FX.co ★ Siyata Announces 1-For-10 Reverse Stock Split, Stock Down

Siyata Mobile Inc. (SYTA) announced on Tuesday that it will implement a 1-for-10 reverse stock split, which will take effect on December 27. This strategic decision aims to help the company comply with Nasdaq's minimum bid price requirement of $1.00 to maintain its listing. The reverse stock split will consolidate every 10 existing common shares into one new common share. As of now, Siyata's stock is trading at $0.63, reflecting a 15.09 percent decrease on the Nasdaq.