Core AI Holdings announces divestiture of Siyata Mobile, subsidiaries

Core AI Holdings (CHAI) Overview - Core AI Holdings has signed and closed a definitive agreement to divest Siyata Mobile and its subsidiaries, effective immediately [1] - This divestiture is part of a strategic action to streamline operations and focus on Core AI's core artificial intelligence initiatives [1] Financial Impact of the Divestiture - The initial consideration for the divestiture is $100,000 in cash, with additional earn-out payments based on Siyata's gross revenue [1] - The net loss for the nine months ended September 30, 2025, improved from $12.5 million to $4.8 million, a reduction of $8.7 million due to the removal of Siyata's operating expenses [1] - Total assets decreased from $51.6 million to $31.6 million, reflecting a $20 million reduction associated with the divested business [1] - Total liabilities decreased from $22.4 million to $18.3 million, an improvement of $4.1 million, which strengthens the company's balance sheet [1]