SIYATA MOBL.EQ.WARRT(SYTAW)
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null(SYTAW) - Prospectus(update)
2024-08-12 13:07
As filed with the U.S. Securities and Exchange Commission on August 12, 2024 Registration No. 333-281218 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employ ...
null(SYTAW) - Prospectus
2024-08-02 19:45
As filed with the U.S. Securities and Exchange Commission on August 2, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 7404 King George Bl ...
null(SYTAW) - Prospectus(update)
2024-06-26 13:10
As filed with the U.S. Securities and Exchange Commission on June 26, 2024 Registration No. 333-280002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial (I.R.S. Employer Identification Number) 7 ...
null(SYTAW) - Prospectus(update)
2024-06-20 13:00
AMENDMENT NO.2 As filed with the U.S. Securities and Exchange Commission on June 20, 2024 Registration No. 333-280002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial (I.R.S. Employer Identification Number) 74 ...
null(SYTAW) - Prospectus(update)
2024-06-14 21:05
As filed with the U.S. Securities and Exchange Commission on June 14, 2024 Registration No. 333-280002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO.1 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial (I.R.S. Employer Identification Number) 7404 King George Blvd., Suite 200, King's Cross Surrey, British Columbia V3W 1N6, Canada to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of ...
null(SYTAW) - Prospectus
2024-06-06 20:30
As filed with the U.S. Securities and Exchange Commission on June 6, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) ...
null(SYTAW) - Prospectus(update)
2024-05-06 20:08
As filed with the Securities and Exchange Commission on May 6, 2024 Registration No. 333-278697 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 2 FORM F-1 British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 7404 King George Blvd., Suite 200, King's Cross Surrey, British Columbia V3W 1N6, Canada 514-500-1181 REGISTRATIO ...
null(SYTAW) - Prospectus(update)
2024-04-25 15:17
As filed with the Securities and Exchange Commission on April 25, 2024 Registration No. 333-278697 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Ide ...
null(SYTAW) - Prospectus
2024-04-15 21:05
As filed with the Securities and Exchange Commission on April 15, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SIYATA MOBILE INC. (Exact name of registrant as specified in its charter) British Columbia (Canada) 4812 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 74 ...
SIYATA MOBL.EQ.WARRT(SYTAW) - 2023 Q4 - Annual Report
2024-04-08 21:20
Financial Performance and Concerns - As of December 31, 2023, the company reported an accumulated deficit of $90,750,457, indicating a history of operating losses and uncertainty about achieving profitability [66]. - The independent registered public accountants expressed substantial doubt about the company's ability to continue as a going concern for the next twelve months [67]. - Material weaknesses in internal controls over financial reporting were identified in 2023, 2022, and 2021, which could impact the accuracy of financial results [70]. - The company may require additional capital to fund its business and support growth, with potential dilution of existing shareholders if new equity is issued [68]. - The company faces significant competition from major players like LG, Apple, and Samsung, which may affect market share and profitability [90]. - The company has taken steps to remediate material weaknesses in internal controls, but cannot assure that future weaknesses will not be discovered [78]. - The company incurred significant increased costs due to operating as a public company in the United States, which may impact net income and require cost reductions in other areas [224][225]. - The company's auditor expressed substantial doubt about its ability to continue as a viable business for the next twelve months, indicating potential risks for shareholders [235]. Revenue Generation and Market Dependence - The company relies heavily on channel partners for revenue generation, and any failure in these partnerships could significantly harm operating results [55]. - More than 60% and 50% of the company's revenues for the years ended December 31, 2023, and 2022, respectively, were generated through sales by channel partners [83]. - Company derived 52% and 49% of its revenue from five customers/channel partners for fiscal years ended December 31, 2023 and 2022, respectively [126]. - Company relies on a small number of channel partners/customers, and loss of any could materially adversely affect operating results and cash flows [126]. - The company is dependent on the adoption of its solutions by industrial and public sector markets, and failure to penetrate these markets could adversely impact revenues [55]. - The company is materially dependent on the adoption of its solutions by both industrial enterprise and public sector markets, which could impact revenue if not widely accepted [89]. Operational Risks and Challenges - The company faces risks related to product defects, which could reduce demand and harm its reputation [56]. - Lengthy sales cycles for products may lead to unexpected revenue shortfalls if large orders are delayed [56]. - The company is exposed to risks associated with strategic acquisitions and investments, which could impact financial performance [59]. - The company is required to manage supply efficiently to meet purchase orders from channel partners, as failure to do so could harm sales [84]. - The company has limited experience with third-party manufacturers in Asia for high-volume production, which may result in manufacturing capacity constraints [113]. - The ongoing Middle East War and the Russian invasion of Ukraine could adversely affect the company's financial condition and operations due to potential disruptions in global markets [115][117]. - The company relies on accurate demand forecasting for inventory and supply needs; inaccuracies could lead to excess inventory or manufacturing delays, impacting gross margins [121]. - The company is monitoring the economic impact of geopolitical events, including risks of cyberattacks and supply chain disruptions [116][118]. - The company may face challenges in attracting and retaining qualified personnel due to competition from other firms with greater resources [109]. - The company may face challenges if its Common Shares become subject to penny stock rules, which could reduce trading activity and make it difficult for shareholders to sell their shares [216]. Compliance and Regulatory Issues - The company is subject to a variety of privacy and data security laws, including the U.S. Federal Trade Commission regulations and the General Data Protection Regulation (GDPR) in the European Union, which may impose significant compliance costs and operational changes [174][176]. - The California Consumer Privacy Act (CCPA), effective January 1, 2020, introduces new disclosure obligations and privacy rights for California consumers, potentially impacting the company's operations [175]. - The company may incur substantial expenses in complying with privacy and data security laws in foreign jurisdictions, which could adversely affect revenues and overall business [174]. - Compliance with anti-corruption and economic sanctions laws is critical, as non-compliance could lead to significant legal and financial repercussions [163]. - Regulatory changes concerning telecommunications bandwidth could increase costs and impact the ability to market new products [172]. Strategic Growth and Product Development - The company plans to accelerate the adoption of its solutions by new end customers and expand into new vertical markets [99]. - The company is investing in sales, marketing, and R&D to manage anticipated growth and expansion effectively [97]. - The company's future success is heavily reliant on the adoption of devices and accessories in industrial enterprise and public sector markets, particularly the transition from LMR to Push to Talk over Cellular and LTE networks [102]. - The company plans to increase sales and marketing expenses to enhance brand awareness among end customers, which may lead to higher costs associated with sales personnel [103]. - The company has implemented a process to ensure proper revenue recognition in accordance with IFRS15, including quarterly peer reviews of sales recognition policies [76]. - The company has entered into a product technology licensing agreement with Wilson Electronics, resulting in a 4.5% licensing fee on revenues from booster products sold [179]. Supply Chain and Manufacturing Risks - Company does not have long-term supply agreements with suppliers, increasing risks of supply interruptions [124]. - Company has experienced shortages in the past that negatively impacted results and may face future shortages [125]. - Company’s products are subject to risks associated with sourcing and manufacturing, relying on independent suppliers for quality and timely delivery [131]. - The company’s suppliers may not have the capacity to meet growth plans, impacting ability to pursue growth strategy [140]. Geopolitical and Economic Factors - Economic uncertainties or downturns could limit availability of funds for customers, adversely impacting company’s business [143]. - Economic boycotts and restrictive laws against Israel may adversely impact operating results and business expansion [194]. - The political and security situation in Israel may lead to claims of force majeure, affecting contractual obligations [193]. - The ongoing conflict in Israel, including military actions and geopolitical tensions, may disrupt the company's operations and supply chain, affecting its ability to raise capital and deliver products [186][190]. - Israeli citizens may be called for military reserve duty, potentially disrupting operations and affecting business [195]. Shareholder and Stock Information - As of December 31, 2023, the company had 570,462 Common Shares issued and outstanding [214]. - An additional 530,000 Common Shares underlying outstanding warrants are registered with the SEC for resale, with 75,714 after the 1-7 reverse stock split [214]. - 259,161 pre-funded warrants remain to be exercised at $0.07, with 37,023 after the 1-7 reverse stock split [214]. - The company does not expect to pay any cash dividends for the foreseeable future, relying on sales of Common Shares for returns [212]. - The trading price of Common Shares is likely to be volatile, influenced by various market factors [210]. - The company has approximately 570,462 Common Shares issued and outstanding as of December 31, 2023, with executive officers and directors owning about 0.08% of these shares [219]. Acquisitions and Corporate Structure - The company has engaged in acquisitions, including the purchase of Signifi Mobile Inc. for CAD$200,000 in cash and 1,000,000 Common Shares valued at CAD$360,000 [233]. - The company has a history of name changes and consolidations, with the most recent name change to Siyata Mobile Inc. occurring after a reverse acquisition in 2015 [232]. - The company may lose its foreign private issuer status in the future, which could result in significant additional costs and compliance requirements [223].