trader64
2022-01-07
Oh
Siyata Mobile Tumbled Nearly 42% in Premarket Trading after Raising $20M via Stock Offering
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Each common share is being sold together with one common warrant at a combined price of $2.30. The Expected gross proceeds are $20M.Underwriters' over-allotment is an additional 1,304,347 shares/warrants.The five-year warrants will be immediately exercisable at a price of $2.30/share.</p><p>Net proceeds will be used to repay a portion of its outstanding senior secured convertible promissory note, for general corporate purposes including working capital, and R&D activities. 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