Siyata Mobile Finalizes Merger, Becomes 'Core AI Holdings' in Pivot to AI
The communications technology firm has completed its merger with Core Gaming and will relaunch on October 7th as an artificial intelligence holding company.
Siyata Mobile (SYTA) has officially closed its merger with private technology firm Core Gaming, marking a significant strategic pivot away from its legacy communications business. The combined entity has been renamed Core AI Holdings, Inc., and is expected to begin trading on October 7, 2025, a move that repositions the company to capitalize on the rapidly growing artificial intelligence sector.
The deal, which valued Core Gaming at $160 million, transitions Siyata from a developer of Push-to-Talk over Cellular (PoC) devices to an AI-focused holding company. As part of the transaction, Siyata Mobile became a wholly-owned subsidiary of the new Core AI Holdings. , setting the stage for the public relaunch.
Leadership of the combined company will be helmed by Aitan Zacharin, the former CEO of Core Gaming. Siyata’s former chief executive, Marc Seelenfreund, will transition to the role of President, leading the existing Push-to-Talk subsidiary. , the new board will consist of Seelenfreund and four directors designated by Core Gaming.
The strategic rationale for the merger is to fuse Siyata's 5G and telecommunications expertise with Core Gaming's established AI-driven platforms. Core Gaming brings a substantial portfolio, including over 780 million lifetime downloads and a reported $79 million in revenue for its 2024 fiscal year. The combination aims to penetrate the , and develop new AI-powered enterprise solutions.
To protect the interests of existing investors through the transition, the deal includes a provision to ensure legacy Siyata shareholders retain a minimum 10% ownership stake in Core AI Holdings. This will be facilitated through a stock dividend to be issued within six months of the merger's close. Furthermore, the company has planned a , which will also take effect on October 7th. Investors and market analysts will be watching closely as the new Core AI Holdings begins its life on the public market, testing the strategic vision behind this significant corporate transformation.