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]

Core Company Overview - Siyata Mobile Inc. has successfully completed its merger with Core Gaming, Inc. on October 3, 2025, marking a significant milestone in its strategic transformation [1][6] - The combined entity is now named Core AI Holdings, Inc., which will focus on advancing next-generation gaming technology and integrating artificial intelligence across its platforms [3][4] Core Gaming Insights - Core Gaming is a leading developer and publisher of mobile and cloud-based gaming solutions, reporting fiscal year 2024 revenues of $79 million [2] - The company boasts a diverse portfolio with over 780 million lifetime downloads and strategic partnerships globally [2] Market Position and Strategy - The mobile gaming industry is valued at $126 billion, and Core AI Holdings aims to leverage artificial intelligence to enhance user engagement and expand its market share [3] - The global AI apps market is projected to grow at a 38.7% CAGR, reaching $2.94 billion by 2024, positioning Core AI Holdings to capture significant market opportunities [3] Corporate Structure and Leadership - Core Gaming will operate as a wholly owned subsidiary of Core AI Holdings, with Aitan Zacharin as CEO and Marc Seelenfreund as President of Siyata PTT Inc. [4][6] - The new Board of Directors has been appointed to guide the strategic transformation of the company [5] Financial and Stock Information - Siyata issued 67,302,300 Common Shares to Core Gaming shareholders based on an exchange ratio calculated from a $160 million valuation [8] - A 1-for-4 reverse stock split will take effect on October 7, 2025, to comply with Nasdaq's minimum bid price requirement [9][11] - The new shares will commence trading on the Nasdaq Capital Market under the symbol "CHAI" on October 7, 2025 [10] Company Mission and Vision - Core AI Holdings aims to harness artificial intelligence to build transformative and scalable offerings across multiple verticals, having developed over 2,100 games and reaching a global user base of over 40 million [12]