SIYATA PTT Filed Direct listing

What the company does

Siyata PTT is a Cayman Islands exempted company that develops, markets and sells a portfolio of rugged handheld push-to-talk (PoC) cellular-based communications solutions over advanced 4G/LTE and 5G mobile networks under the Siyata brands to global first responders and enterprise customers. Its two complementary product categories include rugged handheld mobile devices and in-vehicle communications solutions for first responders, military, enterprise customers, commercial fleet vehicles and industrial workers. The company operates through subsidiaries in Quebec, Israel, Nevada and Washington, and was formed in connection with a December 2025 separation from Core AI Holdings, Inc.

Use of proceeds

We will not receive any proceeds from the sale of Class A Shares by the selling shareholders. The selling shareholders will pay any underwriting discounts and commissions and expenses incurred by them, while we will bear all other costs, fees and expenses incurred in effecting the registration of the shares covered by this prospectus.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from F-1/A 0001213900-26-093558, filed Aug 25, 2026 and verified against that filing text.

Key risk factors

• History of operating losses

  “Our business has a history of operating losses and we may never achieve or maintain profitability.”

• Novel listing method may cause volatility

  “Further, the listing of our Class A Shares on Nasdaq, without a firm-commitment underwritten offering, is a novel method for commencing public trading in our Class A Shares and, consequently, the trading volume and share price of our Class A Shares may be more volatile than if our Class A Shares were initially listed in connection with an initial public offering underwritten on a firm-commitment basis.”

• No assurance Nasdaq listing will be approved

  “There can be no assurance that we will satisfy those requirements, or that our Class A Shares will ever begin trading on Nasdaq. If our Nasdaq listing is not approved, this direct listing will not be completed.”

• Limited public market history for Class A Shares

  “No public market for our Class A Shares currently exists, and Class A Shares have a limited history of trading in private transactions.”