Stock Markets
Siyata Mobile sets $6 million public offering price
VANCOUVER – Siyata Mobile Inc. (NASDAQ:SYTA), a global developer and vendor of Push-to-Talk over Cellular (PoC) devices, announced the pricing of its public offering at $0.58 per share, aiming to raise approximately $6 million. This offering includes common shares and pre-funded warrants to purchase common shares, with each pre-funded warrant priced $0.01 less than the common shares.
The company detailed that the net proceeds from the offering would be utilized for working capital, general corporate purposes, and payments to a third-party marketing agency for marketing and advertising services. Siyata also plans to allocate funds for strategic investments and potential future acquisitions.
Dominari Securities LLC is serving as the sole placement agent for the offering, which is expected to close on June 28, 2024, subject to the satisfaction of customary closing conditions.
This offering follows the effective registration statement on Form F-1 filed by Siyata with the Securities and Exchange Commission (SEC) on June 6, 2024, which was declared effective by the SEC on June 26, 2024. A final prospectus regarding the offering will be filed with the SEC and made available on its website.
Siyata Mobile’s portfolio caters to first responders and enterprise workers, providing rugged PTT handsets and accessories for instant communication over various cellular networks to enhance situational awareness and safety. Their products are employed by a wide range of sectors, including emergency services, schools, utilities, and hospitals, among others.
The company’s common shares and publicly traded warrants are listed on the Nasdaq under the symbols “SYTA” and “SYTAW,” respectively.
The information provided herein is based on a press release statement from Siyata Mobile Inc. and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The sale of these securities will not be conducted in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
In other recent news, Siyata Mobile Inc. has been active on several fronts. The company has secured a US patent for its VK7 Vehicle Kit, a device aimed at enhancing connectivity in vehicles. In a separate development, Siyata unveiled an AI noise-canceling device, an enhanced version of its SD7 Wired Palm Mic Pro, designed to improve communication clarity in loud environments.
The company also announced receiving new orders worth over $2.2 million for its SD7 handsets and accessories. Siyata has priced a public offering at $1.30 per share, aiming to raise $4 million for use as working capital, general corporate purposes, payments for marketing and advertising services, and potential future acquisitions.
These recent developments highlight Siyata’s ongoing efforts to innovate and expand its reach in the Push-to-Talk over Cellular (PoC) market. The company’s products, which include rugged PoC handsets and accessories, are distributed through major North American and international cellular carriers and distributors.
InvestingPro Insights
In light of Siyata Mobile Inc.’s (NASDAQ:SYTA) recent public offering announcement, it’s important to consider various financial metrics and analyst insights that could influence investor perception. Here are some key takeaways from InvestingPro:
Despite the company’s efforts to raise capital for strategic initiatives, Siyata Mobile’s market capitalization stands at a modest $0.95 million. This reflects the market’s current valuation of the company and is a critical figure for investors to note.
InvestingPro data indicates a significant revenue growth of 17.94% over the last twelve months as of Q1 2024, which aligns with the InvestingPro Tip that analysts anticipate sales growth in the current year. This growth is a positive signal for potential investors, as it suggests that the company is expanding its market presence and revenue streams.
However, the company’s financial health is not without concerns. Siyata Mobile has been trading at a low Price / Book multiple of 0.13, which might be indicative of the market’s assessment of the company’s asset value relative to its share price. The InvestingPro Tip highlights that the company is quickly burning through cash, which could raise questions about its long-term financial stability.
For investors looking for more comprehensive analysis and additional InvestingPro Tips, there are 17 more tips available on the InvestingPro platform, which can be accessed at https://www.investing.com/pro/SYTA. These tips provide deeper insights into Siyata Mobile’s financial health, stock performance, and market valuation.
To explore these insights and benefit from the full range of features on InvestingPro, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
By Maggie Fick and Ahmed Aboulenein
WASHINGTON (Reuters) – Members of Donald Trump’s presidential transition team are laying the groundwork for the United States to withdraw from the World Health Organization on the first day of his second term, according to a health law expert familiar with the discussions.
“I have it on good authority that he plans to withdraw, probably on Day One or very early in his administration,” said Lawrence Gostin, professor of global health at Georgetown University in Washington and director of the WHO Collaborating Center on National and Global Health (NS:) Law.
The Financial Times was first to report on the plans, citing two experts. The second expert, former White House COVID-19 response coordinator Ashish Jha, was not immediately available for comment.
The Trump transition team did not immediately respond to a Reuters request for comment.
The plan, which aligns with Trump’s longstanding criticism of the U.N. health agency, would mark a dramatic shift in U.S. global health policy and further isolate Washington from international efforts to battle pandemics.
Trump has nominated several critics of the organization to top public health positions, including Robert F. Kennedy Jr., a vaccine skeptic who is up for the post of secretary of Health and Human Services, which oversees all major U.S. health agencies including the CDC and FDA.
Trump initiated the year-long withdrawal process from the WHO in 2020 but six months later his successor, President Joe Biden, reversed the decision.
Trump has argued that the agency failed to hold China accountable for the early spread of COVID-19. He has repeatedly called the WHO a puppet of Beijing and vowed to redirect U.S. contributions to domestic health initiatives.
A WHO spokesperson declined to directly comment but referred Reuters to comments by WHO Director-General Tedros Adhanom Ghebreyesus at a press briefing on Dec. 10 in which he was asked whether he was concerned that the Trump administration would withdraw from the organization.
Tedros said at the time that the WHO needed to give the U.S. time and space for the transition. He also voiced confidence that states could finalize a pandemic agreement by May 2025.
Critics warn that a U.S. withdrawal could undermine global disease surveillance and emergency response systems.
“The U.S. would lose influence and clout in global health and China would fill the vacuum. I can’t imagine a world without a robust WHO. But U.S. withdrawal would severely weaken the agency,” Gostin said.
U.Today – MicroStrategy has made headlines again by purchasing 5,262 BTC for approximately $561 million at an average price of $106,662 per BTC. The company now holds a staggering 444,262 BTC, accumulated at a total cost of approximately $27.7 billion, with an average purchase price of $62,257 per BTC.
Despite impressive returns of 47.4% since the beginning of the quarter and 73.7% since the beginning of the year, skepticism about the company’s strategy is growing.
It is believed that to sustain its purchases, MicroStrategy raises capital through methods such as issuing convertible and corporate bonds, securing credit lines and selling shares.
This cycle appears to operate as follows: shares are sold to acquire the cryptocurrency, and the rising price per BTC increases asset value, enabling further loans, which are then reinvested in more purchases.
Some observers warn that a significant decline in Bitcoin’s price or MicroStrategy’s stock could trigger a cascade effect. A sharp fall in MSTR shares would weaken the collateral backing its loans, potentially leading to forced asset sales, including BTC.
This scenario could exert downward pressure on the broader cryptocurrency market, as the company holds 2.2% of the global Bitcoin supply now.
Thus, while some view Michael Saylor’s approach as a bold bid to cement the cryptocurrency’s role in the financial system, others see it as unsustainable. History offers a cautionary note: in 2000, MSTR shares surged to $333 before plummeting 99%, a collapse that took 24 years to recover from.
National homebuilder ranked No. 12 on inaugural list ranking companies based on trust
SCOTTSDALE, Ariz., Dec. 23, 2024 /PRNewswire/ — With a longstanding reputation for trust, national homebuilder and land developer Taylor Morrison (NYSE:) (NYSE: ™HC) has been recognized by Forbes on their inaugural list of the Most Trusted Companies in America. The homebuilder ranked No. 12 out of 300 companies across all industries.
“There are few things more powerful than trust and it’s something we strive to earn amongst all company stakeholders, from our customers to our team members, our shareholders, and our local communities,” said Taylor Morrison Chairman and CEO Sheryl Palmer. “To be included on this esteemed list in its inaugural year is especially meaningful and these awards are important reminders of the relationships we’re building across all aspects of our business.”
Fueled by hundreds of millions of data points, the Most Trusted Companies in America list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust and media sentiment. The ranking was created in partnership with research companies HundredX, Signal AI and Glassdoor.
Taylor Morrison also earned the No. 67 spot on Forbes’ inaugural America’s Best Companies list. The ranking is Forbes’ most comprehensive company ranking to date and factored in ratings for financial performance, customer and employee satisfaction, cybersecurity, sustainability, companies’ remote work policies, media coverage and more. Forbes’ America’s Best Companies list assessed more than 60 metrics across 11 primary categories to identify which organizations excel across the board. Of the more than 2,000 U.S.-based publicly traded companies that were eligible, only 300 qualified for each list.
In addition to being named among the Most Trusted and Best Companies in America by Forbes, Taylor Morrison holds several additional accolades including being named on Newsweek’s America’s Most Responsible Companies and America’s Greenest Companies lists, U.S. News & World Report’s Best Companies to Work For list, the American Opportunity (SO:) Index, America’s Most Trusted ® Home Builder for nine years, Hearthstone’s 2021 BUILDER Humanitarian Award, and inclusion on the Fortune 500 list since 2021.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation’s leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands”including Taylor Morrison, Esplanade and Yardly. From 2016-2024, Taylor Morrison has been recognized as America’s Most Trusted ® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.
For more information about Taylor Morrison, please visit www.taylormorrison.com.
CONTACT:
media@taylormorrison.com
Forex2 years agoForex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies
