Siyata Begins Trading Post-Split Prior to Upcoming “Value Creation Event”
DENVER, Colo., Dec 27, 2024 (247marketnews.com)- Reverse stock splits are usually not good for investors, but exceptions exist and Siyata Mobile’s (NASDAQ: SYTA) stock split could be one of those, as the reverse split can cause an imbalance in shares available, which could cause a price spike if demand increases.
Siyata’s common shares commenced trading today on the Nasdaq Capital Market on a post-split basis.
Stock splits are expected for listings with poor fundamentals, or companies in troubled industries, but the Company’s CEO stated that Siyata is in its best ever position. Plus, Siyata is scheduled to host an upcoming “Value Creation Event”, early January, to unveil a “Pivotal Corporate Milestone” and there may be an opportunity to position before that news.
“Siyata is entering a transformative phase, and this development marks the culmination of months of strategic negotiations and execution. All shareholders are strongly encouraged to attend to appreciate the significant implications for 2025.” Marc Seelenfreund, Siyata’s CEO
Siyata was reporting 4.1 million outstanding shares, so, if the upcoming event is a market moving event, the stock will only have an estimated 410k shares outstanding and even a little less in the float, which could create significant volatility to the upside, assuming that Siyata delivers the promised news
“Siyata is in the best position it’s been in since our company’s inception, as our capital expenditures have directly improved all performance metrics, and we look forward to delivering continued successful results. Please tune into our upcoming press conference, which will highlight a next level shareholder value creation event that you surely won’t want to miss.” Seelenfreund.
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