Home / Article

Core Gaming Plans Nasdaq Listing Through Reverse Merger, Targets Mobile Gaming Market Expansion

Burstable News - Business and Technology News March 11, 2025
By Burstable News Staff
Read Original Article →
Core Gaming Plans Nasdaq Listing Through Reverse Merger, Targets Mobile Gaming Market Expansion

Summary

Core Gaming is set to become a publicly traded company via a reverse merger with Siyata Mobile, positioning itself to leverage the rapidly growing mobile gaming market with a $160 million valuation and AI-driven development strategy.

Full Article

Mobile gaming developer Core Gaming is preparing to enter the public markets through a strategic reverse merger with Siyata Mobile Inc., aiming to capitalize on the burgeoning global mobile gaming landscape. The transaction, valued at $160 million, will provide the company with a Nasdaq listing and enhanced financial resources to drive growth.

The mobile gaming market presents significant opportunities, with projections indicating 2.4 billion players globally by 2029 and an expected market value of $82.4 billion. Core Gaming distinguishes itself through a dual-pronged approach of game development and publishing, having created over 2,000 casual mobile games across 140 countries.

The company leverages advanced artificial intelligence technologies to optimize game development, achieving a 50% boost in content production and reducing development time by over 40%. CEO Aitan Zacharin emphasizes the company's unique positioning, noting that beyond AppLovin Corp., few companies offer both game development and publishing platforms.

Unlike larger competitors with high share prices, Core Gaming offers investors an accessible entry point into the mobile gaming sector. The reverse merger ensures legacy Siyata shareholders retain a minimum 10% stake in the combined entity, signaling long-term commitment and potential value appreciation.

With 40 million monthly active users and over 600 million total downloads, Core Gaming is strategically positioned to expand its market presence. The upcoming Nasdaq listing represents a significant milestone in the company's growth strategy, providing capital for potential strategic acquisitions and further technological innovation.

QR Code for Content Provenance

This story is based on an article that was registered on the blockchain. The original source content used for this article is located at NewMediaWire

Article Control ID: 45439