247 Market News: Independence Day May Come Early for Siyata Mobile SYTA Shareholders via $185M Core Gaming Merger

Rhea-AI Summary

Siyata Mobile (NASDAQ: SYTA) is approaching the completion of its $185 million merger with Core Gaming, expected to close in Q2 2025. Core Gaming brings a substantial portfolio of over 2,100 games with 790 million cumulative downloads and 43 million monthly active users (MAUs).

Core Gaming recently launched its AI COMIC App, an AI-powered visual content creation platform. The company has demonstrated strong financial growth, with revenue increasing from $13.2 million in 2021 to $57.0 million in 2023, and projected to reach $80.8 million in 2024. ValueScope projects 2026 revenue of $240.8 million, suggesting a potential combined company valuation between $722.4 million to $963.2 million.

Post-merger, Siyata Mobile will maintain a minimum 10% equity interest for legacy shareholders, supported by a special dividend. The merger positions the company in the rapidly expanding AI gaming market, which various research firms project to grow at CAGRs between 19-28.4% over the next decade.

Positive

• Core Gaming's revenue shows strong growth trajectory from $13.2M (2021) to projected $80.8M (2024)
• Substantial user base with 43 million monthly active users and 790 million cumulative downloads
• ValueScope projects 2026 revenue of $240.8M with potential company valuation up to $963.2M
• Siyata Mobile shareholders retain 10% equity interest plus special dividend
• Entry into high-growth AI gaming market projected to reach $28B by 2033
• Core Gaming's AI COMIC App demonstrates strong monetization and user retention

Negative

• Significant dilution for current Siyata shareholders with 90% ownership transfer
• Merger completion still pending final Nasdaq approval
• Complete business model pivot may create integration challenges

News Market Reaction – SYTA

+28.14%

1 alert

+28.14% News Effect

On the day this news was published, SYTA gained 28.14%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Denver, Colorado--(Newsfile Corp. - June 30, 2025) - 247marketnews.com, 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:

• InsightAce projects the AI in gaming market to surge from $1.5 billion in 2024 to approximately $9.8 billion by 2034, representing a compound annual growth rate (CAGR) of 20.8%.
• Market.US expects the market to expand from $2.3 billion in 2023 to over $28 billion by 2033, with a CAGR of 28.4%.
• The Business Research Company predicts growth from $2.44 billion in 2024 to $5.75 billion by 2029 at a CAGR approaching 19%.

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 Navigating the 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.

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 www.coregaming.co.

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FAQ

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

The merger is valued at $185 million, with Core Gaming's 2026 revenue projected at $240.8 million, suggesting a potential combined company valuation between $722.4 million to $963.2 million.

How much revenue does Core Gaming generate and what is its growth trajectory?

Core Gaming's revenue grew from $13.2 million in 2021 to $57.0 million in 2023, with projections of $80.8 million for 2024 and $240.8 million by 2026.

What will happen to current Siyata Mobile (SYTA) shareholders after the merger?

Current Siyata Mobile shareholders will retain a minimum 10% equity interest in the combined entity and receive a special dividend.

How many users does Core Gaming have?

Core Gaming has 43 million monthly active users (MAUs) and has achieved over 790 million cumulative downloads across its portfolio of more than 2,100 games.

Who will lead the combined company after the Siyata Mobile and Core Gaming merger?

Aitan Zacharin, the current CEO of Core Gaming, is slated to lead the combined companies post-merger.

What is Core Gaming's AI COMIC App?

AI COMIC is an advanced AI-powered visual content creation platform that enables users to create studio-grade content in minutes, featuring strong monetization and user retention metrics.