Siyata Mobile, Inc. ( SYTA ) shares are moving lower on Friday after the company announced that it has postponed its press conference, which was originally planned to highlight a corporate milestone.

The Details: Siyata stated earlier this week that it delayed its press conference in order to focus on an immediate business opportunity. A new date has not been announced, but the press conference is expected to be rescheduled for later this month.

CEO of Siyata, Marc Seelenfreund, said, “Postponing the press conference was a strategic decision made to ensure we fully capitalize on these developments. 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.”

What Else: Siyata also revealed that it has secured an order from a major transit authority for more than two thousand SD7 handsets and accessories to replace the authority’s mobile land radios. The order is slated for delivery in the 2025 first-quarter.

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SYTA Price Action: At the time of writing, Siyata stock is trading 18.2% lower at $7.14, according to data from Benzinga Pro.

Image: 3196481 from Pixabay.