Core AI Holdings, Inc 6-K, filed Oct 23, 2020
Core AI Holdings, Inc. (CHAI)
About this 6-K
Core AI Holdings, Inc filed this 6-K on October 23, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2020
Commission File Number:
SIYATA MOBILE INC.
(Translation of registrant’s name into English)
1001 Lenoir St Suite A-414
Montreal, QC H4C 2Z6
514-500-1181
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Siyata Mobile, Inc. a corporation incorporated under the laws of British Columbia (“Company”), announced that the TSX Venture Exchange (“TSXV”) has confirmed that effective at the close of market on Monday, October 19, 2020, the common shares of the Company will be delisted from the TSXV, at the Company’s request. As previously announced, the common shares of the Company and warrants issued in connection with its U.S. initial public offering began trading on the NASDAQ Capital Market under the symbols “SYTA” and “SYTAW”, respectively, on September 25, 2020.
Item 8.01. Other Events.
As previously disclosed, the Company entered into an Underwriting Agreement, dated September 25, 2020 (the “Underwriting Agreement”), between the Company and Maxim Group LLC, as representative of the several underwriters named therein (collectively, the “Underwriters”) for the issuance of units consisting of shares of the Company’s common shares, no par value (“Common Shares”) and warrants to purchase shares of Common Shares. On October 21, 2020, pursuant to the Underwriting Agreement, the Underwriters exercised their overallotment option for the offer and sale by the Company to the Underwriters, severally, of warrants to purchase up to 266,000 shares of Common Shares (the “Additional Warrants”) with the Company receiving gross proceeds in the amount of $2,660.00.
Item 99.1 Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release, dated October 16, 2020 |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SIYATA MOBILE INC. | ||
| Date: October 23, 2020 | By: | /s/ Marc Seelenfreund |
| Name: Marc Seelenfreund | ||
| Title: Chief Executive Officer | ||
2
Exhibit 99.1
Siyata Mobile Announces Delisting from TSX Venture Exchange
VANCOUVER, British Columbia, Oct. 16, 2020 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (TSX-V:SIM) (“Siyata” or the “Company”) announces that the TSX Venture Exchange (“TSXV”) has confirmed that effective at the close of market on Monday, October 19, 2020, the common shares of the Company will be delisted from the TSXV, at Siyata’s request.
As previously announced, the common shares of the Company and warrants issued in connection with its U.S. initial public offering began trading on the NASDAQ Capital Market (“NASDAQ”) under the symbols “SYTA” and “SYTAW”, respectively, on September 25, 2020.
The current shareholders of Siyata will be able to continue to trade their common shares on NASDAQ and will not be impacted by the delisting from the TSXV. You are urged to contact your broker or registered representative with any questions. The Company will continue to be a reporting issuer in Canada, and will continue to make all necessary regulatory filings, which are available on SEDAR.
Marc Seelenfreund, CEO of Siyata commented, “We are excited to begin this new chapter for Siyata, and with our recent successful public offering in the U.S. and our NASDAQ listing, we continue to eye the growth of our business in the U.S. with the support of the North American capital markets. We have received tremendous support from our very strong investor base in Canada and will continue to work to build value for all of our stakeholders.”
About Siyata
Siyata Mobile Inc. is a B2B global vendor of next generation Push-To-Talk over Cellular (PTT) devices and cellular booster systems. Its portfolio of in-vehicle and rugged smartphones enable first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to improve communication, increase situational awareness and save lives. Its portfolio of enterprise cellular booster systems enables first responders and enterprise workers to amplify its cellular signal in remote areas, inside structural buildings where signals are weak and within vehicles for maximum cellular signal strength possible. Visit www.siyatamobile.com and http://www.unidencellular.com/ to learn more.
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements in this news release include statements relating to the Company’s expectations regarding the delisting of its common shares from the TSXV. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
SIM@kincommunications.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.