The world of mobile gaming is abuzz with the recent announcement of Siyata Mobile’s (NASDAQ: SYTA) first shareholder Ask Me Anything (AMA) video, featuring Core Gaming CEO, Aitan Zacharin. This digital media pioneer, 247marketnews.com, is thrilled to highlight the key points of this landmark event.
A Conversation with Core Gaming CEO Aitan Zacharin
The AMA session was a platform for Zacharin to address shareholder questions about Core Gaming’s growth strategies and the transformative $160 million merger with Siyata. Zacharin’s insights provided valuable insights into the company’s plans for the future, emphasizing the benefits of going public via reverse merger, including enhanced access to capital markets, increased awareness, and the ability to fund growth.
- Going public via reverse merger gives Core Gaming access to capital markets, enhances our ability to fund growth, creates awareness around the Company in the sector, expands our gaming business, and allows us to support strategic acquisitions.
- Legacy Siyata shareholders will own ~90% of the combined entity, with Siyata issuing shares based on a 10-day volume-weighted average price (VWAP) pre-closing, ensuring at least 10% ownership.
- A unique special stock dividend mechanism guarantees legacy Siyata shareholders at least 10% ownership, payable six months post-closing.
A Shared Vision for Growth and Profitability
Zacharin outlined Core Gaming’s growth strategies, emphasizing its commitment to honoring legacy Siyata shareholders with a guaranteed 10% equity post-merger. The combined entity aims to deliver value across the entire shareholder base, with a long-term strategy focused on reaching over $100 million in revenue by 2025 and achieving profitability.
| Company Overview | Growth Strategy | Revenue Projections |
|---|---|---|
| Core Gaming | 43 million monthly active users (MAUs), over 790 million downloads, and a portfolio of 2,100+ games across 140 countries | $240.8 million in 2026 revenue and a potential $963.2 million enterprise value at a 4x EV/Sales multiple |
| Siyata Mobile | Pioneering cellular communications solutions for enterprise customers, including first responders, transportation, logistics, and more | Partnering with a major telecom for a push-to-talk (PTT) device, set for Q1 2026 commercial launch |
A Strong Merger Structure
The $160 million merger is a reverse takeover, where Core Gaming shareholders will own ~90% of the combined entity. Siyata will issue shares based on a 10-day volume-weighted average price (VWAP) pre-closing, ensuring legacy Siyata shareholders at least 10% ownership. A special dividend mechanism guarantees this ownership, payable six months post-closing.
A Growing Industry and Market Opportunity
The mobile gaming market is vast, with a projected value of $126 billion. Siyata and Core Gaming are well-positioned to capitalize on this growth, with a combined entity that offers a unique blend of gaming expertise and cellular communications solutions.
Quote from Aitan Zacharin
“Going public via reverse merger gives Core Gaming access to capital markets, enhances our ability to fund growth, creates awareness around the Company in the sector, expands our gaming business, and allows us to support strategic acquisitions. We’re committed to honoring legacy Siyata shareholders with a guaranteed 10% equity post-merger and aligning our long-term strategy to deliver value across the entire shareholder base. This is not a forecast, but our goal is to reach over $100 million in revenue, in 2025, and to have the consolidated company profitable.”
About Siyata Mobile and Core Gaming
Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, including first responders, transportation, logistics, and more. Core Gaming has quickly claimed its stake in the industry with 43 million monthly active users (MAUs), over 790 million downloads, and a portfolio of 2,100+ games across 140 countries.
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