Siyata Mobile (SYTA) has released an update.
Siyata Mobile Inc. has announced a 1-for-18 reverse stock split effective August 2, 2024, intended to comply with Nasdaq’s minimum bid price requirement. The company’s common shares will continue trading on the Nasdaq Capital Market under the symbol ‘SYTA’, with no change in the par value or authorized number of shares. Shareholders will have their shares automatically adjusted to reflect the reverse stock split without needing to take action, unless they hold physical stock certificates.
For further insights into SYTA stock, check out TipRanks’ Stock Analysis page.
