Lucosky Brookman LLP Represents Spartan Capital in Client’s $4 Million Offering
Lucosky Brookman LLP is pleased to announce that it has represented Spartan Capital Securities, LLC as they guided their client Siyata Mobile Inc. (Nasdaq: SYTA; SYTAW) (“Siyata” or the “Company”), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, in a public offering of approximately $4.0 million of common shares and pre-funded warrants.
The proceeds from the offering are intended for use as working capital, general corporate purposes, payments for marketing and advertising services, and potential future acquisitions.
Marc Seelenfreund, CEO of Siyata, expressed optimism about the Company's growth and its position in the PoC market, which he described as a multi-billion-dollar industry.
Spartan Capital Securities, LLC acted as the sole placement agent for the offering, which closed on May 10, 2024.