Siyata Stock Nearly Doubles, Catches Retail Spotlight On T-Mobile Pair-Up

Shares of Siyata Mobile Inc. ($SYTA) surged nearly 85% on Monday morning after the company announced a corporate partnership, getting the attention of retail traders as well.

The stock was among the top five gainers across U.S. bourses by midday ET.

The communications company said that its next-generation SD7 Ultra series 5G mission-critical push-to-talk cellular radio handsets will be available on T-Mobile’s ($TMUS) 5G network, the largest in the nation.

The SD7 Ultra series will provide public safety officials with reliable nationwide radio communications via T-Mobile’s direct connect platform. 

The company said its innovative technology aims to enhance operational awareness, improve response times, and ensure emergency services can effectively handle critical situations.

On Stocktwits, SYTA was trending among the top 20 symbols for message volume and in the top 10 for new watchers within the last 24 hours. 

Notably, the company’s SD7 handsets and VK7 vehicle kits were recently acquired by Trans-West Security Systems, the largest physical private security firm in its operational area.

Despite the positive news, the stock has lost over 95% of its value this year and recently executed a 1-for-18 reverse stock split to comply with Nasdaq’s $1 minimum bid price requirement. 

Currently, the company has a market cap of just $810,500.

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