Siyata’s Core Gaming Play: Turning Trailblazer into Catalyst
DENVER, Colo., Mar 25, 2025 (247marketnews.com)- Even though Siyata Mobile (NASDAQ:SYTA) unveiled its latest move to expand its global distribution footprint, yesterday, via a deal with a leading “Mobility, Logistics, and Infrastructure Conglomerate in the Middle East,” the next-generation Push-To-Talk over Cellular handsets and accessories innovator is quietly scripting a blockbuster sequel to its story.
The real headliner remains Siyata’s upcoming $160 million merger with Core Gaming, a move that’s designed to benefit current shareholders from the combined companies’ arbitrage play.
Core Gaming brings $80 million in 2024 revenue and received $160 million valuation from ValueScope, a Marshall & Stevens company, based on Core Gaming’s earnings and rapid growth rate. Plus, Core Gaming’s user base dwarfs Siyata’s 2024 PTT footprint, instantly transforming SYTA into a player with scale and swagger.
The Marshall & Stevens valuation is significant because their authoritative reputation, backed by nearly a century of experience, adds instant credibility to a company’s financial standing. Their meticulous approach to valuation, including fairness opinions, solvency assessments, and litigation support, is recognized and respected across major law firms, financial institutions, and regulatory bodies. A valuation from Marshall & Stevens signals transparency, reduces transaction risks, and can significantly streamline mergers, acquisitions, or financial restructuring processes. They are, essentially, the gold standard for this type of transaction.
Aitan Zacharin, Core Gaming’s CEO, will lead the combined companies when the merger is finalized. Zacharin, was recently quoted as saying, “If you extrapolate that number, the value of that 10% legacy shares should be worth over $16 million and with approximately 2 million shares currently outstanding, Siyata’s market capitalization is hovering around $5 million.”
Siyata’s leap into the $126 billion mobile gaming market will be fueled by Core Gaming’s AI-driven tech and its 40 million monthly active users (MAUs), many of whom are familiar with trading on the Robinhood (NASDAQ:HOOD) platform.
Core Gaming was involved in developing or co-developing over 2,000 games and also has a publishing network to assist other game developers market their games, about which Zacharin was quoted, “Outside of AppLovin Corp. (NASDAQ:APP), it’s hard to pinpoint any one company that has a publishing platform as well as game development.”
Plus, the Core Gaming footprint just grew. It announced, this morning, that it entered into an arrangement with Fire Rhino Studios, which calls for Core Gaming and Fire Rhino to collaborate on an R&D initiative to create and promote games in the casual gaming market.
This pivot echoes some of the market’s most electrifying growth stories that turned niche plays into market steamrollers.
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