Siyata Mobile Inc.

04/15/2024 | Press release | Distributed by Public on 04/15/2024 14:07

Certificate of Incorporation/Bylaws - Form 6-K

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Series C Preferred Share

On April 9, 2024 (the "Filing Date"), Siyata Mobile Inc., a company incorporated under the laws of British Columbia, Canada (the "Company") filed a Notice of Alteration with the State of British Columbia, Canada designating 290 shares out of the authorized but unissued shares of its preferred shares as Class C Preferred Shares with a stated value of $1,000 per share. The following is a summary of the principal terms of the Class C Preferred Shares as set forth in the Notice of Alteration. Capitalized terms not defined herein shall have the meaning assigned to them in the Notice of Alteration.

Dividends. Pursuant to the Notice of Alteration, the Class C Preferred Shares shall receive cumulative dividends of 0% per annum, payable quarterly. Further, each holder of Class C Preferred Shares shall be entitled to receive, and the Company shall pay, dividends on shares of Class C Preferred Shares equal to (on an as-if-converted-to-Common-Share basis) and in the same form as dividends actually paid on shares of the Common Share when, as and if such dividends are paid on shares of the Common Share.