
| Company | Siyata Mobile INC. (CHAI) |
| Form Type | 6-K |
| Filed Date | Dec 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: merger, acquisition, restructuring, listing
Related Tickers: GPAC
TL;DR
Siyata Mobile is now part of G-P Acquisition Corp. after a merger, trading as SYTA on Nasdaq.
AI Summary
On December 17, 2024, Siyata Mobile Inc. announced the completion of its previously disclosed business combination with a subsidiary of G-P Acquisition Corp. The transaction involved a reverse triangular merger, resulting in Siyata Mobile Inc. becoming a wholly-owned subsidiary of G-P Acquisition Corp. The combined entity will operate under the name Siyata Mobile Inc. and its common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol 'SYTA'.
Why It Matters
This business combination signifies a significant restructuring for Siyata Mobile, potentially impacting its market position and access to capital through its Nasdaq listing.
Risk Assessment
Risk Level: medium — The completion of a business combination and relisting on Nasdaq can introduce volatility and uncertainty regarding the company's future performance and market reception.
Key Players & Entities
- Siyata Mobile Inc. (company) — Company undergoing business combination
- G-P Acquisition Corp. (company) — Acquiring entity in business combination
- Nasdaq Capital Market (company) — Exchange where the combined entity's stock will trade
- SYTA (company) — Ticker symbol for the combined entity
FAQ
What was the effective date of the business combination?
The press release announcing the business combination was issued on December 17, 2024, indicating the transaction's completion around this date.
What is the new ticker symbol for Siyata Mobile Inc.?
The common stock of the combined entity is expected to trade on the Nasdaq Capital Market under the ticker symbol 'SYTA'.
What type of transaction was the business combination?
The transaction was a reverse triangular merger.
What is the name of the combined entity?
The combined entity will operate under the name Siyata Mobile Inc.
Which stock exchange will the combined entity trade on?
The combined entity's common stock is expected to trade on the Nasdaq Capital Market.
Filing Stats: 497 words · 2 min read · ~2 pages · Grade level 15 · Accepted 2024-12-17 16:05:07
Filing Documents
- ea0225106-6k_siyata.htm (6-K) — 13KB
- ea022510601ex99-1_siyata.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-109754.txt ( ) — 30KB
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 17, 2024, Siyata Mobile Inc., a British Columbia (Canada) company the (“Company”), issued a press release announcing its first major order in The Netherlands for a prominent national Dutch transportation company, marking a significant milestone in its international expansion. The order, comprising 550 units of its SD7 handsets, will be delivered by Siyata in the fourth quarter of 2024. 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 17 , 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 17, 2024 SIYATA MOBILE INC. By: /s/ Marc Seelenfreund Name: Marc Seelenfreund Title: Chief Executive Officer 3