By Connor Hart
Shares of Siyata Mobile fell in post-market trading after the company postponed a press conference originally scheduled for Thursday, citing its focus on an immediate business opportunity.
The stock declined 17% to $7.22 after the bell Wednesday. Shares ended the regular session down less than 1% to $8.73, but are up 44% in the last five days. For the last 52 weeks the stock is down 99%.
The Canadian cellular-communications firm said it would reschedule the press conference for later this month, and sait that it would provide a new date "shortly."
Chief Executive Marc Seelenfreund said the postponement was a strategic decision.
"We believe the steps we are taking will significantly strengthen our company's future and I urge shareholders to stay engaged, as we anticipate sharing transformative updates throughout January," he said.
After the bell the company also said it received an order for more than 2,000 SD7 handsets and accessories from a major transit authority that it didn't identify. The order is expected to be delivered in the first quarter.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 08, 2025 18:07 ET (23:07 GMT)
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