Siyata Mobile Inc (NASDAQ:SYTA) shares are trading lower by 27% to $2.41 during Tuesday’s session after the company filed for an offering to sell a maximum of $4 million of common shares.
The company says it is offering a certain number of common shares with no set value per share, and the final offering price will be determined in consultation with the placement agent and investors. There’s no minimum requirement for shares or proceeds for the offering to close.
The placement agent will use best efforts to solicit purchases but is not obligated to buy or sell any specific amount. The actual offering amount and proceeds may be less than the maximum stated. The company says it will pay ...
SYTA) Stock Is Falling>Full story available on Benzinga.com