24/7 Market News: Siyata's Core Gaming Play- Turning Trailblazer into Catalyst

Rhea-AI Summary

Siyata Mobile (NASDAQ: SYTA) is set to merge with Core Gaming in a significant $160 million deal, marking its entry into the $126 billion mobile gaming market. Core Gaming, valued by Marshall & Stevens subsidiary ValueScope, brings $80 million in 2024 revenue and 40 million monthly active users (MAUs).

The merger positions SYTA to leverage Core Gaming's AI-driven technology and extensive game development portfolio, which includes over 2,000 games and a publishing network. Core Gaming's CEO Aitan Zacharin will lead the combined companies post-merger. Additionally, Core Gaming has announced a new collaboration with Fire Rhino Studios for casual gaming market development.

Positive

• Merger brings $80 million in 2024 revenue from Core Gaming
• Instant access to 40 million monthly active users
• Established portfolio of 2,000+ games and publishing network
• Entry into $126 billion mobile gaming market
• Independent valuation by reputable firm Marshall & Stevens

Negative

• Current market cap of only $5 million suggests significant market skepticism
• Significant business model shift from PTT devices to gaming creates integration risks

Insights

Financial Analyst

Siyata's $160 million merger with Core Gaming represents a transformative reverse merger that completely redirects the company's business model. While Siyata currently operates in the Push-To-Talk over Cellular niche with a modest $5 million market cap, Core Gaming brings substantial financial heft with $80 million in 2024 revenue and a user base of 40 million monthly active users.

The transaction structure indicates significant ownership dilution for existing Siyata shareholders, with the CEO of Core Gaming specifically mentioning "10% legacy shares" - suggesting current SYTA investors will retain only a small portion of the combined entity. However, this dilution comes with significant upside potential, as Core Gaming's validated $160 million valuation from Marshall & Stevens (a reputable valuation firm) creates a substantial arbitrage opportunity against Siyata's current valuation.

The leadership transition to Core Gaming's CEO Aitan Zacharin confirms this is effectively a reverse merger, with Core using Siyata's NASDAQ listing as its public market entry vehicle. For existing shareholders, while ownership percentage decreases significantly, the value proposition improves as they gain exposure to a much larger enterprise with established revenue streams in the $126 billion mobile gaming market rather than the smaller PTT communications space.

Gaming Industry Analyst

Core Gaming brings substantial gaming industry assets to this merger that dramatically elevates Siyata's market position. The 40 million monthly active users represents immediate scale that typically takes years to build organically in mobile gaming. This user base, described as familiar with trading on Robinhood, suggests a tech-savvy demographic valuable for monetization.

Core's involvement in developing or co-developing over 2,000 games demonstrates significant production capability and intellectual property. More importantly, their publishing network for other developers creates a dual revenue model similar to industry leader AppLovin - both creating first-party content and providing distribution infrastructure for third-party developers.

The newly announced R&D partnership with Fire Rhino Studios to create casual games expands Core's footprint in the largest and most accessible segment of mobile gaming. Casual games typically have lower development costs, shorter production cycles, and broader audience appeal - creating potential for rapid content expansion.

Core's AI-driven technology, while not detailed specifically in the article, suggests algorithmic advantages in user acquisition, retention, or monetization - critical competitive factors in the crowded mobile gaming landscape. The combined entity positions Siyata to compete in a substantially larger addressable market than its current PTT business, though execution challenges remain in integrating these disparate business models.

Denver, Colorado--(Newsfile Corp. - March 25, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, publishes Siyata's Core Gaming Play- Turning Trailblazer into Catalyst editorial, featuring Siyata Mobile's (NASDAQ: SYTA) transformative $160 million merger with Core Gaming, an AI-driven leader in mobile gaming.

Even though Siyata Mobile unveiled its latest move to expand its global distribution footprint  yesterday, via a deal with a leading "Mobility, Logistics, and Infrastructure Conglomerate in the Middle East," the next-generation Push-To-Talk over Cellular handsets and accessories innovator is quietly scripting a blockbuster sequel to its story.

Core Gaming logo

The real headliner remains Siyata's upcoming $160 million merger with Core Gaming, a move that's designed to benefit current shareholders from the combined companies' arbitrage play.

Core Gaming brings $80 million in 2024 revenue and received $160 million valuation from ValueScope, a Marshall & Stevens company, based on Core Gaming's earnings and rapid growth rate. Plus, Core Gaming's user base dwarfs Siyata's 2024 PTT footprint, instantly transforming SYTA into a player with scale and swagger.

The Marshall & Stevens valuation is significant because their authoritative reputation, backed by nearly a century of experience, adds instant credibility to a company's financial standing. Their meticulous approach to valuation, including fairness opinions, solvency assessments, and litigation support, is recognized and respected across major law firms, financial institutions, and regulatory bodies. A valuation from Marshall & Stevens signals transparency, reduces transaction risks, and can significantly streamline mergers, acquisitions, or financial restructuring processes. They are, essentially, the gold standard for this type of transaction.

Aitan Zacharin, Core Gaming's CEO, will lead the combined companies when the merger is finalized. Zacharin, was recently quoted as saying, "If you extrapolate that number, the value of that 10% legacy shares should be worth over $16 million and with approximately 2 million shares currently outstanding, Siyata's market capitalization is hovering around $5 million."

Siyata logo

Siyata Mobile (NASDAQ: SYTA)

Siyata's leap into the $126 billion mobile gaming market will be fueled by Core Gaming's AI-driven tech and its 40 million monthly active users (MAUs), many of whom are familiar with trading on the Robinhood platform.

Core Gaming was involved in developing or co-developing over 2,000 games and also has a publishing network to assist other game developers market their games, about which Zacharin was quoted, "Outside of AppLovin Corp., it's hard to pinpoint any one company that has a publishing platform as well as game development."

Plus, the Core Gaming footprint just grew. It announced, this morning, that it entered into an arrangement with Fire Rhino Studios, which calls for Core Gaming and Fire Rhino to collaborate on an R&D initiative to create and promote games in the casual gaming market.

This pivot echoes some of the market's most electrifying growth stories that turned niche plays into market steamrollers.

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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

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FAQ

What is the value of Siyata Mobile's (SYTA) merger with Core Gaming?

The merger is valued at $160 million, with Core Gaming bringing $80 million in 2024 revenue.

How many monthly active users does Core Gaming bring to SYTA?

Core Gaming brings 40 million monthly active users (MAUs) to Siyata Mobile.

Who will lead Siyata Mobile (SYTA) after the Core Gaming merger?

Aitan Zacharin, Core Gaming's CEO, will lead the combined companies post-merger.

What is Core Gaming's game development track record for SYTA?

Core Gaming has developed or co-developed over 2,000 games and maintains a publishing network for game developers.

What new partnership has Core Gaming announced for SYTA?

Core Gaming has partnered with Fire Rhino Studios to develop and promote games in the casual gaming market.