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24/7 Market News: Siyata Mobile and Core Gaming Continues to Advance Strategic Merger Plans Amid Strong 2025 Progress
Newsfile· 2025-07-28 12:30
Core Viewpoint - Siyata Mobile and Core Gaming are advancing their merger plans, aiming to leverage the growth of the $28 billion AI gaming market while maintaining Siyata's telecommunications business [3][5]. Company Developments - The merger is on track with key milestones achieved and is pending final approval by NASDAQ, with both companies collaborating with regulators and advisors [3]. - Siyata Mobile has expanded its distribution network in North America and Europe, enhancing visibility in sectors such as first responders, transportation, and construction [4]. - Core Gaming has expanded its portfolio and developed original content, achieving 790 million cumulative downloads and attracting 43 million monthly active users [5][11]. Financial Highlights - Core Gaming is valued at $185 million, driven by its AI-based business intelligence platform for tailored ads and optimized user revenue [5]. - Siyata's legacy shareholders will retain at least 10% equity in the combined entity, with a goal to exceed $100 million in revenue in 2025 [6]. Product and Market Positioning - The Siyata SD7 handset received "Verizon Frontline Verified" designation, and Siyata was named a key partner in T-Mobile's first responder program [8]. - Strategic partnerships have been formed with industry leaders to enhance in-vehicle solutions for Siyata's handsets [8].
24/7 Market News: Siyata Mobile's $185M Merger with Core Gaming Nears Completion
Newsfile· 2025-07-16 13:29
Core Insights - Siyata Mobile is nearing the completion of its $185 million merger with Core Gaming, pending Nasdaq approval, as indicated by a recent Form 6-K filing with the SEC [1][2][9] - The merger represents a strategic shift for Siyata Mobile, transitioning from enterprise-grade communication devices to the high-growth sectors of AI, gaming, and digital media [5] Core Gaming Overview - Core Gaming, founded in 2020, has established itself as a leader in the mobile and AI gaming industry, with a cross-platform ecosystem that includes over 2,100 mobile games and applications [3][12] - The company has achieved significant user engagement, with 790 million cumulative downloads and 43 million monthly active users across 140 countries [6][12] Financial Performance - Core Gaming's revenue has shown substantial growth, with projections indicating an increase from $57 million in 2023 to over $100 million in 2025 [7][8] - The revenue streams are diversified, including in-app purchases, AI subscriptions, and advertising, with expectations for brand partnerships to enhance monetization [4] Strategic Implications - The merger will allow Core Gaming to access capital markets, facilitating growth and potential strategic acquisitions, while ensuring a 10% equity stake for legacy Siyata shareholders [8][10] - The Form 6-K filing signals that final regulatory approvals are imminent, with a subsequent Form 8-K filing expected to confirm the merger's completion [9][15]
24/7 Market News: Siyata Mobile Files Form 6-K as Reports Suggest Imminent Closing of $185M Core Gaming Merger
Newsfile· 2025-07-11 13:24
Core Viewpoint - Siyata Mobile has filed a Form 6-K indicating significant progress towards its $185 million merger with Core Gaming, which is pending Nasdaq approval [1][2][3] Merger Details - The merger aims to leverage Core Gaming's 43 million monthly active users and its innovative AI COMIC App, marking a strategic shift for Siyata Mobile into the AI-powered gaming market valued at $28 billion [2][5] - The Form 6-K filing includes critical updates on financial standing, business operations, and material events, including both audited and unaudited financial statements for Core Gaming [2][3] Financial Projections - Core Gaming's CEO has stated a goal to exceed $100 million in revenue in 2025 and to achieve profitability for the combined entity [4] - Historical revenue figures for Siyata Mobile show growth from $13.2 million in 2021 to an estimated $80.8 million in 2024 [14] Shareholder Considerations - Legacy shareholders of Siyata Mobile are guaranteed to retain at least 10% ownership in the combined company, ensuring continued participation in future growth [4][8] Company Profiles - Core Gaming has developed over 2,100 games with more than 790 million cumulative downloads and 43 million monthly active users, positioning itself as a significant player in the AI gaming sector [7][10]