24/7 Market News Snapshot 07 July, 2025 – Siyata Mobile, Inc. (NASDAQ:SYTA)

July 7, 2025

DENVER, Colo., 07 July, 2025 (www.247marketnews.com) – (NASDAQ:SYTA) are discussed in this article.
Today, Siyata Mobile, Inc. (SYTA) is experiencing significant momentum in the market, witnessing a remarkable increase in its stock price. Opening at $3.46, the stock has surged to $4.13, marking a notable gain of 21.47%. This upswing, following a previous close of $3.40, comes amid heightened trading activity, with approximately 2.98 million shares exchanged. Investors are encouraged to take note of this bullish trend, which reflects a growing confidence in Siyata’s innovative offerings and market trajectory.

Siyata is poised to further solidify its position in the technology sector through a transformative merger with Core Gaming, valued at $185 million. This strategic agreement is set to propel Siyata into the rapidly expanding AI-powered mobile gaming industry, with the closing anticipated in the second quarter of 2025, contingent on Nasdaq approval. This merger is expected to enhance both companies’ capabilities and unlock new opportunities within a market projected to exceed $28 billion.

Aitan Zachary, CEO of Core Gaming, spoke positively about the potential of this reverse merger, indicating it will bolster access to capital markets, stimulate growth, and pave the way for future acquisitions. He emphasized a commitment to rewarding legacy Siyata shareholders with a guaranteed minimum 10% equity stake post-merger.

Core Gaming, a significant player in the AI gaming arena, boasts an extensive portfolio that includes over 2,100 games and impressive user engagement statistics, such as more than 43 million monthly active users and a cumulative download count exceeding 790 million. The company’s recent innovation, the AI COMIC App, showcases its dedication to leveraging AI technologies in creating visual content.

Looking forward, the newly combined entity aims to surpass $100 million in revenue by 2025 and achieve profitability, with plans for a special dividend for shareholders if deemed necessary. This merger represents a pivotal advancement for both Siyata and Core Gaming, signifying a new chapter in their growth and innovation strategies within the mobile gaming landscape.

Related news for (SYTA)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.