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Associated Press
3 days ago
- Business
- Associated Press
24/7 Market News: Siyata Mobile Files Form 6-K as Reports Suggest Imminent Closing of $185M Core Gaming Merger
Form 6-K Filing Provides Strong Signal of Progress Toward Transformative Transaction Denver, Colorado--(Newsfile Corp. - July 11, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that Siyata Mobile (NASDAQ: SYTA) filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), providing a significant update on its $185 million merger with Core Gaming, an AI-driven gaming innovator, which is pending Nasdaq approval. This transformative deal is designed to leverage Core Gaming's 43 million monthly active users (MAUs) and innovative AI COMIC App. The Form 6-K filing, filed on July 10, 2025, provides investors with critical updates on its financial standing, business operations, and material events, including audited and unaudited financial statements for Core Gaming, as well as pro forma combined financials for Siyata and Core Gaming. The Form 6-K filing, which is commonly used by foreign private issuers to disclose material events and provide current updates to investors, is widely viewed as a strong indication that the merger is imminent. While the merger has not yet been formally declared complete, industry sources have reported that the transaction may have already closed or is in its final stages of execution. Aitan Zacharin, Core Gaming's CEO and slated leader of the combined company, emphasized, during a May 15, 2025, AMA, '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.' Form 6-K vs. Form 8-K: Understanding the Regulatory Framework Merger Overview: Siyata Mobile and Core Gaming The merger between Siyata Mobile and Core Gaming represents a pivotal transformation in Siyata's business model. Previously focused on communications hardware for enterprise and emergency services, Siyata is now poised to enter the $28 billion AI-powered gaming and digital entertainment market. 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: This merger will create a diversified and technology-driven digital entertainment company positioned to capture market share in the fast-growing AI and gaming sectors. Shareholder Impact: Legacy SYTA Shareholders Maintain Significant Stake As part of the merger structure, legacy shareholders of Siyata Mobile are guaranteed to retain at least 10% ownership of the combined company. This strategic arrangement ensures that current investors in Siyata will continue to benefit from the upside potential and long-term value creation expected from the newly combined entity. For more information, please visit or refer to the latest SEC filings at Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. [ This image cannot be displayed. Please visit the source: ] Core Gaming About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Contact [email protected] for Analyst Report coverage and other investor/public relations services. For additional Siyata disclosure About 24/7 Market News As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here. 24/7 MARKET NEWS, INC Disclaimer Please go to for disclaimer information. CONTACT: 24/7 Market News [email protected] To view the source version of this press release, please visit
Yahoo
3 days ago
- Business
- Yahoo
24/7 Market News: Siyata Mobile Files Form 6-K as Reports Suggest Imminent Closing of $185M Core Gaming Merger
Form 6-K Filing Provides Strong Signal of Progress Toward Transformative Transaction Denver, Colorado--(Newsfile Corp. - July 11, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that Siyata Mobile (NASDAQ: SYTA) filed a Form 6-K with the U.S. Securities and Exchange Commission (SEC), providing a significant update on its $185 million merger with Core Gaming, an AI-driven gaming innovator, which is pending Nasdaq approval. This transformative deal is designed to leverage Core Gaming's 43 million monthly active users (MAUs) and innovative AI COMIC App. The Form 6-K filing, filed on July 10, 2025, provides investors with critical updates on its financial standing, business operations, and material events, including audited and unaudited financial statements for Core Gaming, as well as pro forma combined financials for Siyata and Core Gaming. The Form 6-K filing, which is commonly used by foreign private issuers to disclose material events and provide current updates to investors, is widely viewed as a strong indication that the merger is imminent. While the merger has not yet been formally declared complete, industry sources have reported that the transaction may have already closed or is in its final stages of execution. Aitan Zacharin, Core Gaming's CEO and slated leader of the combined company, emphasized, during a May 15, 2025, AMA, "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." Form 6-K vs. Form 8-K: Understanding the Regulatory Framework Form 6-K is a report used by foreign private issuers to furnish important information to U.S. investors. This includes updates on financial performance, business developments, and material events that could affect the value of the issuer's securities. Form 8-K, on the other hand, is typically filed by U.S.-domiciled issuers and is required when disclosing major corporate events such as mergers and acquisitions, changes in executive leadership, amendments to company bylaws, or changes in control. For the Siyata-Core Gaming merger to be officially confirmed as complete under SEC rules, the appropriate disclosure would be filed via Form 8-K. Merger Overview: Siyata Mobile and Core Gaming The merger between Siyata Mobile and Core Gaming represents a pivotal transformation in Siyata's business model. Previously focused on communications hardware for enterprise and emergency services, Siyata is now poised to enter the $28 billion AI-powered gaming and digital entertainment market. 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 This merger will create a diversified and technology-driven digital entertainment company positioned to capture market share in the fast-growing AI and gaming sectors. Shareholder Impact: Legacy SYTA Shareholders Maintain Significant Stake As part of the merger structure, legacy shareholders of Siyata Mobile are guaranteed to retain at least 10% ownership of the combined company. This strategic arrangement ensures that current investors in Siyata will continue to benefit from the upside potential and long-term value creation expected from the newly combined entity. For more information, please visit or refer to the latest SEC filings at Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. Core Gaming About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Contact sales@ for Analyst Report coverage and other investor/public relations services. For additional Siyata disclosure About 24/7 Market NewsAs a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here. 24/7 MARKET NEWS, INC DisclaimerPlease go to for disclaimer information. CONTACT:24/7 Market NewsEditor@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
24/7 Market News: Siyata Mobile Advances Toward Nasdaq Approval in $185M Merger with Core Gaming
Strategic Transaction to Solidify Siyata's Entry into $Multibillion AI Gaming Market Denver, Colorado--(Newsfile Corp. - July 7, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that 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. With 43 million MAUs and a growing portfolio of high-retention titles, Core Gaming is attempting to position to capitalize on these benchmarks. Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. Core Gaming About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Contact sales@ for Analyst Report coverage and other investor/public relations services. For additional Siyata disclosure About 24/7 Market NewsAs a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here. 24/7 MARKET NEWS, INC DisclaimerPlease go to for disclaimer information. CONTACT:24/7 Market NewsEditor@ To view the source version of this press release, please visit
Associated Press
30-06-2025
- Business
- Associated Press
247 Market News: Independence Day May Come Early for Siyata Mobile SYTA Shareholders via $185M Core Gaming Merger
Denver, Colorado--(Newsfile Corp. - June 30, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that Siyata Mobile (NASDAQ: SYTA) is on track to close its landmark $185 million merger with Core Gaming. This strategic acquisition positions Siyata squarely within the rapidly expanding multibillion dollar AI-driven gaming market and is expected to close in Q2 2025, so the clock is ticking on what should be the transaction's final day(s). Core Gaming, renowned for a vast portfolio comprising over 2,100 games, has achieved over 790 million cumulative downloads, drawing a robust community of 43 million monthly active users (MAUs). Recently, Core Gaming introduced its innovative AI COMIC App, an advanced AI-powered visual content creation platform. The app has swiftly gained popularity, demonstrating robust monetization and strong user retention metrics. The global AI gaming market is seeing explosive growth, with recent industry forecasts highlighting continued remarkable double digit growth rates: Aitan Zacharin, CEO of Core Gaming and slated to lead the combined companies post merger, commented, 'With AI COMIC, we have developed a platform that puts studio-grade production capabilities into the hands of everyday users. AI COMIC empowers creators, whether they are gamers, artists or marketers, with AI tools that are not only powerful but also accessible. What once took weeks of planning, design and collaboration can now be accomplished in minutes, freeing creators to focus on their vision and storytelling. AI COMIC rapidly accelerates development, but importantly, it unlocks new forms of expression, removes friction and enables a broader, more diverse creative community to bring their ideas to life delivering results that rival professional studios.' Upon Nasdaq approval, Siyata Mobile will retain a minimum of 10% equity interest in the combined entity for legacy shareholders, supported by a special dividend, underscoring its commitment to delivering sustained value. This strategic acquisition not only places Siyata Mobile at the forefront of the booming AI gaming sector but also significantly enhances its revenue profile, Core Gaming's reported revenue grew from $13.2 million 2021, $38.9 million in 2022, $57.0 million in 2023, an estimated $80.8 million for 2024. Readers are invited to view Aitan Zacharin's investor presentation, which confirmed strong growth across the board and Core Gaming's position as a formidable player in the rapidly growing mobile gaming market. Core Gaming's growth is powered by its AI-based BI platform, which allows it to serve tailored ads and optimize revenue per user in real time and turn player engagement into reliable financial performance. ValueScope, LLC., a Marshall & Stevens company that's considered the gold standard, raised its most recent Core Gaming valuation to over $185 million, partly based on Core Gaming's metrics. ValueScope is projecting 2026 revenue of $240.8 million, for Core Gaming, implying a combined company valuation of $722.4 million (3x) to $963.2 million (4x), as Core Gaming's peers command a 3x-5x EV/Sales range. The Value of Monthly Active Users (MAUs) Adjust's Navigatingthe Mobile Gaming Landscape (2024) report highlights that in 2023, the global average ARPMAU across all mobile gaming subcategories was $0.77. Notably, Role-Playing Games (RPGs) generated the highest ARPMAU at $5.12, while adventure games earned $3.69 per MAU. The U.S. had the highest ARPMAU at $1.25, which is 62% above the global average. According to the Udonis Mobile Gaming Market Statistics (2025) report, the average ARPU for mobile games in the U.S. is projected to be $60.58 in 2025, with expectations to reach $65 by 2029. This indicates a significant increase in user spending over time. Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. [ This image cannot be displayed. Please visit the source: ] Core Gaming Logo About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Contact [email protected] for Analyst Report coverage and other investor/public relations services. For additional Siyata disclosure About 24/7 Market News As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here. 24/7 MARKET NEWS, INC Disclaimer Please go to for disclaimer information. CONTACT: 24/7 Market News [email protected] To view the source version of this press release, please visit
Yahoo
24-06-2025
- Business
- Yahoo
24/7 Market News Editorial: Siyata Mobile (SYTA) Approaches Quarter-End with Momentum Building Around Core Gaming Acquisition
Denver, Colorado--(Newsfile Corp. - June 24, 2025) - a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports today that Siyata Mobile (NASDAQ: SYTA) continues to progress toward the closing of its previously announced $180 million acquisition of Core Gaming, a fast-scaling AI technology and mobile entertainment platform. With the second quarter drawing to a close, Core's recent performance led by the global momentum of its AI COMIC app continues to validate the strategic rationale behind the transaction. Core Gaming's flagship AI media application, AI COMIC, experienced a sharp acceleration in user growth across key international markets. In less than one year, the combined user base in Japan and South Korea expanded from 2,500 to over 32,000 a 1,200%+ increase. During that time, the region's share of Core's global user base rose from 4.12% to 14.38%. Aitan Zacharin, Core Gaming's CEO who is slated to head the combined companies, post-merger closing, stated, "AI COMIC's breakout success in Japan and South Korea is a powerful validation of our strategic vision. Return on investment in the region has more than tripled, driven by targeted localization efforts such as a language-optimized user interface. Just as important, the virality we are seeing through widely used platforms like TikTok and Facebook underscores how deeply users are engaging with our product." Powered by Core's proprietary infrastructure including a dynamic Compute Pool System (CPS), multimodal generative models, and scalable cloud orchestration AI COMIC enables users to create high-quality, stylized content such as anime avatars, video transformations, and interactive visual experiences with minimal friction. AI Gaming Market Outlook: Strong Global Tailwinds Recent forecasts highlight the substantial growth opportunity across AI-enabled gaming and creative technologies. These insights reflect accelerating demand for AI-based content experiences an area where Core Gaming is already delivering commercially at scale. Zacharin added, "AI COMIC is just one example of what our platform can do. Our AI infrastructure is built for scale to transform workflows across a multitude of use cases including gaming, marketing, education and enterprise content. By automating the most time-consuming parts of creation, we empower teams to focus on storytelling and strategy. The momentum we are experiencing in Japan and South Korea is a clear signal that our technology can shape the future of creative expression on a global scale. "We continue to work diligently to finalize the merger with Siyata and remain confident that we will secure regulatory approval in the near future, with closing expected shortly thereafter." The transaction remains subject to final regulatory and exchange approvals, including NASDAQ confirmation of continued listing. Siyata will provide further updates as developments occur. Please click here for a Deeper Dive on MAU Valuation Models, or insights from the ValueScope Report. About Core Gaming Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core's mission is to build globally scalable AI products that power entertainment, productivity, and creative expression. For more information on Core Gaming's latest developments and offerings, visit Core Gaming Contact sales@ for Analyst Report coverage and other investor/public relations services. About 24/7 Market News 24/7 Market News is a leading market news platform for public companies. As a pioneer in digital media, 24/7 Market News is dedicated to the swift distribution of financial market news and information. 24/7 Market News takes great pride in creating innovative public relations campaigns that help clients reach the target audience. 24/7 MARKET NEWS, INC DisclaimerPlease go to for disclaimer information. has been compensated $2,500 per week by MicroCap Strategies for ongoing press and editorial coverage of Siyata Mobile. This compensation is strictly for news distribution and does not include any other services, which may be subject to separate agreements and fees. All opinions expressed are those of the author. This communication is for informational purposes only and should not be construed as investment advice or a solicitation to buy or sell securities. Readers are advised to perform their own due diligence. For additional Siyata disclosure CONTACT:24/7 Market NewsEditor@ Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, the popularity and/or competitive success of the Company's acquired football and other sports teams, the Company's ability to attract players and staff for acquired clubs, unsuccessful acquisitions or other strategic transactions, the possibility of a decline in the popularity of football or other sports, the Company's ability to expand its fanbase, sponsors and commercial partners, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law. 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