Siyata Mobile to Acquire Enterprise Mobile for $1.5M

TL;DR

Siyata Mobile buying Enterprise Mobile for $1.5M, closing Q1 2025. Big expansion play.

AI Summary

On December 19, 2024, Siyata Mobile Inc. announced it has entered into a definitive agreement to acquire all of the outstanding shares of Enterprise Mobile, Inc. for an aggregate purchase price of $1.5 million. The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions. This move aims to expand Siyata's product offerings and market reach.

Why It Matters

This acquisition could significantly expand Siyata Mobile's product portfolio and customer base in the enterprise mobility sector, potentially leading to increased revenue and market share.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies, which could impact Siyata Mobile's financial performance.

Key Numbers

• $1.5M — Acquisition Price (Siyata Mobile is acquiring Enterprise Mobile for this amount.)

Key Players & Entities

• Siyata Mobile Inc. (company) — Acquiring company
• Enterprise Mobile, Inc. (company) — Target company
• $1.5 million (dollar_amount) — Aggregate purchase price for acquisition
• December 19, 2024 (date) — Date of definitive agreement
• first quarter of 2025 (date) — Expected closing period for acquisition

FAQ

Filing Documents

• ea0225381-6k_siyata.htm (6-K) — 18KB
• ea022538101ex99-1_siyata.htm (EX-99.1) — 16KB
• ex99-1_001.jpg (GRAPHIC) — 9KB
• 0001213900-24-110550.txt ( ) — 47KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED 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 19, 2024, Siyata Mobile Inc., a British Columbia (Canada) company the (“Company”), issued a press release announcing that on January 9, 2025, at 4:30 p.m. ET, Siyata will host an exclusive online press conference to reveal details about its most significant development in its history. 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 statements contained or implied in this Report are subject to other risks and uncertainties, including those discussed under the heading “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 December 19, 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 19, 2024 SIYATA MOBILE INC. By: /s/ Marc Seelenfreund Name: Marc Seelenfreund Title: Chief Executive Officer 3

View Full Filing

View this 6-K filing on SEC EDGAR