Siyata Mobile Inc. (Nasdaq: SYTA, later CHAI) announced on February 26, 2025, that it had entered into a definitive merger agreement to acquire Core Gaming, Inc. for $160 million. The transaction was subject to regulatory approvals and customary closing conditions, with the closing expected in the second quarter of 2025.

The merger officially closed on October 3, 2025, resulting in the formation of Core AI Holdings, Inc. Core Gaming, a leading developer and publisher of mobile and cloud-based gaming solutions with $79 million in 2024 revenues and over 780 million lifetime downloads, now operates as a wholly owned subsidiary. The combined company is led by Aitan Zacharin, former CEO of Core Gaming, as CEO of Core AI Holdings, Inc., while Marc Seelenfreund, former CEO of Siyata, serves as President of Siyata PTT Inc., a subsidiary.

As part of the merger, legacy Siyata shareholders will receive a special, one-time stock dividend within six months post-closing, ensuring they retain at least 10% of the outstanding shares of the new entity. The transaction was supported by a fairness opinion from ValueScope, LLC, with legal advice provided by Lucosky Brookman LLP for Core Gaming and Sichenzia Ross Ference Carmel LLP for Siyata.