Siyata Mobile Publicizes Closing of Merger with Core Gaming

• Merger accomplished as of  October 3, 2025
• New Board of Directors seated to information strategic transformation into an AI holding firm 
• Combined firm renamed Core AI Holdings, Inc. 
• First day of buying and selling scheduled for October 7, 2025
• Reverse Stock Split to be efficient on October 7, 2025

VANCOUVER, BC, Oct. 3, 2025 /PRNewswire/ — Siyata Mobile Inc. (Nasdaq: CHAI) (“Siyata” or the “Company“), a world developer and vendor of mission-critical Push-to-Talk over Cellular (PoC) handsets and equipment, as we speak introduced the profitable completion of its beforehand introduced merger with Core Gaming, Inc. (“Core Gaming”). The merger formally closed on October 3, 2025, marking a major milestone within the Company’s strategic transformation.

Core Gaming is a number one developer and writer of immersive cell and cloud-based gaming options with fiscal 12 months 2024 revenues of $79 million. Core Gaming’s success is pushed by its numerous portfolio of proprietary titles, a rising international consumer base with over 780 million lifetime downloads, and strategic partnerships worldwide.

“Core AI Holdings, Inc. will be officially launching on Tuesday as a Nasdaq-listed company following the completion of our merger,” mentioned Aitan Zacharin, CEO of Core AI Holdings, Inc. “As part of the fast-growing mobile gaming industry, we are advancing our next-generation gaming technology and believe that we are well-positioned for growth. Our strategy going forward centers around harnessing the power of artificial intelligence to build scalable offerings that expand our reach beyond gaming and into other verticals to create meaningful value for our shareholders.”

“At Core Gaming, we have built a strong reputation as an innovative leader in mobile gaming, a $126 billion industry today^[1]. This next phase is aimed at accelerating the integration of artificial intelligence across our platforms. With the global AI apps market valued at $2.94 billion in 2024 and expected to grow at a 38.7% CAGR through 2030^[2], we believe that we are in a prime position to capture significant market share by delivering AI-powered experiences that create deeper engagement and drive broader adoption. We have seen significant growth in our sector achieved by leaders such as AppLovin, and we believe Core AI Holdings has the foundation, leadership and technology to pursue similar growth as we execute our business strategy.”

Corporate Structure

Core Gaming will function as an entirely owned subsidiary of the mixed firm, now renamed Core AI Holdings, Inc. Aitan Zacharin, former CEO of Core Gaming, will function CEO of Core AI Holdings, Inc. Marc Seelenfreund, former CEO of Siyata Mobile Inc., will function President of Siyata PTT Inc., a wholly-owned subsidiary of Core AI Holdings, Inc.

Board of Directors

The new Board of Directors of Core AI Holdings has been appointed and consists of the next:

• Aitan Zacharin, Chairman and CEO of Core Gaming and founder/operator of a number of firms throughout biopharma, healthcare, tech and CPG with valuations exceeding $1.5B. He has deep expertise main and scaling firms, M&A transactions,   strategic alternate options, and producing shareholder worth throughout a number of Nasdaq-listed firms.
• Marc Seelenfreund, Founder and former CEO of Siyata Mobile, Inc., brings deep information of the Company’s legacy enterprise and intensive public firm management.
• Luisa Ingargiola is at the moment the CFO of Avalon GloboCare Corp., a Nasdaq-listed firm. She has intensive SEC reporting and audit committee expertise.
• Thomas Tarala, CEO and Director of Connexa Sports Technologies Inc., a Nasdaq-listed firm, with 30 years of worldwide company finance and regulation expertise in New York, London, and Hong Kong and intensive SEC and Nasdaq expertise.
• Mordechai Stenge, Co-founder, CFO & COO of TextGrid, Ltd., with experience in monetary oversight, value controls, governance and operational management.

Transaction Details

Under the phrases of the settlement, Siyata issued 67,302,300 of its Common Shares, no par worth, on a pre-split foundation, to the shareholders of Core Gaming. The variety of issued Common Shares was primarily based on an change ratio calculated as $160,000,000 divided by the volume-weighted common closing value of the Common Shares on the Nasdaq Stock Market LLC for the 10-day buying and selling interval instantly previous the efficient time of the merger.

Reverse Stock Split

After the completion of the merger and associated issuance of the Common Shares, the Company will impact a 1-for-4 reverse inventory break up (“Reverse Stock Split”) of the Common Shares. The Reverse Stock Split will develop into efficient at 12:01 a.m. Eastern Time on Tuesday, October 7, 2025.

At the opening of the market on October 7, 2025, the Common Shares will begin buying and selling on the Nasdaq Capital Market on a post-split foundation with the brand new identify of Core AI Holdings, Inc., a brand new image of “CHAI,” and a brand new CUSIP 83013Q871.

The Reverse Stock Split is primarily meant to deliver the Company into compliance with the $4.00 minimal bid value requirement to satisfy Nasdaq’s preliminary itemizing necessities. The Reverse Stock Split will mechanically mix and convert the 79,689,523 present excellent Common Shares (together with the shares issued to the Core Gaming shareholders) into 19,922,381 excellent Common Shares. The Reverse Stock Split won’t change the par worth of the Common Shares nor the approved variety of Common Shares or shares of most popular inventory or any sequence of most popular inventory. No fractional shares might be issued in reference to the Reverse Stock Split. All fractional shares might be rounded as much as the following greater complete quantity, at a participant stage.

About Core AI Holdings, Inc.

Core AI Holdings, Inc. is a world AI pushed cell video games developer and writer headquartered in Miami. We create entertaining video games for hundreds of thousands of gamers worldwide, whereas empowering different builders to ship player-focused apps and video games to fans. Core AI’s mission is to harness the facility of synthetic intelligence to construct transformative and scalable choices throughout a number of verticals. Since our launch we’ve developed and co-developed over 2,100 video games, pushed over 780 million downloads, and generated a world footprint of over 40 million customers from over 140 international locations.

Visit www.coregaming.co to be taught extra.

Forward Looking Statements

This press launch incorporates forward-looking statements inside the that means of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and different Federal securities legal guidelines. Words comparable to “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and related expressions or variations of such phrases are meant to determine forward-looking statements. Because such statements take care of future occasions and are primarily based on Core AI’s present expectations, they’re topic to numerous dangers and uncertainties and precise outcomes, efficiency, or achievements of Core AI may differ materially from these described in or implied by the statements on this press launch. The forward-looking statements contained or implied on this press launch are topic to different dangers and uncertainties, together with these mentioned below the heading “Risk Factors” within the Company’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as in any other case required by regulation, Core AI undertakes no obligation to publicly launch any revisions to those forward-looking statements to mirror occasions or circumstances after the date hereof or to mirror the incidence of unanticipated occasions. References and hyperlinks to web sites have been offered as a comfort, and the knowledge contained on such web sites is just not included by reference into this press launch.

[1]  https://www.statista.com/outlook/amo/media/games/mobile-games/worldwide
[2]  https://www.grandviewresearch.com/industry-analysis/ai-apps-market-report

SOURCE Siyata Mobile Inc.