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24/7 Market News: Final Trading Days of Q2 with Clock Ticking on SYTA's $180 Million Merger with Core Gaming
Newsfileยท 2025-06-20 12:26
Company Overview - Siyata Mobile is in the final stages of a $180 million reverse merger with Core Gaming, with only a few trading days left in Q2 2025 for the deal to close [1] - The merger aims to position the company in the AI-powered mobile gaming sector, which is currently seen as scalable and profitable [2] Merger Details - The final step for the merger is obtaining NASDAQ's approval for continued listing post-merger, which is expected to happen soon [2] - Post-merger, Core Gaming shareholders will own up to 90% of the combined entity, while Siyata shareholders will retain at least 10% [3] Core Gaming's Strengths - Core Gaming is not a speculative startup; it boasts over 2,100 mobile games, 700 million downloads, and 43 million monthly active users [7] - The estimated revenue for Core Gaming in 2024 is over $80 million, supported by AI-powered storylines and visual content [7] Future Outlook - The merger is structured to enhance Core Gaming's visibility and access to capital, potentially attracting new institutional interest [4]