Denver, Colorado--(Newsfile Corp. - June 20, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, reminds readers only a few trading days remain in the second quarter, Siyata Mobile (NASDAQ: SYTA) is staring down the closing of its $180 million reverse merger with Core Gaming.
This move is designed to pivot the Company into one of the most scalable, profitable, and future-facing verticals in the market right now: AI-powered mobile gaming.
Here's a quick reminder of what's at stake:
NASDAQ Approval Pending
The final step before the deal closes is NASDAQ's green light for continued listing post-merger. That approval could land any day now and, once it does, the Core Gaming acquisition is positioned to close swiftly.
Core Gaming's Firepower
This isn't some speculative AI startup. Core Gaming brings:
- 2,100+ mobile games
- 700+ million downloads
- 43 million monthly active users
- $80M+ estimated 2024 revenue
- A.I. powered storylines and visual content
- A growing global presence through partnerships
Post-Merger Structure
Core Gaming shareholders will own up to 90% of the combined entity. Siyata shareholders are to retain at least 10%, with the potential for a special dividend structure to lock in their equity stake.
Q3 Could Be a Breakout Quarter
The deal is structured to best position Core Gaming to attract new institutional attention. It's not just about the listing it's about visibility, capital access, and support Core Gaming's growth engine.
Core Gaming
Please click here for Core Gaming Merger Notes and Analysis, or insights from the ValueScope Report.
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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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256240
