Why SYTA keeps going up?

The stock price of SYTA has experienced significant increase from June 27 to July 1. The ongoing merger with Core Gaming is a primary factor driving the upward trajectory of Siyata Mobile's stock price. Here are the details: 1. **Upcoming Merger with Core Gaming**: Siyata Mobile's merger with Core Gaming is expected to close in Q2 2025, and the company's shareholders will retain a minimum 10% equity interest in the combined entity. This strategic acquisition is poised to position Siyata Mobile squarely within the rapidly expanding AI-driven gaming market. 2. **Core Gaming's Growth Potential**: Core Gaming boasts a portfolio of over 2,100 games with 790 million cumulative downloads and 43 million monthly active users. The company's AI COMIC app has experienced significant user growth, with a 13x increase in combined user numbers in Japan and South Korea within a year. This validates the strategic rationale behind the merger and underscores the potential for future growth. 3. **Market Position and Revenue Enhancement**: The acquisition is expected to significantly enhance Siyata Mobile's revenue profile. Core Gaming's reported revenue grew from $13.2 million in 2021 to $57.0 million in 2023, with an estimated $80.8 million for 2024. This growth trajectory and the potential for future scalability are likely contributing to the positive sentiment surrounding Siyata Mobile's stock. 4. **Sector Growth and Interest**: The AI-driven gaming market is experiencing explosive growth, with industry forecasts projecting a compound annual growth rate (CAGR) of 20.8% (InsightAce) and 28.4% (Market.US) over the next decade. Siyata Mobile's positioning in this high-growth sector is likely attracting investor attention and driving the stock's upward movement. In conclusion, the merger with Core Gaming is a pivotal event that is likely to transform Siyata Mobile's business landscape and investor perceptions, leading to the stock's recent rise. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |SYTA|SYTA.O|Siyata Mobile|20250623|-5.2632|186| |SYTA|SYTA.O|Siyata Mobile|20250624|-0.5051|186| |SYTA|SYTA.O|Siyata Mobile|20250625|-4.5685|186| |SYTA|SYTA.O|Siyata Mobile|20250626|7.9787|186| |SYTA|SYTA.O|Siyata Mobile|20250627|13.7931|186| |SYTA|SYTA.O|Siyata Mobile|20250630|28.1385|186| |SYTA|SYTA.O|Siyata Mobile|20250701|15.5405|186| |SYTA|SYTA.O|Siyata Mobile|20250702|15.54054054054054|186|