VANCOUVER,
BC, May 6, 2025 /PRNewswire/ -- Siyata
Mobile Inc. (Nasdaq: SYTA,
SYTAW) ("Siyata" or the "Company"), a global
developer and vendor of mission-critical Push-to-Talk over Cellular
(PoC) handsets and accessories, today announced the publication of
the full transcript from its recent AMA (Ask Me Anything) video
featuring Aitan Zacharin, CEO of
Core Gaming, Inc.
The AMA session, which originally aired on the
Company's website on April 30,
addressed questions submitted by shareholders through Siyata
Responder on StockTwits, a social media platform dedicated to
investors and traders. Siyata Responder is a Company-led initiative
designed to enhance transparency and establish a direct line of
communication between Company leadership and retail investors.
For those who missed the AMA, the video is still
available for viewing at: https://ir.siyata.net/
The full transcript begins here.
Ask Me Anything: Clean Transcript with Speaker
Identification
Speaker: Aitan
Zachary, CEO of Core Gaming
Hello everyone. This is Aitan Zachary, CEO of Core Gaming. I'm here
today to speak directly to you, our retail investors.
We're living in a new era where you are the
driving force of the market, and we fully recognize and respect
that. It's my mission to ensure that we provide full transparency
and clear disclosure about our strategy and vision as we get closer
to the merger with Siyata.
We know shareholders want clarity. We've been a
private company up until now, so naturally, there hasn't been much
public information available. This AMA is part of a series of
videos designed to build a clear and direct line of communication
with you—to answer your questions as we move toward entering the
public markets. We want to ensure our investors understand our
vision, operations, and where we're heading. So, with that, let's
get into your questions.
Q: I would like a more detailed explanation
of the creation of shareholder wealth through this merger. There
was an increase in the market cap to 5.10 million while the share
price is at 1.70, previously the share cost was $2.00 and the market cap was close to 2 million.
Is this an added valuation increase and will this increase be added
to the portion that legacy shareholders with receive in the 10%
dividend?
This merger aims to create shareholder value by
combining Siyata's communication solutions with Core Gaming's
gaming business. Legacy Siyata shareholders are set to receive a
special stock dividend within six months post-merger, ensuring they
own at least 10% of the combined company.
Q: This is outstanding, and we appreciate
the dedication of the company to keep the shareholders informed of
the merger process and the CEO of Core Gaming to share the growth
strategy of the business! Congratulations on latest jump in company
evaluation and the extra 3 million users monthly added to the value
of core gaming and Siyata!
Thank you for your support. We're excited about
the growth opportunities this merger presents and remain committed
to keeping our shareholders informed throughout the process.
Q: Siyata Mobile has lost shareholders over
100% over the last year alone, what do you aim to do to reverse
this?
We are head-down focused on business execution.
We're growing our top and bottom lines by expanding our existing
business and evaluating expansion opportunities. Creating awareness
around our story and continued execution is the time-tested
strategy for generating shareholder value.
Siyata will continue to operate as it currently
does and has significant growth potential in its PTT (Push-To-Talk)
business with major U.S. carriers like T-Mobile, AT&T, and
others. They are also working on some very exciting new products
that will be announced in the coming months.
Q: I like this idea. Any merger comes with
risks. What are the biggest risks you foresee in the merger, and
how do you plan to mitigate them? Also, Core Gaming is a huge
company. What lessons from leading Core Gaming will you bring to
the combines Siyata company?
The main risks involve integration and execution.
Mergers can be distracting, so we've developed detailed operational
plans to align teams, maintain customer focus, and hit growth
targets without disruption.
At Core Gaming, we've launched over 2,000 games
by focusing on product optimization, fast iteration, and
disciplined resource management. We'll apply these same principles
post-merger.
Q: I have 3 questions for
Aitan:
- Can you share how Core Gaming will benefit from public
market access?
- How do you plan to balance the legacy Siyata shareholder
interests with Core Gaming's goals?
- What benchmarks should shareholders use to hold you
accountable for the success of this transition?
Going public via reverse merger gives Core Gaming
access to capital markets, enhances our ability to fund growth, and
expands our gaming business. It also allows us to explore strategic
acquisitions. We are committed to honoring legacy Siyata
shareholders with a guaranteed 10% equity post-merger. Our
long-term strategy is focused on delivering value across the entire
shareholder base. Our goal—though not a forecast—is to exceed
$100 million in revenue in 2025 and
to have the consolidated company profitable.
Q: I have two questions:
- Any idea what the stock price will be when the merger is
finalized?
- When will the merger actually be finalized or at least
give us a month.
According to the agreement, current Siyata
shareholders will be entitled to 10% of the combined company. Based
on a third-party valuation of $160
million for Core Gaming, this means Siyata shareholders will
receive a dividend even if the company value is less than
$160 million at the time of closing.
The merger is expected to close by the end of Q2 2025, pending
regulatory approval.
Q: What is Core Gaming's edge over other
mobile game developers? There are a ton of competitors in this
space. What makes your model unique?
Core Gaming's edge lies in our proprietary
AI-based marketing analysis. This identifies high-potential gaming
niches and allows us to launch targeted games efficiently. We
co-develop and co-launch games with partner studios and monetize
them effectively through ad partners and our AI platform. This has
helped us launch over 2,000 games and attract over 750 million
downloads.
Q: How will the merged company make money?
Are you focused on advertising, in-app purchases, paid downloads or
something else?
Our revenue primarily comes from advertising. As
we expand our user base and introduce new games, we'll continue
optimizing monetization strategies through ad delivery
optimization, user portrait prediction, risk detection and
multi-dimensional optimization.
Q: Will Core Gaming continue launching new
games after the merger or will the focus shift to managing the
existing portfolio?
Absolutely—we will continue launching new games
post-merger. Game development and publishing are at the core to our
growth strategy. We're actively identifying new opportunities and
plan to leverage our current AI tools and studio partnerships to
keep expanding our portfolio.
Q: What's the plan for investor relations
going forward? Will we see regular updates from
management?
Yes, transparency and communication are at the
top of our priorities. We'll maintain consistent outreach through
quarterly earnings, investor decks, and social media updates.
Q: Will there be a new ticker symbol
post-merger?
We also plan to update the ticker symbol to
better reflect the primary business going forward. This is part of
our regulatory approval process.
Thank you to everyone who submitted questions. At
Core Gaming—and together with Siyata—we believe transparency,
execution, and shareholder alignment are the foundation for
long-term success.
We're working hard behind the scenes to make this
merger a success—not just operationally but in building real value
that reflects in the market for every investor involved. We'll
continue to update you through public filings, press releases, and
updates like this.
If your question wasn't answered here, we're
listening and will address it in future communications. I'm excited
to share that this AMA is not a one-time event. We plan to host
regular AMAs powered by the Siyata Responder. You'll be able to
submit questions in advance for each session.
We're excited for what lies ahead and appreciate
your trust as we take this step together.
Thank you.
-- End transcript --
The Company expects to publish additional AMA
videos in the future. To submit questions and connect with the
Company directly, interested parties can access Siyata Responder
at: https://stocktwits.com/Siyata_Responder.
About Siyata Mobile Inc.
Siyata Mobile Inc. is a B2B global developer and
vendor of next-generation Push-To-Talk over Cellular handsets and
accessories. Its portfolio of rugged PTT handsets and accessories
enables first responders and enterprise workers to instantly
communicate over a nationwide cellular network of choice, to
increase situational awareness and save lives. Police, fire, and
ambulance organizations as well as schools, utilities, security
companies, hospitals, waste management companies, resorts and many
other organizations use Siyata PTT handsets and accessories
today.
In support of our Push-to-Talk handsets and
accessories, Siyata also offers enterprise-grade In-Vehicle
solutions and Cellular Booster systems enabling our customers to
communicate effectively when they are in their vehicles, and even
in areas where the cellular signal is weak.
Siyata sells its portfolio through leading North
American cellular carriers, and through international cellular
carriers and distributors.
Siyata's common shares trade on the Nasdaq under
the symbol "SYTA", and its common warrants trade on the Nasdaq
under the symbol "SYTAW".
Visit www.siyata.net to learn more.
About Core Gaming, Inc.
Core Gaming is an international AI driven mobile
games developer and publisher headquartered in Miami. We create entertaining games for
millions of players worldwide, while empowering other developers to
deliver player-focused apps and games to enthusiasts. Core's
mission is to be the leading global AI driven gaming company. Since
our launch we have developed and co-developed over 2,000 games,
driven over 600 million downloads, and generated a global footprint
of over 40 million users from over 140 countries.
Visit www.coregaming.co to learn more.
Forward Looking Statements
This press
release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995 and other Federal securities laws. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates" and similar expressions or variations of such words are
intended to identify forward-looking statements. Because such
statements deal with future events and are based on Siyata's
current expectations, they are subject to various risks and
uncertainties and actual results, performance, or achievements of
Siyata could differ materially from those described in or implied
by the statements in this press release. The forward-looking
statements contained or implied in this press release are subject
to other risks and uncertainties, including those discussed under
the heading "Risk Factors" in Siyata's filings with the Securities
and Exchange Commission ("SEC"), and in any subsequent filings with
the SEC. Except as otherwise required by law, Siyata undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites and social media have been
provided as a convenience, and the information contained on such
websites or social media is not incorporated by reference into this
press release.
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SOURCE Siyata Mobile Inc.