Siyata Mobile Advances Toward Nasdaq Approval in $185M Merger with Core Gaming

July 7, 2025

Strategic Transaction to Solidify Siyata’s Entry into $Multibillion AI Gaming Market

DENVER, Colo., Jul 07, 2025 (247marketnews.com)- Siyata Mobile (NASDAQ:SYTA) continues to advance its landmark $185 million merger with Core Gaming, a transaction that will mark Siyata’s official entry into the fast-growing AI-powered gaming sector, pending Nasdaq approval, which was expected second quarter of 2025.

Initially targeted for closure in Q2 2025, the merger is pending Nasdaq approval, which could happen any moment, positioning Siyata Mobile and Core Gaming to redefine their role in the $28 billion mobile gaming industry.

“Going public via reverse merger gives Core Gaming access to capital markets, enhances our ability to fund growth, and expands our gaming business. It also allows us to explore strategic acquisitions. We are committed to honoring legacy Siyata shareholders with a guaranteed 10% equity post-merger. Our long-term strategy is focused on delivering value across the entire shareholder base. Our goal, though not a forecast, is to exceed $100 million in revenue in 2025 and to have the consolidated company profitable,” said Aitan Zachary, CEO of Core Gaming and, post-merger, the combined companies, during his AMA presentation.

Core Gaming: A Rising Force in AI Gaming

Core Gaming’s portfolio consists of more than 2,100 games, boasting over 790 million cumulative downloads and an impressive 43 million monthly active users (MAUs). Its newly launched AI COMIC App, which enables users to create visual content using advanced AI tools, is already gaining traction with strong monetization and user retention metrics.

The company’s financial trajectory is equally compelling:

  • $13.2M revenue in 2021
  • $38.9M in 2022
  • $57.0M in 2023
  • Estimated $80.8M in 2024

A New Growth Chapter for Siyata Shareholders

Following the merger, Siyata Mobile shareholders will retain a minimum 10% equity interest in the combined entity. If necessary, the company also plans to issue a special dividend, underscoring its commitment to legacy shareholders.

According to Adjust’s 2024 “Navigating the Mobile Gaming Landscape” report, the global average ARPMAU (Average Revenue Per Monthly Active User) is $0.77, but can reach $5.12 in RPGs and $3.69 in adventure games. With 43 million MAUs and a growing portfolio of high-retention titles, Core Gaming is attempting to position to capitalize on these benchmark

ValueScope’s, a Marshall & Stevens company that’s considered the gold standard for business valuations, most recent Core Gaming valuation was raised to over $185 million, partly based on Core Gaming’s metrics.

Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report.

Market Wrap-Up

Eshallgo (NASDAQ:EHGO) entered into a strategic partnership agreement with Tianjin Photonetco Electronic Technology, one of China’s top three office equipment manufacturers.

LogProstyle (NASDAQ:LGPS) announced a Share Repurchase Program for up to 1,086,910 common shares, over the next year.

Mullen Automotive (NASDAQ:MULN), Saverone 2014 (NASDAQ:SVRE), and Sonnet Biotherapeutics Holdings (NASDAQ:SONN) are momentum movers, and Mullen has already traded over 150M shares.

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

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