Core AI To Debut On Nasdaq Following Completion Of Siyata Mobile’s Merger With Core Gaming

Core AI Holdings Inc. (CHAI) will debut on the Nasdaq Global Markets on Tuesday following the completion of the merger of Siyata Mobile Inc. (SYTA) with Core Gaming Inc.

The new entity will begin trading on Nasdaq under the symbol ‘CHAI’, starting Tuesday. Core AI also announced a reverse stock split, combining four shares into one share.

Core AI’s shares were up more than 4% in Tuesday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory, while the stock was the top-trending ticker on the platform at the time of writing.

Siyata’s merger with Core Gaming for $160 million was announced in February. According to the company, Core Gaming generated $80 million in revenue in 2024. It has published over 2,000 mobile games and has over 40 million monthly active users (MAU).

“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,” said Core AI CEO Aitan Zacharin. Zacharin led Core Gaming before the merger.

Core Gaming and Siyata will operate as wholly owned subsidiaries of the new company, Core AI. Siyata is a Montreal-based company that develops push-to-talk cellular devices, rugged handsets, and in-vehicle devices designed for enterprises and first responders.

“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,” Zacharin added.

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