(RTTNews) - Siyata Mobile (SYTA) has signed a definitive merger agreement with Core Gaming, a privately-held, global gaming developer and publisher. Core Gaming will become a wholly owned subsidiary of Siyata through a merger with a subsidiary of Siyata. The combined public company will be led by Aitan Zacharin, the current CEO of Core Gaming. In exchange for the outstanding shares of Core Gaming, Siyata will issue common shares to the shareholders of Core Gaming.
Core Gaming is an international gaming developer and publisher that has developed, published and marketed over 2,000 casual mobile games in over 140 countries. It engages 40 million monthly active users. In fiscal 2024, Core Gaming had unaudited gross revenues of approximately $80 million.
Shares of Siyata Mobile are up 140% in pre-market trade on Wednesday.
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