Latest news with #SECfiling
Yahoo
8 hours 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
Bloomberg
2 days ago
- Business
- Bloomberg
Bitcoin Holdings of Saylor's Strategy Swell to Over $70 Billion
The total value of Bitcoin held by Michael Saylor's Strategy has surpassed $73 billion as the cryptocurrency treasury company resumed purchases of the digital asset with prices at an all-time high. The former MicroStrategy Inc. bought 4,225 Bitcoin tokens for $472 million at an average price of $111,827 during the seven days ended July 13, according to a filing with the US Securities and Exchange Commission on Monday.
Forbes
4 days ago
- Business
- Forbes
Trump's World Liberty Financial Crypto Venture Raised $50 Million—Likely Sending Millions To His Family, SEC Filing Shows
President Donald Trump's decentralized finance venture, World Liberty Financial, raised $52.1 million through private sales of its crypto token—likely sending tens of millions to him and his family—according to a filing last week with the Securities and Exchange Commission. World Liberty Financial reported distributing $50.7 million, including to President Donald Trump, in ... More proceeds from token sales. Photographer: Gabby Jones/Bloomberg © 2025 Bloomberg Finance LP Trump and his family control about 40% of World Liberty Financial, a decentralized finance platform launched in September 2024 that is building a blockchain-based protocol. On Oct. 15, 2024, World Liberty Financial began selling $WLFI, a crypto token that doesn't convey ownership in the privately held company but gives holders voting rights on certain matters concerning the protocol, and at launch the tokens were nontransferable. An SEC filing made at the end of that month revealed World Liberty Financial sold $2.7 million worth of tokens to 348 accredited investors, with plans to sell no more than $30 million overall—keeping all proceeds inside the company with none flowing to Trump or other founders. But World Liberty Financial disclosed in an SEC filing last week (first flagged by independent journalist Wendy Siegelman) that it sold another $52.1 million of tokens to 1,966 investors—this time distributing $50.7 million to Trump and other founders, rather than retaining all proceeds within the company as in its initial sale. If distributed according to current ownership stakes, the July payout could have netted the Trump family around $20 million—though the filings don't break out individual distributions, and Alan Palmiter, a professor at Wake Forest University who specializes in securities regulation, told Forbes he's not aware of any requirement that payments be proportionate to equity stake. World Liberty Financial declined to comment, and the Trump Organization did not respond to an inquiry. While World Liberty Financial acknowledged in its latest SEC filing that it sold tokens 'to non-US persons' in a separate sale, it did not reveal how much they paid or who they were, saying such details weren't required under U.S. securities laws. What To Watch For On Wednesday, World Liberty Financial asked tokenholders to approve a plan that would let some tokens become transferable, with voting scheduled to close on July 16. Under the proposal, tokens held by founders, team members and advisors—including Trump—would stay locked at first and 'be subject to a longer unlock schedule than early supporters.' White House Deputy Press Secretary Anna Kelly responded to questions about the deal by saying, 'President Trump is dedicated to making America the crypto capital of the world and revolutionizing our digital financial technology,' adding, 'his assets are in a trust managed by his children, and there are no conflicts of interest.' An ethics white paper the Trump Organization released in January noted the Constitution does not bar a president from owning, operating or managing a private business. But to 'avoid even the appearance of any conflict,' the company said it hired an outside ethics adviser and Trump would keep his assets in a trust and not manage the company directly. The Trump Organization, however, later fired that adviser at Trump's instruction. Key Background Trump can earn income from his businesses while in office through the Donald J. Trump Revocable Trust, the same vehicle he used during his first term. He is its sole donor and beneficiary, while Donald Trump Jr. serves as the trustee. The Trump Organization confirmed in an April regulatory filing in the United Kingdom that Trump retains control over his businesses. As president, he has pledged to make the United States the 'crypto capital of the world,' aligning with his expanding investments in digital assets. World Liberty Financial initially allocated 22.5 billion of its 100 billion $WLFI tokens to Trump and family members. Another 35 billion were offered for sale, while the rest were split among other founders, employees and a reserve for community incentives. The Trumps' ownership stake in the company was around 75% at the end of December, dropped to roughly 60% by late January and still appeared at that level on World Liberty Financial's website as of June 8, before being updated to about 40%—though it's unclear exactly when or why the reductions took place. World Liberty Financial's other main product is the USD1 stablecoin, a crypto currency pegged to the U.S. dollar and backed by Treasuries and cash equivalents. Big Number $57.4 million: Trump's income from World Liberty Financial, according to a financial disclosure released in June, which appears to cover roughly a 12-month period ending in December 2024. Surprising Fact World Liberty Financial's investor count surged from 348 last fall to nearly 2,000 by mid-2025—an unusually large pool for a private placement that Marcus Walter, a partner at the law firm Caldwell, told Forbes looks 'more akin to a mini-IPO,' potentially raising compliance hurdles. In June, the Senate passed the Genius Act, a crypto industry-backed bill that would create new rules for stablecoins like World Liberty Financial's USD1. The House could vote on it as early as next week, reported Punchbowl News. Meanwhile, in response to Trump's crypto ventures, Sen. Jeff Merkley, D-Ore., introduced the End Crypto Corruption Act in May, aiming to ban presidents and other top officials from 'issuing, endorsing or sponsoring crypto assets.' The bill is pending with 25 co-sponsors (all Democrats plus Independent Bernie Sanders). Last week, Republicans blocked Merkley's attempt to pass a similar measure as an amendment to another bill. Chief Critic 'Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,' Merkley said in a statement announcing his bill. 'This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government.' Tangent World Liberty Financial co-founder emeritus Steven Witkoff—who serves as Trump's Special Envoy to the Middle East—is also listed in the SEC filing as a recipient of proceeds from the token sale. Forbes Valuation Forbes estimates Donald Trump is worth about $5.2 billion, with crypto making up the bulk of his wealth. Further Viewing Further Reading President Trump's Crypto Firm Expands Relationship With Embattled Blockchain Billionaire (Forbes) SEC Drops Binance Lawsuit Days After Crypto Exchange Lists Trump's Stablecoin (Forbes) Trump's New Partner For Crypto Venture Is KuCoin — An Exchange Banned In U.S., Fined $300 Million For Money Laundering (Forbes) Crypto Now Accounts For Most Of Donald Trump's Net Worth (Forbes)
Yahoo
14-06-2025
- Business
- Yahoo
SEC filing triggers 70% drop in marketing company stock
SEC filing triggers 70% drop in marketing company stock originally appeared on TheStreet. SharpLink Gaming Inc. (NASDAQ: SBET) shares dropped 73% over the last week, closing Thursday afternoon at $10.05 after trading over $38 earlier in the week. The selloff was prompted by a U.S. Securities and Exchange Commission (SEC) filing, which investors misinterpreted as a large-scale insider sale. The filing followed up on a shelf registration statement linked to approximately 58.7 million shares, as part of SharpLink's $425 million private investment in public equity (PIPE) raise last month. While this kind of S-3 filing is routine following a large capital raise like that, its timing sparked panic. Trading in the stock surged as the price plummeted almost 75% in after-hours trading on June 12 and then steadied at around $10. The leaders of SharpLink acted quickly to calm the market. Both the co-founder of Ethereum and chairman of SharpLink, Joseph Lubin, and ConsenSys's general counsel stated that neither they nor any of SharpLink's insiders had sold any stock. Instead, the document filed was registering shares that would be sold in the future. PIPE funds were used earlier this month to purchase more than 176,000 ETH, worth approximately $463 million, making SharpLink one of the largest institutional ETH holders behind the Ethereum Foundation. The firm has also been increasingly accessing new sources of funds via an at-the-market (ATM) equity offering program, which has dedicated $1 billion for the future purchase of ETH. Underlining the market response as a "prisoner's dilemma," CEO Charles Allen said worries of dilution drove preemptive selling. Although the principles remain the same, investor mood may depend on the company's next action regarding ETH and improved communications ahead. At press time, Ethereum was trading at $2,529.44, down over 7% in the last 24 hours, as per Kraken. SEC filing triggers 70% drop in marketing company stock first appeared on TheStreet on Jun 13, 2025 This story was originally reported by TheStreet on Jun 13, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
