Siyata Mobile Inc. Expects $160 Million Merger with Core Gaming to Close by Q2 2025 Pending Regulatory Approval

Reuters

06-12

<a href="https://laohu8.com/S/SYTA">Siyata Mobile Inc.</a> Expects $160 Million Merger with Core Gaming to Close by Q2 2025 Pending Regulatory Approval

Siyata Mobile Inc. (NASDAQ: SYTA) has announced a significant update regarding its $160 million merger with Core Gaming. The merger is expected to close this quarter, pending regulatory approval. The closing of the merger will occur remotely, three business days after all conditions in the agreement have been satisfied or waived. Core Gaming's CEO, Aitan Zacharin, will lead the combined company, which aims to unlock new access to capital markets, bolster acquisition potential, and accelerate revenue growth with a target of reaching $100 million in revenue and profitability by 2025. Siyata's legacy Push-to-Talk business will continue under a new subsidiary led by Marc Seelenfreund. Core Gaming has demonstrated strong performance, generating over $80 million in unaudited 2024 revenue with more than 700 million game downloads and 43 million monthly active users globally.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siyata Mobile Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 255350) on June 12, 2025, and is solely responsible for the information contained therein.

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Expects $160 Million Merger with Core Gaming to Close by Q2 2025 Pending Regulatory Approval\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-12 20:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/SYTA\">Siyata Mobile Inc.</a> Expects $160 Million Merger with Core Gaming to Close by Q2 2025 Pending Regulatory Approval\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Siyata Mobile Inc. (NASDAQ: SYTA) has announced a significant update regarding its $160 million merger with Core Gaming. The merger is expected to close this quarter, pending regulatory approval. The closing of the merger will occur remotely, three business days after all conditions in the agreement have been satisfied or waived. Core Gaming's CEO, Aitan Zacharin, will lead the combined company, which aims to unlock new access to capital markets, bolster acquisition potential, and accelerate revenue growth with a target of reaching $100 million in revenue and profitability by 2025. Siyata's legacy Push-to-Talk business will continue under a new subsidiary led by Marc Seelenfreund. Core Gaming has demonstrated strong performance, generating over $80 million in unaudited 2024 revenue with more than 700 million game downloads and 43 million monthly active users globally.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Siyata Mobile Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 255350) on June 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SYTA","symbol_name":"Siyata Mobile Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDL1YLZ4d:1","article_id":"2542199511","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542199511","pubTimestamp":1749731488,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Siyata Mobile Inc.  has announced a significant update regarding its $160 million merger with Core Gaming. 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