Siyata Mobile Inc (SYTA)

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6-K 1 ea176702-6k

Source
https://www.sec.gov/Archives/edgar/data/1649009/000121390023028239/ea176702-6k_siyatamobile.htm

April 07, 2023

On April 6, 2023, Siyata Mobile Inc., a British Columbia (Canada) company, that is a global vendor of Push-to-Talk over Cellular devices and of cellular signal booster systems, received notice from the British Columbia Securities Commission (“BCSC”), which is the Company’s principal securities regulator in Canada, stating that the BCSC had, on that date, issued a cease trading order. The Order was received after the Company filed its Report of Foreign Private Issuer with the Securities and Exchange Commission on April 6, 2023 relating to the deficiency letters received from the BCSC.

The Order resulted from the Company’s failure to file its Annual Information Form, annual financial statements, annual management’s discussion and analysis, and certification of those annual filings for the Company’s financial year ended December 31, 2022, each within the timeline prescribed under Canadian securities and its failure to pay routine filing fees in connection with those filings.

The Order states that Canadian beneficial security holders who are not Company insiders or control persons may sell the securities acquired prior to the date of the Order if the sale is through a “foreign organized regulated market” (as defined in the applicable rules) and is made through a Canadian registered investment dealer.

The Company does not believe that the Order will impact the trading of the Company’s common shares and warrants, trading under the symbols SYTA and SYTAW, respectively, on the Nasdaq Capital Market.

Exhibit 99.1.
https://www.sec.gov/Archives/edgar/data/1649009/000121390023028239/ea176702ex99-1_siyatamobile.htm

The Company currently intends to file its AIF, annual financial statements, annual management’s discussion and analysis and certifications of its annual filings with the BCSC on or before May 15, 2023, which is expected to result in the revocation of the Order.

The information and documents furnished in this Report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.