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Siyata Mobile executes a 1-for-10 reverse stock split to meet Nasdaq's minimum price requirement.
Siyata Mobile Inc. (SYTA) announced a 1-for-10 reverse stock split effective December 27 to meet the Nasdaq's $1.00 minimum bid price requirement.
The split will reduce the number of outstanding shares by converting 10 shares into one.
At the time of the announcement, Siyata's stock was trading at $0.63, down 15.09% on Nasdaq.
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Siyata Mobile ejecuta una división de acciones inversa 1-por-10 para cumplir con el requisito de precio mínimo de Nasdaq.