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Siyata Mobile Announces Closing of Approximately $40 Million Public Offering of Common Shares

Siyata Mobile Closes Public Offering of Common Shares

Company to Use Proceeds for Business Growth and Expansion

Siyata Mobile Inc. (NASDAQ: SYTA), a global vendor of cellular communication devices and services for enterprise customers, today announced the closing of its previously announced public offering of 4,000,000 common shares at a price of $10.00 per share.

The gross proceeds of the offering to the Company, before deducting placement agent fees and other offering expenses, are approximately $40 million.

Siyata intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures, and potential acquisitions.

About Siyata Mobile Inc.

Siyata Mobile is a leading provider of cellular communications solutions for enterprise customers. Its portfolio includes a range of products and services such as Push-to-Talk over Cellular (PoC) devices, cellular boosters, and network management solutions.

Siyata's solutions are designed to meet the unique communication needs of businesses in a variety of industries, including public safety, security, transportation, and utilities.

The company has a global presence with offices in North America, Europe, and Asia.

Contact:

Investor Relations

Siyata Mobile Inc.

Tel: +1 (604) 227-3191

Email: info@siyata.net