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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.