Core AI Announces Divestiture of Siyata Mobile and Subsidiaries

Core Viewpoint - Core AI Holdings, Inc. has divested Siyata Mobile Inc. to streamline operations and focus on its core artificial intelligence initiatives, which is expected to enhance financial performance and shareholder value [1][2][3] Financial Impact - The divestiture is projected to eliminate approximately $12 million in annual cash burn, significantly reducing net losses from $12.5 million to $4.8 million for the nine months ended September 30, 2025, marking an improvement of $8.7 million [2][4] - Total assets decreased from $51.6 million to $31.6 million, reflecting a $20 million reduction due to the divestiture, while total liabilities decreased from $22.4 million to $18.3 million, improving the balance sheet by $4.1 million [5] Strategic Focus - The company aims to invest more aggressively in its AI platform and pursue targeted growth initiatives that can scale efficiently, thereby driving sustained revenue growth and long-term shareholder value [3][2] - Core AI's mission is to leverage artificial intelligence to create transformative and scalable offerings across various sectors, with a focus on mobile games development and publishing [6]