24/7 Market News: Core Gaming CEO Outlines Explosive Growth Strategies in Shareholder AMA and Highlights Special Dividend Ahead of Siyata Mobile Merger

Rhea-AI Summary

Core Gaming CEO Aitan Zacharin outlined growth strategies in a shareholder AMA ahead of the company's $160 million merger with Siyata Mobile (NASDAQ: SYTA). The merger, expected to close in Q2 2025, involves a reverse takeover where Core Gaming shareholders will own ~90% of the combined entity. A special dividend mechanism ensures legacy Siyata shareholders retain at least 10% ownership, payable six months post-closing. Core Gaming boasts 43 million monthly active users, over 790 million downloads, and 2,100+ games across 140 countries. ValueScope values Core Gaming at $185.9 million and projects $240.8 million in 2026 revenue. The company aims to reach $100 million in revenue in 2025 and achieve profitability. Additionally, Siyata is developing a push-to-talk device with a Fortune 100 telecom company, scheduled for Q1 2026 launch.

Positive

• Merger valued at $160 million with Core Gaming, providing significant expansion into mobile gaming market
• Special dividend mechanism guarantees 10% ownership for legacy Siyata shareholders
• Core Gaming has strong market presence with 43M monthly active users and 790M+ downloads
• ValueScope projects substantial revenue growth to $240.8M by 2026
• Partnership with Fortune 100 telecom company for new PTT device development

Negative

• Significant dilution for current Siyata shareholders, reducing ownership to 10%
• Merger completion subject to regulatory approval
• $100M revenue goal for 2025 is not a formal forecast

Insights

Gaming Industry Analyst

Core Gaming brings impressive user base of 43M monthly users to Siyata merger, targeting rapid revenue growth in $126B mobile gaming market.

Core Gaming demonstrates substantial market penetration with 43 million monthly active users and 790 million downloads across 2,100+ games in 140 countries. These metrics reveal significant scale within the $126 billion mobile gaming industry.

CEO Aitan Zacharin articulated that the reverse merger provides Core Gaming with "access to capital markets, enhances our ability to fund growth, creates awareness around the Company in the sector, expands our gaming business, and allows us support strategic acquisitions." This public market access creates multiple pathways for accelerating growth.

Zacharin explicitly stated a goal (not forecast) of reaching over $100 million in revenue in 2025 with profitability. The independent valuation from ValueScope places Core Gaming at $185.9 million, projecting $240.8 million in 2026 revenue and a potential $963.2 million enterprise value at a 4x EV/Sales multiple, which they report aligns with industry peers.

The company's extensive game portfolio and global distribution provide diversification advantages compared to studios dependent on fewer titles. However, specific monetization metrics per user were not disclosed, making it difficult to assess the feasibility of revenue targets relative to the current user base.

Financial Analyst

$160M merger offers Siyata shareholders guaranteed 10% stake via special dividend, while Core Gaming accesses public markets at below-valuation price.

The pending $160 million reverse merger between Core Gaming and Siyata Mobile is expected to close in Q2 2025, subject to regulatory approval. The transaction structure allocates approximately 90% ownership to Core Gaming shareholders, while implementing a special stock dividend mechanism that guarantees legacy Siyata shareholders at least 10% ownership, payable six months post-closing.

This arrangement provides protection against excessive dilution for Siyata investors while facilitating Core Gaming's public market entry. The share issuance will be based on a 10-day volume-weighted average price pre-closing, helping normalize pricing volatility during the transaction period.

The independent valuation from ValueScope of $185.9 million for Core Gaming exceeds the $160 million merger price, suggesting potential value at the transaction level. Their projected enterprise value of $963.2 million by 2026 represents significant potential appreciation if achieved.

Notably, Siyata appears to be maintaining aspects of its telecommunications business, evidenced by the mentioned partnership with a Fortune 100 telecom company for a push-to-talk device slated for Q1 2026 launch, with milestone payments expected this year. This suggests a diversified business approach post-merger rather than a complete pivot to gaming.

Denver, Colorado--(Newsfile Corp. - May 1, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, is thrilled to spotlight Siyata Mobile's (NASDAQ: SYTA) (Siyata) release of its first shareholder Ask Me Anything (AMA) video, featuring Core Gaming CEO, Aitan Zacharin.

Please click here for Additional Price and Performance Details, or insights from the ValueScope Report.

The AMA addresses shareholder questions about Core Gaming's growth strategies and the transformative $160 million merger with Siyata. Zacharin's insights, coupled with the merger's special dividend structure ensuring at least 10% ownership for legacy Siyata shareholders, as the combined entity targets the $126 billion mobile gaming market.

Zacharin outlined Core Gaming's growth strategies, emphasized exciting plans for its future as a publicly listed company, including, "Going public via reverse merger gives Core Gaming access to capital markets, enhances our ability to fund growth, creates awareness around the Company in the sector, expands our gaming business, and allows us support strategic acquisitions."

"We're committed to honoring legacy Siyata shareholders with a guaranteed 10% equity post-merger and aligning our long-term strategy to deliver value across the entire shareholder base."

He followed that up by boldly stating, "This is not a forecast, but our goal is to reach over $100 million in revenue, in 2025, and to have the consolidated company profitable."

Merger Structure and Special Dividend: A Shareholder Win

The $160 million merger, expected to close in Q2 2025 pending regulatory approval, is a reverse takeover where Core Gaming shareholders will own ~90% of the combined entity, with Siyata issuing shares based on a 10-day volume-weighted average price (VWAP) pre-closing. A unique special stock dividend mechanism guarantees legacy Siyata shareholders at least 10% ownership, payable six months post-closing.

This unique merger structure Price and Performance Editorial.

Core Gaming logo

Core Gaming's Meteoric Rise and Growth Vision

Core Gaming has quickly claimed its stake in the industry with 43 million monthly active users (MAUs), over 790 million downloads, and a portfolio of 2,100+ games across 140 countries.

ValueScope, LLC, valued Core Gaming at $185.9 million, projecting $240.8 million in 2026 revenue and a potential $963.2 million enterprise value at a 4x EV/Sales multiple, aligning with industry peers.

(Siyata Mobile) (NASDAQ: SYTA)

Keep in mind that Siyata continues to advance its business model and was recently featured in TipRanks, as "Siyata Mobile Partners with Fortune 100 Telecom for New Device" covers how Siyata Mobile is partnering with a major telecom to develop a push-to-talk (PTT) device, which is set for Q1 2026 commercial launch and milestone payments to Siyata this year.

Please click here for Additional Price and Performance Detail, or insights from the ValueScope Report.

To ensure you don't miss future announcements, we encourage you to sign up for additional information

• Siyata's Investor Relations Portal: https://ir.siyata.net
• Follow Siyata on X: https://x.com/SiyataMobile
• Click here for Siyata's investor presentation.

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About Siyata Mobile

Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, including first responders, transportation, logistics, and more. Their mission is to enable effective communication in critical moments through innovative technology.

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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/250446

FAQ

What is the value of the merger between Siyata Mobile (SYTA) and Core Gaming?

The merger between Siyata Mobile and Core Gaming is valued at $160 million, with Core Gaming shareholders owning approximately 90% of the combined entity.

What percentage will Siyata Mobile (SYTA) shareholders own after the Core Gaming merger?

Legacy Siyata Mobile shareholders are guaranteed at least 10% ownership in the combined entity through a special dividend mechanism, payable six months after closing.

What is Core Gaming's current market presence and user base?

Core Gaming has 43 million monthly active users, over 790 million downloads, and 2,100+ games across 140 countries.

What are the revenue projections for Core Gaming after merging with Siyata Mobile (SYTA)?

ValueScope projects revenue of $240.8 million by 2026, with an informal goal of reaching $100 million in revenue for 2025.

When is the Siyata Mobile (SYTA) and Core Gaming merger expected to close?

The merger is expected to close in Q2 2025, pending regulatory approval.