TLDR
- Siyata surges 37% after rebranding to Core AI Holdings, ticker “CHAI”
- Core Gaming merger boosts Siyata stock as firm pivots to AI and gaming
- Siyata Mobile rebrands to Core AI, announces reverse split, stock soars
- New name, new game: Siyata becomes Core AI with big stock market move
- Siyata turns into AI player Core AI Holdings; Nasdaq debut incoming
Siyata Mobile Inc. closed its merger with Core Gaming, triggering a sharp 37.61% surge in regular trading. The stock finished Monday at $3.22 and gained another 1.24% in after-hours, reaching $3.26. This marks a significant turning point as the company repositions itself as Core AI Holdings, Inc.
The merger officially concluded on October 3, 2025, aligning with Siyata’s long-term strategic transformation. Core Gaming now operates as a wholly owned subsidiary under the new corporate entity. The transition introduces a redefined mission focused on technology expansion beyond Siyata’s previous telecom niche.
Core AI Holdings, Inc. aims to scale its operations by integrating artificial intelligence across mobile platforms. The updated entity begins trading under the new Nasdaq symbol “CHAI” on October 7. Aitan Zacharin, Core Gaming’s CEO, now leads the restructured firm as CEO of Core AI Holdings.
Core Gaming Brings $79M Revenue and 780M App Downloads
Core Gaming bolsters its fundamentals with fiscal year 2024 revenues of $79 million and a robust global user base. The company’s proprietary mobile and cloud gaming titles have generated more than 780 million lifetime downloads. These figures underscore its dominance in the $126 billion global mobile gaming market.
Its rapid growth stems from a diverse gaming portfolio and partnerships across international markets. Core Gaming also prioritizes user engagement and scalability, offering a base for expansion beyond entertainment. The merger enhances Siyata’s competitive edge by tapping into Core’s successful track record.
This strategic pivot aligns with broader trends in AI-driven app ecosystems. The global AI app market, worth $2.94 billion in 2024, is projected to grow 38.7% annually through 2030. Core AI Holdings is now positioned to enter this high-growth space through AI-powered offerings.
Reverse Stock Split and New Leadership Structure Announced
To meet Nasdaq listing requirements, Core AI Holdings will implement a 1-for-4 reverse stock split effective October 7, 2025. This action reduces the 79.7 million outstanding shares to approximately 19.9 million post-split shares. It ensures compliance with the $4.00 minimum bid price required for continued listing.
Leadership appointments followed the transaction’s close, with Marc Seelenfreund, Siyata’s former CEO, now leading Siyata PTT Inc. as President. The newly formed Board of Directors combines executive talent from Core Gaming, Siyata, and other Nasdaq-listed firms.
The company also issued 67.3 million pre-split common shares to Core Gaming shareholders as part of the transaction. The share exchange was based on a $160 million valuation of Core Gaming and a 10-day average price formula. With structure, capital, and leadership now in place, Core AI Holdings sets a clear direction for scalable innovation.
