Siyata Mobile and Core Gaming Plan Merger to Expand into AI Gaming Market

Siyata Mobile and Core Gaming Merge for AI Innovation

In a significant move set to reshape the landscape of the gaming industry, Siyata Mobile Inc. (Nasdaq: SYTA) has signed a definitive agreement to merge with the innovative game developer Core Gaming, Inc. With both companies looking to the future, this merger aims to leverage their respective strengths and explore new avenues within the burgeoning AI gaming sector.

Understanding the Merger

The merger will see Core Gaming, a leading mobile gaming developer renowned for its extensive portfolio of casual games, become a wholly-owned subsidiary of Siyata Mobile. Strategic leadership is a central theme in this partnership, with Core Gaming's CEO, Aitan Zacharin, set to take the reins of the combined entity. Meanwhile, Siyata Mobile’s current CEO, Marc Seelenfreund, will transition to the role of President, overseeing a newly established subsidiary focusing on Push-To-Talk technologies.

This merger comes at a time when the mobile gaming market is experiencing unprecedented growth, projected to reach a staggering $126 billion globally. With Core Gaming’s reported revenues of approximately $80 million in 2024, Siyata is looking to capitalize on this momentum to enhance shareholder value and strengthen its foothold in the tech industry.

Benefits of the Merger

Both companies anticipate several advantages arising from the merger. Firstly, combining Siyata’s push-to-talk technology with Core Gaming’s extensive user base and innovative AI tools positions the new entity at the forefront of technological advancements in the gaming industry. Core Gaming has successfully engaged 40 million active users worldwide by capitalizing on over 600 million downloads, showcasing their market reach.

Commenting on the merger, Marc Seelenfreund expressed his enthusiasm for the collaboration, stating, "Core Gaming embodies the qualities we seek in a merger partner—strong business principles, stellar management, and immense growth potential." Seelenfreund emphasized the strategic significance of this transaction, especially given the rapidly evolving nature of the mobile gaming sector, echoing the sentiment that the synergy between two distinct business models could unlock new potentials and enhance market competitiveness.

Core Gaming's Edge

The uniqueness of Core Gaming lies in its algorithm-driven technology, which has proven essential for user acquisition and enhancing production efficiency. The integration of AI tools drives creativity and accelerates game development processes, setting the stage for the next generation of mobile gaming. This technological edge positions the merged company to innovate rapidly within a dynamic market, paving the way for significant growth.

Outlook for the Combined Entity

As both the boards of directors from Siyata and Core Gaming have unanimously approved the transaction, which is expected to close in the second quarter of 2025, the focus now shifts to regulatory approvals and strategic implementation. With a shared vision for future growth, they are enthusiastically prepared to adapt to market changes and to meet the demands of an increasingly tech-savvy audience.

Future Plans

Siyata plans to host a virtual press conference to discuss the implications of this merger in greater detail, underlining its commitment to transparency and stakeholder engagement. This professional approach not only assures current shareholders but also attracts potential investors curious about the benefits of this ambitious merger.

As the gaming industry continues to evolve, the merger between Siyata Mobile and Core Gaming could be a defining moment within both companies' trajectories. By harnessing the power of AI and enhancing their product offerings, the new entity not only aims to lead in critical communications but also strives to set a benchmark in the rapidly expanding world of mobile gaming. We look forward to seeing how this partnership unfolds and the innovative contributions it will bring to the industry.

For more details, visit Siyata Mobile's Investors page.