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Yahoo
4 days ago
- Business
- Yahoo
24/7 Market News: Siyata Mobile's $185M Merger with Core Gaming Nears Completion
Form 6-K Filing Signals Core Gaming's Growing Audience and AI-Driven Engine Set to Transform Siyata's Future Denver, Colorado--(Newsfile Corp. - July 16, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that Siyata Mobile (NASDAQ: SYTA) filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), a key development that strongly suggests its $185 million merger with AI gaming powerhouse Core Gaming, which is pending Nasdaq approval, appears to be in its final execution phase. The SEC filing, made on July 10, 2025, includes audited and unaudited financial statements from Core Gaming, pro forma combined financials, and updated corporate disclosures, all seen as signs that final regulatory and exchange approvals are imminent. Core Gaming: High-Growth AI Media Engine with Global Reach Founded in 2020, Core Gaming has emerged as a standout operator in the mobile and AI gaming space. Its cross-platform ecosystem now includes: 2,100+ mobile games and apps 790 million cumulative downloads 43 million monthly active users (MAUs) App store rankings in 30+ countries, including the U.S., Japan, Germany, and Brazil The company's recent launch of its AI COMIC App, a tool for AI-generated visual storytelling, has added another dimension to its monetization strategy. The app, which lets users create and share personalized comics using Core's AI engine, is already seeing subscription adoption and above-average retention, with ARPU levels outperforming many top-50 mobile games. Annual revenue growth has surged: $13.2M in 2021 $38.9M in 2022 $57.0M in 2023 On track for $80.8M in 2024 Internal expectations exceed $100M in 2025 Core Gaming's revenues are driven by in-app purchases, AI subscriptions, advertising, and should soon see brand partnerships embedded into user-generated content, creating an expanding flywheel of engagement and monetization. Siyata's Strategic Reset: From Push-to-Talk to Platform Play The Core Gaming merger is more than a business combination, it represents a full strategic reinvention for Siyata Mobile. Once focused on enterprise-grade communication devices, Siyata is now entering the high-growth intersection of AI, gaming, and digital media. Core Gaming CEO Aitan Zacharin, who is set to become CEO of the combined entity, emphasized the shift during a May 2025 shareholder presentation, "Going public via reverse merger gives Core Gaming access to capital markets, enhances our ability to fund growth, and expands our gaming business. It also allows us to explore strategic acquisitions. We are committed to honoring legacy Siyata shareholders with a guaranteed 10% equity post-merger. Our long-term strategy is focused on delivering value across the entire shareholder base. Our goal-though not a forecast-is to exceed $100 million in revenue in 2025 and to have the consolidated company profitable." What the 6-K Filing Really Means The Form 6-K, commonly used by foreign private issuers like Siyata, includes: Core Gaming's historical and interim financials Pro forma financials for the combined entity Key leadership and structural changes Signals of pending Nasdaq compliance clearance While not confirmation of closing, the 6-K signals that the companies are nearing completion, with formal approval and a Form 8-K filing expected next. Analysts and investors alike are watching for this next milestone to cement the transition. Shareholder Implications The merger agreement includes a 10% equity floor for legacy Siyata shareholders, ensuring continued participation in the growth of the combined company. For more information, please visit or refer to the latest SEC filings at Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. Core Gaming About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Contact sales@ for Analyst Report coverage and other investor/public relations services. For additional Siyata disclosure About 24/7 Market NewsAs a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here. 24/7 MARKET NEWS, INC DisclaimerPlease go to for disclaimer information. CONTACT:24/7 Market NewsEditor@ To view the source version of this press release, please visit
Yahoo
07-07-2025
- Business
- Yahoo
24/7 Market News: Siyata Mobile Advances Toward Nasdaq Approval in $185M Merger with Core Gaming
Strategic Transaction to Solidify Siyata's Entry into $Multibillion AI Gaming Market Denver, Colorado--(Newsfile Corp. - July 7, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that Siyata Mobile (NASDAQ: SYTA) continues to advance its landmark $185 million merger with Core Gaming, a transaction that will mark Siyata's official entry into the fast-growing AI-powered gaming sector, pending Nasdaq approval, which was expected second quarter of 2025. Initially targeted for closure in Q2 2025, the merger is pending Nasdaq approval, which could happen any moment, positioning Siyata Mobile and Core Gaming to redefine their role in the $28 billion mobile gaming industry. "Going public via reverse merger gives Core Gaming access to capital markets, enhances our ability to fund growth, and expands our gaming business. It also allows us to explore strategic acquisitions. We are committed to honoring legacy Siyata shareholders with a guaranteed 10% equity post-merger. Our long-term strategy is focused on delivering value across the entire shareholder base. Our goal, though not a forecast, is to exceed $100 million in revenue in 2025 and to have the consolidated company profitable," said Aitan Zachary, CEO of Core Gaming and, post-merger, the combined companies, during his AMA presentation. Core Gaming: A Rising Force in AI Gaming Core Gaming's portfolio consists of more than 2,100 games, boasting over 790 million cumulative downloads and an impressive 43 million monthly active users (MAUs). Its newly launched AI COMIC App, which enables users to create visual content using advanced AI tools, is already gaining traction with strong monetization and user retention metrics. The company's financial trajectory is equally compelling: $13.2M revenue in 2021 $38.9M in 2022 $57.0M in 2023 Estimated $80.8M in 2024 A New Growth Chapter for Siyata Shareholders Following the merger, Siyata Mobile shareholders will retain a minimum 10% equity interest in the combined entity. If necessary, the company also plans to issue a special dividend, underscoring its commitment to legacy shareholders. With 43 million MAUs and a growing portfolio of high-retention titles, Core Gaming is attempting to position to capitalize on these benchmarks. Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. Core Gaming About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Contact sales@ for Analyst Report coverage and other investor/public relations services. For additional Siyata disclosure About 24/7 Market NewsAs a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here. 24/7 MARKET NEWS, INC DisclaimerPlease go to for disclaimer information. CONTACT:24/7 Market NewsEditor@ To view the source version of this press release, please visit
