Siyata Mobile Merges with Core Gaming to Launch Core AI Holdings for Mobile Gaming Innovation
- Siyata Mobile merges with Core Gaming, forming Core AI Holdings to capitalize on the $126 billion mobile gaming industry.
- The merger aims to integrate AI technology, enhancing user engagement and driving innovation across various sectors.
- Marc Seelenfreund from Siyata becomes President of Siyata PTT Inc., fostering collaboration and strategic growth within Core AI Holdings.
Siyata Mobile's Strategic Shift: The Formation of Core AI Holdings
Siyata Mobile Inc. marks a significant turning point in its corporate trajectory with the successful merger with Core Gaming, Inc., culminating in the establishment of Core AI Holdings, Inc. This strategic development, effective from October 3, 2025, positions the newly formed entity to harness the potential of the burgeoning mobile gaming industry, valued at an impressive $126 billion. The merger merges Siyata's vision with Core Gaming's substantial market presence, which includes reported fiscal year 2024 revenues of $79 million and over 780 million lifetime downloads across its diverse gaming portfolio. This integration not only strengthens the company's foothold in mobile gaming but also paves the way for innovative applications of artificial intelligence across its platforms.
Under the leadership of Aitan Zacharin, former CEO of Core Gaming, Core AI Holdings is set to explore new horizons by incorporating AI technology to enhance user engagement. The company's ambitious plans extend beyond gaming, aiming to leverage AI to drive adoption in various sectors. This strategic pivot comes at a time when the global AI applications market is projected to reach $2.94 billion in 2024, with a remarkable compound annual growth rate (CAGR) of 38.7% anticipated through 2030. By integrating AI into its offerings, Core AI Holdings aspires to deliver transformative experiences that resonate with users and set new benchmarks in the industry.
The merger also introduces Marc Seelenfreund from Siyata Mobile as President of Siyata PTT Inc., a wholly owned subsidiary of Core AI Holdings. This leadership synergy is expected to foster a collaborative environment that bolsters innovative thinking and strategic execution. Both Zacharin and Seelenfreund express their confidence that the combined strengths of their respective organizations will enable Core AI Holdings to achieve substantial growth, similar to that of leading industry players like AppLovin. The newly appointed Board of Directors will play a critical role in steering the company through this transformative phase, ensuring that its objectives align with the rapidly evolving landscape of mobile gaming and AI technologies.
In addition to the merger's implications, the first day of trading for Core AI Holdings is scheduled for October 7, 2025, coinciding with a reverse stock split. This strategic move aims to enhance the market perception of the new corporate entity and attract potential investors. As Core AI Holdings embarks on its journey, the integration of artificial intelligence into its operations is poised to redefine user engagement and drive innovation across multiple sectors, positioning the company as a formidable player in the evolving landscape of technology and entertainment.
As Core AI Holdings prepares to launch, the industry watches closely, anticipating how this merger will shape the future of mobile gaming and AI technology integration. With a robust foundation and a clear vision, Core AI Holdings is well-positioned to capitalize on emerging trends and deliver groundbreaking experiences to its users.