UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: May 2022
Commission file number: 001-39557
SIYATA MOBILE INC.
(Translation of registrant’s name into
English)
2200 - 885 West Georgia Street
Vancouver, BC V6C 3E8
514-500-1181
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulations S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulations S-T Rule 101(b)(7):_____
Item 4.01 Changes in Registrant’s
Certifying Accountant.
Departure of Independent Registered Public
Accounting Firm
On May 24, 2022, Siyata
Mobile Inc. (the “Company”) received a letter from Davidson & Company LLP (“Davidson”) that
stated that Davidson did not wish to be reappointed as the Company’s independent registered public accounting firm for the fiscal
year ending December 31, 2022. Davidson will no longer serve as the Company’s independent registered accounting firm as of May
24, 2022. The Company has requested that Davidson respond fully to the inquiries of Friedman, LLP, the Company’s successor independent
registered public accounting firm (see below), and Davidson has agreed to cooperate with the Company and Friedman with respect to the
transition.
During the Company’s
fiscal years ended December 31, 2021 and 2020 and the subsequent interim period through the filing of this Current Report on Form 6-K,
there were no “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304
of Regulation S-K) with Davidson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope
or procedure, which disagreements, if not resolved to the satisfaction of Davidson, would have caused Davidson to make reference to the
subject matter of such disagreements in connection with its report.
Davidson’s report
on the consolidated financial statements for the Company’s fiscal years ended December 31, 2021 and 2020 did not contain any adverse
opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that
Davidson’s report for the years ended December 31, 2021 and 2020 contained an explanatory paragraph indicating that there was substantial
doubt about the ability of the Company to continue as a going concern. In a separate correspondence, Davidson identified five material
weaknesses in our internal controls over financial reporting.
During the Company’s
fiscal years ended December 31, 2021 and 2020 and the subsequent interim period through the filing of this Current Report on Form 6-K
, there have been no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K), except for certain material
weaknesses in the Company’s internal control over financial reporting.
As previously disclosed
in Item 15(a) “Controls and Procedures” of the Company’s Annual Report on Form 20-F for the fiscal year ended December
31, 2021, Davidson identified five material weaknesses that related to: (i) the insufficient review of inventory balances for products
which are slow-moving; (ii) the insufficient review of advances to suppliers on products that are no longer selling; (iii) the insufficient
controls surrounding off-site inventory tracking; (iv) the insufficient review whether product returns relate to sales recorded in the
fiscal year; and (v) the insufficient review of title transfer terms to determine the period in which revenue should be recorded.
The Company provided
Davidson with a copy of the disclosure contained in this Current Report on Form 6-K and requested that Davidson furnish the Company with
a letter addressed to the Securities and Exchange Commission (the “SEC”) stating whether Davidson agrees with the
statements contained in this Current Report on Form 6-K. Davidson has provided the Company with a letter addressed to the SEC stating
whether it agrees with the above statements, a copy of which is filed as Exhibit 16.1 herewith.
Engagement of New Independent Registered
Public Accounting Firm
On May 24, 2022, management
of the Company notified Friedman LLP (“Friedman”) that Friedman had been approved by the Company’s Audit Committee
of the Board of Directors and the Board of Directors as the Company’s independent registered public accounting firm for the fiscal
year ended December 31, 2022.
On May 25 2022, the
Company and Friedman executed an engagement letter formally engaging Friedman as the Company’s independent registered public accounting
firm for the fiscal year ended December 31, 2022.
During the fiscal years
ended December 31, 2021 and 2020 and the subsequent interim period through the filing of this Current Report on Form 6-K, the Company
did not consult with Friedman with respect to: (a) the application of accounting principles to a specified transaction, either completed
or proposed, or the type of audit opinion that might be rendered with respect to the Company’s financial statements, and no written
report or oral advice was provided to the Company by Friedman that was an important factor considered by the Company in reaching a decision
as to any accounting, auditing or financial reporting issue, or (b) any matter that was subject to any disagreement, as defined in Item
304(a)(1)(iv) of Regulation S-K and the related instructions thereto, or a reportable event within the meaning set forth in Item 304(a)(1)(v)
of Regulation S-K.
The Company provided Friedman
with a copy of the disclosure contained in this Current Report on Form 6-K and provided Friedman the opportunity to furnish the Company
with a letter addressed to the SEC containing any new information, clarification of the Company’s expression of its views, or the
respects in which it does not agree with the statements made by the Company in this Current Report on Form 6-K. Friedman has not
provided the Company with such a letter.
Item 8.01 Other Events
The Company is obligated
under the listing standards of the Canadian Securities Administrators to file a notice of the change of auditors with SEDAR which can
be found at www.sedar.com.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
The following documents
are herewith filed or furnished as exhibits to this report:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SIYATA MOBILE INC. |
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(Registrant) |
|
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By: |
/s/ Marc Seelenfreund |
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Name: |
Marc Seelenfreund |
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Title: |
Chief Executive Officer |
Date: May 31, 2022
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