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Siyata Mobile Inc. (SYTA) delivers innovative cellular communication solutions for mission-critical industries. This news hub provides investors and professionals with authoritative updates on the company’s strategic developments, product innovations, and market positioning.
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Core Gaming, set to merge with Siyata Mobile (NASDAQ: SYTA) in Q2 2025, has established a significant presence in mobile gaming with 2,100 developed games, 790 million lifetime downloads, and 43 million monthly active users. The company employs a "Trojan Horse" strategy through its complimentary-to-download model, leveraging AI-powered platforms to optimize engagement and monetization.
The company's business model focuses on scale and retention across its casual games portfolio, using proprietary AI algorithms for behavior prediction and ad optimization. With the mobile gaming market expected to grow from $126 billion to $157 billion by 2029, Core Gaming is strategically positioned in emerging mobile-first markets across Southeast Asia. Additionally, Siyata Mobile has filed a Form F-1 registration statement updating its Equity Line of Credit agreement, with a remaining balance of $12.8 million from an $18 million total facility.
Core Gaming, soon to merge with Siyata Mobile Inc. (Nasdaq: SYTA), has unveiled Nowifi, an innovative offline mobile gaming platform. The product is designed for users in low-connectivity regions, offering uninterrupted gaming without internet requirements. The platform features a freemium revenue model with in-app purchases and optional rewarded ads.
Key features include completely offline gameplay, instant playability with no account setup, diverse game modes ranging from puzzles to adventures, multilingual support, minimalist aesthetics, and privacy-first approach with local storage only. The platform targets young players, frequent travelers, and privacy-conscious users. The official release date is pending platform optimization results.
Siyata Mobile (NASDAQ: SYTA) is merging with Core Gaming in a $160 million deal where Core Gaming shareholders will own ~90% of the combined entity. Core Gaming, an AI-driven mobile gaming developer, has built an impressive portfolio with 2,100 games, 790 million downloads, and 43 million monthly active users.
The company's revenue has shown significant growth, increasing from $13.2 million in 2021 to an estimated $90.8 million in 2024. Core Gaming's business model focuses on complimentary-to-download games, monetizing through ads, in-app purchases, and subscriptions. Their recently launched AI COMIC App gained nearly 300,000 users in its first few days.
Post-merger, Core Gaming CEO Aitan Zacharin will lead the combined entity, while Siyata's Marc Seelenfreund will head a new PoC subsidiary. The board will consist of four Core Gaming directors and Seelenfreund.