Core Gaming Completes Reverse Merger with Siyata Mobile, Creates Core AI Holdings

Core Gaming completed the acquisition of Siyata Mobile in a reverse merger transaction worth $160 million. The combined company, Core AI Holdings, will be led by Aitan Zacharin as CEO and Marc Seelenfreund as President of the newly formed Siyata PTT Inc. The transaction is subject to regulatory approval and shareholder approval, and is expected to be completed in Q2 2025.

Core Gaming, Inc. has completed its acquisition of Siyata Mobile Inc. (NasdaqCM:SYTA) in a reverse merger transaction valued at $160 million. The combined entity, now known as Core AI Holdings, Inc., will be led by Aitan Zacharin as CEO and Marc Seelenfreund as President of the newly formed Siyata PTT Inc. The transaction is subject to regulatory and shareholder approvals, and is expected to be finalized in the second quarter of 2025 Core Gaming, Inc completed the acquisition of Siyata Mobile Inc. in a reverse merger transaction.^[1].

The acquisition will see Siyata Mobile shareholders own approximately 10% of the combined company's shares, while Core Gaming shareholders will hold around 90%. The transaction involves an exchange ratio calculated based on the volume-weighted average closing price of Siyata's common shares on the Nasdaq Stock Market LLC for the 10-day trading period preceding the effective date of the merger Core Gaming, Inc completed the acquisition of Siyata Mobile Inc. in a reverse merger transaction.^[1].

The combined company aims to leverage Siyata's expertise in mobile technology to expand its offerings and enter new markets. Aitan Zacharin, the current CEO of Core Gaming, will lead the new entity as CEO, while Marc Seelenfreund will serve as President of Siyata PTT Inc. The Board of Directors of the combined company will consist of Marc Seelenfreund and four directors designated by Core Gaming Core Gaming, Inc completed the acquisition of Siyata Mobile Inc. in a reverse merger transaction.^[1].

The transaction is expected to bring strategic benefits to both companies, including access to new technologies and markets. The combined entity will also benefit from the operational efficiencies and cost synergies that often arise from mergers and acquisitions Core Gaming, Inc completed the acquisition of Siyata Mobile Inc. in a reverse merger transaction.^[1].

The acquisition follows a series of strategic moves by Core Gaming to expand its footprint in the gaming industry. The company has been actively seeking opportunities to grow its market share and diversify its revenue streams. The acquisition of Siyata Mobile is seen as a significant step towards achieving these goals.

In related news, Palantir Technologies (PLTR) saw its stock price fluctuate on October 3, 2025, following a partnership announcement with Boeing Defense & Space. The stock opened around $186.40 and traded near $184–185, down by approximately 1.4% from the previous day's close Palantir Stock Skyrockets on Boeing AI Partnership – Analysts Weigh In^[2]. The partnership is expected to integrate Palantir's AI/data platform across Boeing's operations, enhancing decision-making capabilities. Despite today's pullback, Palantir remains well above last year's levels, having more than doubled year-to-date by mid-2025 Palantir Stock Skyrockets on Boeing AI Partnership – Analysts Weigh In^[2].

Analysts remain divided on Palantir's prospects. While some remain bullish on its AI potential, others warn of lofty valuations. Price targets vary widely, ranging from as low as $45 to as high as $215, with the consensus target around $125–$140 Palantir Stock Skyrockets on Boeing AI Partnership – Analysts Weigh In^[2].