Siyata Mobile Signs Definitive Agreement to Merge with Leading AI Gaming Developer, Core Gaming

Core Viewpoint - Siyata Mobile Inc. has signed a definitive merger agreement with Core Gaming, a global gaming developer with approximately $80 million in revenues for 2024, which is expected to unlock value for Siyata's shareholders [1][3][6] Merger Highlights - The merger is valued at approximately$160 million, providing Siyata shareholders with a premium to the current market valuation [3][6] - Core Gaming operates in the mobile gaming industry, which is projected to grow significantly, positioning the combined entity for rapid growth [3][5] - The transaction is expected to be completed in the second quarter of 2025, pending regulatory approval [8] Core Gaming's Business Profile - Core Gaming has developed over 2,000 casual mobile games, engaging 40 million monthly active users and achieving over 600 million downloads [7][10] - The company utilizes unique algorithm-driven technology and AI tools, resulting in a 50% boost in content production and a reduction in production time by over 40% [7][10] - Core Gaming's unaudited gross revenues for fiscal year 2024 were approximately $80 million [7] Leadership and Structure - Aitan Zacharin, CEO of Core Gaming, will lead the combined public company, while Marc Seelenfreund will serve as President and lead a new Push-To-Talk subsidiary [6][8] - The Board of Directors will include Marc Seelenfreund and four directors designated by Core Gaming [6]