SYTA - Siyata Joins the Club

2023-11-30 09:43:47 ET

DENVER, Colo., Nov 30, 2023 ( www.247marketnews.com )- Siyata Mobile (NASDAQ: SYTA) announced, this morning, that it will effect a 1-for-7 reverse stock split of its common shares, which will become effective on Monday, December 4, 2023, so that its Common Shares will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on December 4, 2023.

The move is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq, but there is no guarantee the Company will meet the minimum bid price requirement.

We’ve covered many successful reverse splits, like Clearmind Medicine Inc (NASDAQ: CMND). Another great recent reverse split is …

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