Siyata Mobile’s $160M Core Gaming Merger Closing Date Nears Without Advance Notice

June 2, 2025

With Expected Second Quarter 2025 closing, Core Gaming Timing Now at a Crossroads

DENVER, Colo., Jun 02, 2025 (247marketnews.com)- Siyata Mobile’s (NASDAQ:SYTA) $160 million merger with Core Gaming, though a precise closing date remains under wraps merger is scheduled to close in the Second Quarter of 2025, which means it may close any moment.

Since Core Gaming’s exponential historical performance and growth rate are so compelling, and Siyata’s CEO structured a winning transaction for SYTA merger record date shareholders, it makes sense that the optimal position will be for those who act before the merger close record date is announced.

Siyata Mobile’s transformative merger with Core Gaming, announced on February 26, 2025, is set to redefine Core Gaming’s position in the $126 billion mobile gaming market.

The Setup: What You Need to Know

  • $160M Merger with Core Gaming: A profitable, AI-powered mobile game publisher
  • Valued by ValueScope, the gold standard in M&A valuation, at $185M in November
  • 5-year history of rapid revenue growth
  • $80M 2024 Revenue and Projected $240M in 2026 revenue, with up to $936M EV valuation at 4x sales
  • Merger expected to close Q2 2025 – clock’s ticking
  • Nearly 800M total downloads
  • 43M MAUs (Monthly Active Users)
  • Built on AI-driven analytics to optimize game engagement and monetization
  • Growth powered by the same F2P and behavioral modeling tech fueling giants like AppLovin and EA

If Core Gaming lands in the valuation territory of other mobile leaders like Zynga or Playtika at 8–10x sales, we’re talking about a $1.8B–$2.4B valuation.

That puts SYTA’s stake at least $180M–$240M—with a current market cap far below that.

Record Date Mechanics: What You Need to Know

The merger structure is all about rewarding existing shareholders before the market fully prices in the potential of Core Gaming’s growth story.

Merger Closing Date and No Warning Period

The merger agreement, detailed in Siyata’s SEC Form 6-K filed on February 26, 2025, stipulates that the closing will occur remotely three business days after all conditions outlined in Article VI are satisfied or waived, unless otherwise mutually agreed by the parties.

The Form 6-K states, “The Closing will take place remotely by the exchange of counterpart signature pages… on the date that is three Business Days after the first date on which all conditions set forth in Article VI shall have been satisfied or waived” (Section 3.3). Furthermore, “the Merger shall become effective on the date and at the time agreed by Purchaser and the Company and specified in the Certificate of Merger” (Section 2.1(b)).

Notably, there is no requirement for a public announcement of the closing date in advance, which may catch interested parties off guard if anticipating a pre-closing share price surge. The Form 6-K notes, “On the Closing Date, the Parties shall cause a certificate of merger… to be executed and filed with the Secretary of State of Delaware” (Merger, subsection c), indicating that the effective time will only be confirmed upon filing.

To ensure legacy Siyata shareholders retain at least 10% of the combined entity on a fully diluted basis and, if necessary, Siyata may declare a stock dividend on legacy shares outstanding one business day prior to the effective time, payable within six months post-closing, safeguarding their equity stake.

Implications for Interested Parties

Core Gaming’s CEO, Aitan Zacharin, who will lead the combined entity, emphasized in a recent AMA that the merger enhances access to capital markets and supports strategic acquisitions, aligning with a goal to realize $100 million in revenue and achieve profitability in 2025. Siyata’s legacy Push-to-Talk business will continue under a new subsidiary led by Marc Seelenfreund, ensuring operational continuity.

Shareholders should watch closely for:

  • Finalized effective date
  • Post-merger financials and operational plan
  • Name change and ticker update
  • Execution of the stock dividend clause

Siyata Mobile’s merger with Core Gaming is a pivotal step toward the combined companies moving forward with their mobile gaming market business model. Interested parties are encouraged to monitor Siyata’s Investor Relations Portal (https://ir.siyata.net) for updates and review detailed merger math and technical analysis available at 247marketnews.com.

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Investor Relations Portal (https://ir.siyata.net) for updates and review detailed merger math and technical analysis available at 247marketnews.com.

Please click on ValueScope Report for further insights.

About Core Gaming

Core Gaming is a leading developer and publisher of mobile games, known for its innovative approach to game design and user engagement. As a subsidiary of Siyata Mobile, Core Gaming is committed to delivering high-quality gaming experiences to players worldwide.

Core Gaming

For more information on Core Gaming’s latest developments and offerings, visit www.coregaming.com.

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