Core Gaming Prepares for Nasdaq Listing Through Strategic Reverse Merger

Core Gaming Inc. is poised to enter the public market through a strategic reverse merger with Siyata Mobile Inc., signaling a potential breakthrough in the rapidly expanding mobile gaming industry. The transaction, valued at $160 million, will provide the company with increased capital and a platform for significant growth.

The mobile gaming market represents a substantial and growing opportunity, with projections indicating 2.4 billion players worldwide by 2029 and an anticipated market value of $82.4 billion. Core Gaming has positioned itself uniquely in this landscape by implementing a dual-strategy approach of game development and game publishing, similar to industry leader AppLovin Corp.

The company has distinguished itself by developing and co-developing over 2,000 casual mobile games across 140 countries, generating 40 million monthly active users and over 600 million downloads. What sets Core Gaming apart is its innovative use of artificial intelligence, which has enabled a 50% boost in content production and a 40% reduction in production time.

CEO Aitan Zacharin emphasizes the company's AI-driven approach, which allows them to identify and penetrate underserved niches in the mobile gaming market. By leveraging advanced AI technologies in text, language, image, and video models, Core Gaming can rapidly develop and optimize games, providing a competitive advantage in a dynamic industry.

The reverse merger with Siyata Mobile will facilitate Core Gaming's transition to a publicly traded entity, with legacy Siyata shareholders retaining a minimum 10% stake in the combined company. Zacharin believes the $160 million valuation is just the beginning, suggesting significant potential for future growth.

Investors and industry observers are watching closely, as Core Gaming represents an opportunity to gain exposure to the mobile gaming market without the premium pricing associated with larger, more established competitors. The company's strategic approach, AI-powered development, and global distribution platform position it as a potentially disruptive force in the mobile gaming ecosystem.