Siyata Mobile Inc. Files January 2025 6-K Report

TL;DR

Siyata Mobile (SYTA) filed its Jan 2025 6-K, confirming its foreign private issuer status and referencing a Jan 14 event.

AI Summary

Siyata Mobile Inc. filed a Form 6-K on January 21, 2025, reporting for the month of January 2025. The company, based in Surrey, British Columbia, Canada, is a foreign private issuer and files annual reports under Form 20-F. The filing references an event on January 14, 2025, related to the company.

Why It Matters

This filing provides an update on Siyata Mobile Inc.'s activities and regulatory compliance as a foreign private issuer, which can be important for investors tracking the company's status.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain significant new financial or operational information that would immediately alter risk.

Key Players & Entities

• Siyata Mobile Inc. (company) — Filer of the report
• January 2025 (date) — Reporting period
• January 14, 2025 (date) — Date of a referenced event
• Form 20-F (document) — Annual report filing type
• Form 6-K (document) — Type of filing

FAQ

Key Financial Figures

• $18,000,000 — on to purchase from the Company up to US$18,000,000 worth of the Company’s common sha

Filing Documents

• ea0228143-6k_siyata.htm (6-K) — 16KB
• ea022814301ex10-1_siyata.htm (EX-10.1) — 141KB
• ea022814301ex10-2_siyata.htm (EX-10.2) — 79KB
• 0001213900-25-005001.txt ( ) — 237KB

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: January 2025 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 January 14, 2025, Siyata Mobile Inc., a British Columbia (Canada) company (“ Siyata ” or the “ Company ”) entered into an Equity Purchase Agreement (the “ Equity Purchase Agreement ”) with Hudson Global Ventures, LLC (the “ Investor ”), pursuant to which the Company will have the right, but not the obligation to sell to the Investor, and the Investor will have the obligation to purchase from the Company up to US$18,000,000 worth of the Company’s common shares, no par value per share (the “ Put Shares ”) at the Company’s sole discretion over the next 24 months, subject to certain conditions precedent and other limitations, at purchase price to be determined as per the terms and conditions of the Equity Purchase Agreement. On the date of the Equity Purchase Agreement, the Company issued 540 shares of Class C preferred stock of the Company to the Investor as a commitment fee under the Equity Purchase Agreement (collectively as the “ Commitment Shares ”). A copy of the Equity Purchase Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Equity Purchase Agreement is a summary of the material terms of such agreement, and does not purport to be complete and is qualified in its entirety by reference to the Equity Purchase Agreement. On the same date, the Company also entered into a registration rights agreement (the “ Registration Rights Agreement ”) with the Investor, pursuant to which the Company agreed to submit to the U.S. Securities and Futures Commission (the “ SEC ”) an initial registration statement on Form F-1 (the registration statement, as amended, the “ Registration Statement ”) within forty-five (45) days from the date of the Equity Purchase Agreement, covering the resale of the common shares issuable upon conversion of the Commitment Shares and the Put Shares, which may have been, or which may from time to time be, issued under the Equity Purchase Agreement for public resale, and to use its reasonable best efforts to cause the Registration Statement to be declared effective by the SEC. A copy of the Registration Rights Agreement is attached hereto as Exhibit 10.2 and is incorporated herein by reference. The foregoing description of the Registration Rights Agreement is a summary of the material terms of such agreement and does not purport to be complete and is qualified in its entirety by reference to the Registration Rights Agreement. The Equity Purchase Agreement and the Registration Rights Agreement contain customary representations, warranties and agreements by the Company and customary conditions to the Investor’s obligation to purchase the Put Shares. They are contractual documents that establish and govern the legal relations between the Company and the Investor and are not intended to be a source of factual, business or operational information about the Company for other investors and potential investors of the Company. 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 final prospectus 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 circums

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View this 6-K filing on SEC EDGAR