24/7 Market News Editorial: Siyata Mobile (SYTA) Approaches Quarter-End with Momentum Building Around Core Gaming AcquisitionJune 24, 2025 9:27 AM EDT | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - June 24, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports today that Siyata Mobile (NASDAQ: SYTA) continues to progress toward the closing of its previously announced $180 million acquisition of ...

24/7 Market News: Final Trading Days of Q2 with Clock Ticking on SYTA's $180 Million Merger with Core GamingJune 20, 2025 8:26 AM EDT | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - June 20, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, reminds readers only a few trading days remain in the second quarter, Siyata Mobile (NASDAQ: SYTA) is staring down the closing of its $180 million reverse merger ...

Core Insights - Siyata Mobile Inc. has announced a merger with Core Gaming, which has launched the AI COMIC App, aimed at transforming content creation for creators, gamers, and marketers [1][2] - The AI COMIC App utilizes advanced AI models to convert photos and short videos into high-quality visuals, enhancing the creative process [2][3] - The app is designed to democratize studio-grade production capabilities, allowing users to produce content in minutes rather than weeks [3][5] Company Overview - Siyata Mobile Inc. specializes in mission-critical Push-to-Talk over Cellular handsets and accessories, serving various sectors including emergency services and enterprises [7][8] - Core Gaming is an international AI-driven mobile games developer, having developed over 2,100 games and achieving over 780 million downloads globally [12] Product Features - AI COMIC offers a suite of tools including an AI Comic Video Generator, Portrait & Avatar Creator, and various animation and scene design tools [4][9][10] - The platform is supported by a proprietary Compute Pool System that optimizes AI workloads in real-time, enhancing efficiency and cost management [5][10] Future Vision - Core Gaming envisions AI COMIC as a creative partner that evolves with its users, aiming to expand its storytelling capabilities and streamline content deployment across various platforms [6][10] - The company is focused on capturing a significant share of the market by catering to the needs of AAA game studios, digital marketers, and independent creators [6]

24/7 Market News: Siyata Mobile Sets Foundation with T-Mobile T-Priority Partnership, Fortune 100 Telecom Deal, and Historic Carrier Stocking AchievementsMay 07, 2025 9:19 AM EDT | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - May 7, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, reviews Siyata Mobile's (NASDAQ: SYTA) ("Siyata") recent transformative successes. Since Siyata's $160 million Core Ga ...

Financial Performance - Revenues for 2024 were $11,629,572, a 41.3% increase from $8,233,301 in 2023, primarily driven by a 73.6% increase in rugged device sales [555]. - Gross margin decreased to $2,142,407 (18.4% of sales) in 2024 from $2,657,929 (32.3% of sales) in 2023, a reduction of $515,522 [555]. - Net loss for 2024 was $25,270,714, compared to a net loss of $12,931,794 in 2023, indicating a significant increase in losses [573]. - Adjusted EBITDA for 2024 was negative $14,759,624, worsening from negative $7,836,798 in 2023, a decrease of $6,422,826 [574]. - Cash balance as of December 31, 2024, was $181,730, down from a deficit of $898,771 in 2023, with an accumulated deficit of $116,021,171 [575]. - Net cash flows used in operating activities for 2024 were negative $15,083,655, an increase in cash used of $6,740,895 compared to 2023 [576]. - Net cash flows from financing activities increased to $17,724,129 in 2024 from $9,602,586 in 2023, an increase of $8,121,543 [579]. Shareholder Transactions - For the year ended December 31, 2024, the total common share transactions amounted to 784,564 shares, generating proceeds of $19,201,346 [589]. - As of January 1, 2025, the Company had an opening balance of 787,733 common shares valued at $104,916,071, with a total of 3,486,519 common shares outstanding at the date of the MD&A [591]. - The Company issued 2,643,554 common shares under the Equity Line of credit from January 1, 2025, generating net proceeds of $6,139,092 [591]. - The Company completed a registered offering for an equity line of credit of up to $18,000,000 on January 14, 2025, representing approximately 2,739,296 common shares [591]. - A total of 1,690,000 common shares have been issued under the put agreement, generating net proceeds of $4,062,372 [641]. - The Company redeemed 163 Class C preferred shares for cash totaling $163,000 on February 2025 [641]. Customer Concentration - Approximately 64% of the Company's revenue for the year ended December 31, 2024, was attributable to sales transactions with a single customer, up from 26% in 2023 [609]. Expenses and Costs - Development expenses rose to $625,023 in 2024 from $578,356 in 2023, an increase of $46,667 due to higher intangible costs [557]. - The Company has recognized a total compensation of $1,659,264 for key management personnel for the year ended December 31, 2024 [634]. - The Company assesses impairment of non-financial assets at each reporting date, evaluating conditions that may lead to asset impairment [632]. Mergers and Acquisitions - The merger agreement with Core Gaming Inc. is expected to close in Q2 2025, aimed at enhancing market presence [559]. - A merger agreement was entered into with Core Gaming, Inc., where Core Gaming shareholders will own approximately 90% of the merged entity [644]. - The merger will involve an exchange ratio calculated based on $160,000,000 divided by the volume-weighted average closing price of the Company's common shares [645]. - The Company acquired Clear RF LLC for a total purchase price of $700,000, satisfied by approximately $389,970 in Common Shares and $310,030 in cash [623]. Agreements and Licensing - The Uniden Agreement provides the Company with exclusive rights to use the "Uniden®" trademark, with minimum annual payments of $200,000 in 2023-2025, increasing to $300,000 from 2029-2031 [626]. - The Company has entered into two patent licensing agreements with Via Licensing Corporation, with no minimum royalty fees payable [627]. - The Wilson Agreement requires the Company to pay a royalty of 4.5% of sales of booster products, payable quarterly [628]. Risk Management - Approximately 8% and 16% of the Company's expenses are denominated in CAD$ and NIS, respectively, exposing it to foreign currency exchange risks [799]. - Changes of 5% and 10% in the CAD$/US$ exchange rate would have impacted operating expenses by approximately 0.5% and 1%, respectively, in 2024 [799]. - The Company partially hedges foreign currency exchange rate risk by purchasing in US$ from Asian suppliers, with the majority of sales also in US$ [800]. - The Company currently has no off-balance sheet arrangements [647]. Liquidity and Cash Management - The Company ensures sufficient liquidity to meet its obligations, maintaining cash for operational needs for a period of 90 days [615]. - The Company utilizes activity-based costing to monitor cash flow requirements and optimize cash return on investments [615]. - The fair values of the Company's cash and receivables approximate their carrying values, indicating low credit risk associated with cash balances [607].

Core Insights - Siyata Mobile Inc. will deploy its SD7 handsets for mission-critical communications during the 2025 Baker To Vegas Challenge Cup Relay, the world's largest law enforcement relay race [1][2][3] - The event is scheduled for April 5 and 6, 2025, marking its 40th annual running, with over 10,000 participants expected [2] Company Overview - Siyata Mobile Inc. specializes in developing and selling Push-to-Talk over Cellular (PoC) handsets and accessories, primarily targeting first responders and enterprise workers [4][5] - The SD7 devices are designed for performance in rugged terrains, making them suitable for the challenging conditions of the relay race [3] - The company emphasizes its commitment to public safety professionals and aims to enhance situational awareness and save lives through its communication solutions [4] Partnerships and Collaborations - Siyata collaborates with Verizon Frontline, which has a long-standing commitment to supporting law enforcement and first responders, to ensure effective communication during the event [3] - The partnership highlights the importance of delivering mission-critical communications over reliable networks [3]

Company to highlight Core Gaming AI growth strategy online on April 3 at VirtualInvestorConferences.com VANCOUVER, BC, March 31, 2025 /PRNewswire/ -- Siyata Mobile Inc. (Nasdaq: SYTA) ("Siyata" or the "Company"), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, today announced its financial results for the three and 12 months ended December 31, 2024. core gaming logo (PRNewsfoto/Siyata Mobile Inc.) In light of the recently announced signing of a definitive merger a ...

Core Company Announcement - Siyata Mobile Inc. plans to release its financial results for Q4 and full-year 2024 on March 31, 2025, after market close [1] - The company will not host a conference call for the financial results due to a definitive merger agreement with Core Gaming, Inc. [1][4] - Investors are encouraged to attend the AI & Technology Virtual Investor Conference on April 3, 2025, where Core Gaming's CEO will present the growth strategy [1][2] Core Gaming Overview - Core Gaming, Inc. is a global AI-driven mobile gaming developer and publisher based in Miami, Florida [3] - The company has developed over 2,000 games, achieved over 600 million downloads, and has a user base exceeding 40 million across more than 140 countries [3] Merger Details - The merger agreement between Core Gaming and Siyata Mobile is subject to regulatory approvals and customary closing conditions [4]

VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. (NASDAQ:SYTA, SYTAW)) ("Siyata" or the "Company"), announced today that Aitan Zacharin, CEO of Core Gaming, Inc. ("Core Gaming") who it recently signed a definitive merger agreement with, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com on April 3, 2025. Date: Thursday, April 3, 2025 Time: 10:30 – 11 am ETLink: Register HereAvailable for 1x1 meetings April 3rd This ...

Group 1 - Siyata Mobile Inc. announced a definitive merger agreement with Core Gaming, which has now entered into a collaboration with Fire Rhino Studios for a research and development initiative in the casual gaming market [1][5]. - Core Gaming specializes in AI-driven mobile gaming and has developed over 2,000 games, achieving over 600 million downloads and a user base of over 40 million across more than 140 countries [4]. - Fire Rhino Studios is recognized for its success in casual puzzle games, particularly in card and sorting games, with notable titles such as Solitaire Aces and Block Sort Temple [2]. Group 2 - Aitan Zacharin, CEO of Core Gaming, expressed enthusiasm about the partnership with Fire Rhino, emphasizing the goal to create engaging and thought-provoking gaming experiences that combine fun gameplay with strategic depth [3].