Siyata Mobile Scores Big AI Deal with Core Gaming Merger

February 26, 2025

DENVER, Colo., Feb 26, 2025 (247marketnews.com)- Siyata Mobile’s (NASDAQ:SYTA) “big moves” continue, as it announced, today, that it agreed to merge with Core Gaming, an AI company that generated approximately $80 million in revenues in 2024. Core Gaming will become Siyata’s wholly owned subsidiary and Aitan Zacharin, Core Gaming’s CEO, will head the combined public company. Marc Seelenfreund, Siyata’s current CEO, will serve as President of the newly formed Push-To-Talk (PTT) subsidiary of Siyata.

The move follows T-Mobile’s (NASDAQ:TMUS) high profile T-Priority initiative, where T-Mobile named Siyata a key 5G partner.

ValueScope, a leading valuation consulting group, issued a fairness opinion that valued Core Gaming at $160 million.

Investors who act quickly can buy into the combined T-Mobile key partner and proven AI pioneer at s steep discount, prior to the transaction’s close, when Siyata’s legacy shareholders will have the right to receive a stock dividend within six months after the merger, so that they will own a minimum of 10% of the combined entity.

Marc Seelenfreund, CEO of Siyata, commented, “Today’s announcement is the product of an exhaustive assessment of numerous strategic alternatives for Siyata over the past several months. Core Gaming possesses all of the qualities we look for in a merger partner- strong business fundamentals, excellent management and opportunities for outsized growth. We could not be more excited to partner with Core Gaming and unlock value for our shareholders. The timing of this transaction is significant given the positive outlook for Core Gaming’s business. Core Gaming operates in the fast-growing mobile gaming industry and we believe is well-positioned for rapid growth in the near-term. It has been independently valued at approximately $160 million, which will provide Siyata’s shareholders with a premium to our current market valuation.

“At Siyata, we remain committed to our mission of being a leader in critical communications, providing outstanding service to our customers and ensuring a seamless transition for our partners. We have made great progress towards expanding distribution and increasing sales, and we are highly optimistic about the future of this business. Despite our many successes, we believe that the company is undervalued, and the merger with Core Gaming represents an exciting path forward. I am pleased to remain with Siyata to continue to lead our efforts and further our strategic objectives.”

Core Gaming developed, published and marketed over 2,000 casual mobile games in over 140 countries. Core Gaming’s unique, algorithm-driven technology gives it an edge in user acquisition. That edge led to 40 million monthly active users and its extensive worldwide distribution platform created over 600 million downloads.

Core Gaming’s cutting-edge AI tools employ text, language, image and video models to achieve a 50% boost in content production, reducing production time by over 40%, and enhances creative output and efficiency.

Core Gaming’s fiscal year 2024 unaudited gross revenues were approximately $80 million.

Aitan Zacharin, Core Gaming’s CEO, commented, “We are excited to announce this reverse-merger with Siyata as it provides us with the opportunity to become a publicly traded company at a pivotal time in our industry. We believe that Core Gaming is well positioned to enter the public markets to pursue our vision of becoming a leading AI-driven gaming company in what is now a $126 billion global market1. We are beginning to see how our AI tools and algorithms are shaping the next generation of gaming. Our unique technology coupled with our exceptional team puts us on track for significant growth potential. I look forward to working with Marc and his team to finalize the transaction, and to make this a tremendous success for Siyata shareholders.”

The combined company’s management will host a virtual press conference at 4:05 pm EST today. The event can be viewed on Siyata’s Investor Relations website, or by clicking this link.

The timely move is happening as AI continues to ignite the stock market, by driving innovation across industries and delivering sizzling returns for investors willing to ride the wave. With the global AI market projected to grow from $235 billion in 2024 to $631 billion by 2028 (International Data Corporation), the race to harness AI’s potential is accelerating.

Here’s four more AI companies that are worth watching.

NVIDIA (NASDAQ:NVDA) is the AI Chip Titan, with a $3 trillion-plus market cap, and remains the AI poster child. Its GPUs dominate generative AI workloads, with an estimated 95% market share—powering data centers for Amazon, Microsoft, and more. Q3 fiscal 2025 revenue surged 94% to $35 billion, with Blackwell chips set for 2025 rollout facing what Jensen Huang called an “insane” demand.

Palantir’s (NASDAQ:PLTR) 340% surge in 2024 and $100 billion cap reflect its AI analytics dominance, fueled by the Artificial Intelligence Platform (AIP). Q3 revenue leaped 30% to $726 million, with U.S. commercial clients growing by 77%. Its recent $618.9 million Army Vantage contract and deals with Rio Tinto and BP underscore its heat.

SoundHound AI (NASDAQ:SOUN) soared 300% last year, leveraging voice AI for automotive and customer service, generated a $45 million revenue run-rate (Q3 2024). Partnerships like Rekor Systems’ emergency vehicle tech (February 2025) tap an estimated $25 billion voice market.

Upstart Holdings (NASDAQ:UPST) leverages AI lending and grew its Q3 2024 revenue by 20%, to $134 million. Upstart operates in a $500 billion fintech market.

SYTA’s squeeze potential could help it join these, and other, AI legends.

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