FAQ: Core AI Holdings Merger - AI and Mobile Gaming Integration
Summary
Siyata Mobile Inc. has merged with Core Gaming, Inc. to form Core AI Holdings Inc., creating a new company focused on AI-driven mobile gaming and AI applications to capitalize on rapidly growing market opportunities.
What is Core AI Holdings and how was it formed?
Core AI Holdings Inc. is the new company resulting from the merger between Siyata Mobile Inc. and Core Gaming, Inc., transforming from a communications hardware company to one focused on AI-driven mobile gaming and AI applications.
When did the merger take place and what was the deal value?
The merger was completed on October 14, 2025, with Core Gaming valued at $160 million in an all-stock transaction.
What are the new company’s stock ticker symbols?
The combined company trades under the ticker CHAI, having previously traded as SYTA on the Nasdaq when it was Siyata Mobile.
Who is leading the new Core AI Holdings company?
Aitan Zacharin serves as CEO and Chairman of Core AI Holdings, with board members including Marc Seelenfreund (founder and former CEO of Siyata Mobile), Luisa Ingargiola, Thomas Tarala, and Mordechai Stenge.
What market opportunities is Core AI Holdings targeting?
The company is targeting the global mobile AI gaming market (projected to grow from $126 billion to $164 billion by 2030) and the global AI app market (forecasted to grow from $2.6 billion to $26 billion by 2030).
What existing gaming portfolio does Core AI Holdings bring to the merger?
Core Gaming brings approximately 2,100 proprietary gaming titles, over 78 million downloads, and a global user base of more than 40 million users across 140 countries, with $79 million in revenue last year.
What happens to Siyata Mobile’s original business?
Siyata Mobile will become Siyata PTT Inc., a wholly-owned subsidiary of Core AI Holdings, led by Marc Seelenfreund, focusing on its original Push-to-Talk over Cellular hardware business.
What is the company’s strategy for growth in AI and gaming?
The strategy centers on harnessing artificial intelligence to build scalable offerings that expand beyond gaming into other verticals, delivering AI-powered experiences that create deeper engagement and drive broader adoption.
Why is the merger significant for shareholders and the market?
The merger positions the company to capture significant market share in two rapidly growing sectors by combining Core Gaming’s established gaming platform with AI technology to create meaningful value for shareholders.
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