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

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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.

Siyata Mobile (NASDAQ: SYTA) si avvicina al completamento della sua fusione da 185 milioni di dollari con Core Gaming, prevista per il secondo trimestre del 2025. Core Gaming porta con sé un vasto portfolio di oltre 2.100 giochi con 790 milioni di download cumulativi e 43 milioni di utenti attivi mensili (MAU).

Core Gaming ha recentemente lanciato la sua app AI COMIC, una piattaforma di creazione di contenuti visivi basata sull'intelligenza artificiale. L'azienda ha mostrato una forte crescita finanziaria, con ricavi in aumento da 13,2 milioni di dollari nel 2021 a 57,0 milioni nel 2023, e una previsione di 80,8 milioni di dollari nel 2024. ValueScope prevede ricavi per il 2026 pari a 240,8 milioni di dollari, suggerendo una valutazione potenziale della società combinata compresa tra 722,4 e 963,2 milioni di dollari.

Dopo la fusione, Siyata Mobile manterrà una quota azionaria minima del 10% per gli azionisti storici, supportata da un dividendo speciale. La fusione posiziona l'azienda nel mercato in rapida espansione del gaming basato sull'intelligenza artificiale, che secondo diverse società di ricerca crescerà con tassi CAGR tra il 19% e il 28,4% nel prossimo decennio.

Siyata Mobile (NASDAQ: SYTA) está próximo a completar su fusión de 185 millones de dólares con Core Gaming, que se espera cierre en el segundo trimestre de 2025. Core Gaming aporta un amplio portafolio de más de 2,100 juegos con 790 millones de descargas acumuladas y 43 millones de usuarios activos mensuales (MAU).

Core Gaming lanzó recientemente su App AI COMIC, una plataforma de creación de contenido visual impulsada por inteligencia artificial. La compañía ha demostrado un fuerte crecimiento financiero, con ingresos que aumentaron de 13.2 millones de dólares en 2021 a 57.0 millones en 2023, y se proyecta que alcancen 80.8 millones en 2024. ValueScope proyecta ingresos para 2026 de 240.8 millones de dólares, sugiriendo una valoración potencial de la compañía combinada entre 722.4 y 963.2 millones de dólares.

Tras la fusión, Siyata Mobile mantendrá un interés accionario mínimo del 10% para los accionistas históricos, respaldado por un dividendo especial. La fusión posiciona a la empresa en el mercado de juegos de IA en rápida expansión, que varias firmas de investigación proyectan crecer a tasas CAGR entre el 19% y 28.4% durante la próxima década.

Siyata Mobile (NASDAQ: SYTA)1억 8,500만 달러 규모의 Core Gaming과의 합병을 2025년 2분기 완료할 예정입니다. Core Gaming은 2,100개 이상의 게임과 누적 다운로드 7억 9천만 건, 월간 활성 사용자(MAU) 4,300만 명의 방대한 포트폴리오를 보유하고 있습니다.

Core Gaming은 최근 AI 기반 시각 콘텐츠 제작 플랫폼인 AI COMIC 앱을 출시했습니다. 회사는 2021년 1,320만 달러에서 2023년 5,700만 달러로 매출이 크게 성장했으며, 2024년에는 8,080만 달러에 이를 것으로 예상됩니다. ValueScope는 2026년 매출을 2억 4,080만 달러로 전망하며, 합병 후 회사 가치는 7억 2,240만 달러에서 9억 6,320만 달러 사이가 될 것으로 보고 있습니다.

합병 후 Siyata Mobile은 기존 주주를 위해 최소 10%의 지분을 유지하며, 특별 배당금이 지원됩니다. 이번 합병은 회사가 향후 10년간 연평균 성장률(CAGR) 19~28.4%로 빠르게 성장할 것으로 예상되는 AI 게임 시장에 진입하는 계기가 됩니다.

Siyata Mobile (NASDAQ : SYTA) approche de la finalisation de sa fusion de 185 millions de dollars avec Core Gaming, attendue au deuxième trimestre 2025. Core Gaming apporte un portefeuille conséquent de plus de 2 100 jeux avec 790 millions de téléchargements cumulés et 43 millions d'utilisateurs actifs mensuels (MAU).

Core Gaming a récemment lancé son application AI COMIC, une plateforme de création de contenu visuel alimentée par l'intelligence artificielle. L'entreprise a démontré une forte croissance financière, avec un chiffre d'affaires passant de 13,2 millions de dollars en 2021 à 57,0 millions en 2023, et prévoit d'atteindre 80,8 millions en 2024. ValueScope projette un chiffre d'affaires de 240,8 millions de dollars en 2026, suggérant une valorisation potentielle de la société combinée entre 722,4 et 963,2 millions de dollars.

Après la fusion, Siyata Mobile conservera une participation minimale de 10% pour les actionnaires historiques, soutenue par un dividende spécial. Cette fusion positionne l'entreprise sur le marché du gaming IA en pleine expansion, que plusieurs cabinets de recherche estiment croître à des taux de croissance annuels composés (CAGR) entre 19 % et 28,4 % au cours de la prochaine décennie.

Siyata Mobile (NASDAQ: SYTA) steht kurz vor dem Abschluss seiner 185-Millionen-Dollar-Fusion mit Core Gaming, die im zweiten Quartal 2025 erwartet wird. Core Gaming bringt ein umfangreiches Portfolio von über 2.100 Spielen mit 790 Millionen kumulierten Downloads und 43 Millionen monatlich aktiven Nutzern (MAUs) mit.

Core Gaming hat kürzlich seine AI COMIC App gestartet, eine KI-gestützte Plattform zur Erstellung visueller Inhalte. Das Unternehmen verzeichnet ein starkes finanzielles Wachstum, mit einem Umsatzanstieg von 13,2 Millionen Dollar im Jahr 2021 auf 57,0 Millionen Dollar im Jahr 2023, und prognostiziert 80,8 Millionen Dollar im Jahr 2024. ValueScope prognostiziert einen Umsatz von 240,8 Millionen Dollar im Jahr 2026, was auf eine potenzielle Unternehmensbewertung der kombinierten Firma zwischen 722,4 und 963,2 Millionen Dollar hindeutet.

Nach der Fusion wird Siyata Mobile einen mindestens 10%igen Anteil für die Altaktionäre behalten, unterstützt durch eine Sonderdividende. Die Fusion positioniert das Unternehmen im schnell wachsenden KI-Gaming-Markt, der laut verschiedenen Marktforschungsunternehmen in den nächsten zehn Jahren mit einer CAGR von 19 bis 28,4 % wachsen soll.

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

Insights

Siyata's $185M Core Gaming merger transforms it from telecom to AI gaming, with shareholders retaining 10% via special dividend.

This $185M merger represents a complete strategic pivot for Siyata Mobile away from its legacy telecommunications business into the higher-growth AI gaming sector. Core Gaming brings substantial assets: 2,100+ games, 790M cumulative downloads, and 43M monthly active users (MAUs). The transaction structure is notable - Siyata shareholders will retain just 10% equity through a special dividend, effectively making this closer to an acquisition of Siyata by Core Gaming than a true merger of equals, with Core's CEO taking leadership.

Core Gaming's financial trajectory shows impressive growth: $13.2M (2021), $38.9M (2022), $57.0M (2023), and projected $80.8M (2024). The $185M valuation by ValueScope implies a multiple of approximately 2.3x 2024 estimated revenue. This is actually below the cited peer group range of 3-5x, suggesting the deal might be reasonably valued or potentially favorable to Siyata.

The AI COMIC App represents Core's entry into AI-powered content creation, diversifying beyond pure gaming. Their proprietary AI-based business intelligence platform for ad targeting appears to be a key technological differentiator driving monetization efficiency. The projected $240.8M revenue for 2026 would represent nearly 200% growth from 2024 estimates, an ambitious target that would need to be scrutinized carefully.

With the merger reportedly in final stages and slated to close imminently in Q2 2025 (which appears to be today or tomorrow based on the date), any regulatory hurdles or shareholder approvals would presumably have been addressed already, reducing execution risk.

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.

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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.

Contact sales@247marketnews.com for Analyst Report coverage and other investor/public relations services.

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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.
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