Siyata Joins the Club
DENVER, Colo., Nov 30, 2023 (247marketnews.com)- Siyata Mobile (NASDAQ:SYTA) announced, this morning, that it will effect a 1-for-7 reverse stock split of its common shares, which will become effective on Monday, December 4, 2023, so that its Common Shares will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on December 4, 2023.
The move is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq, but there is no guarantee the Company will meet the minimum bid price requirement.
We’ve covered many successful reverse splits, like Clearmind Medicine Inc (NASDAQ:CMND). Another great recent reverse split is Yoshiharu Global Co (NASDAQ:YOSH)
Siyata is trading at $0.393, down $0.0207 (-5.00%), on 97K shares traded.
Its 52-week range is $0.3322 to 29.20. This hit its 52-week low on the 17th, but it has a nice gap when it crosses 76-cents and if can continue to announce successful milestones, like developing new sales verticals, it has a legitimate shot of reaching that to close the gap, which represents nearly a double.
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.
Link to SYTA disclosure here- https://247marketnews.com/syta-siyata/
The stocks and strategies discussed are simply ideas only and are in no way financial advice or recommendations. The author may or may not at any time be holding securities discussed. The author may or may not enter trades in the stocks mentioned. Some positions in mentioned stocks may already be held or are being adjusted or are simply examples, ideas or discussion topics. You are always trading at your own risk.
Please go to 247marketnews.com or https://247marketnews.com/terms-disclaimer/ for further information.