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Siyata Mobile Inc. (NASDAQ:SYTA) provided an update Thursday on its previously announced merger with Core Gaming, Inc., according to a statement based on a recent SEC filing.
Siyata, a communications solutions provider incorporated in British Columbia, entered into a merger agreement with Core Gaming on February 26, 2025. As outlined in the agreement, Core Gaming will merge with Siyata Core Acquisition U.S., Inc., a wholly owned subsidiary of Siyata. Following the merger, Core Gaming will become a wholly owned subsidiary of Siyata.
Core Gaming, incorporated in Delaware on May 10, 2024, acquired Newbyera Technology Limited, a Hong Kong-based company, on August 2, 2024.
The filing includes several financial statements related to the merger. These exhibits feature audited balance sheets of Newbyera as of July 31, 2024, and December 31, 2023, as well as unaudited statements of operations and comprehensive income (loss) for Newbyera for the seven months ended July 31, 2024, and for the year ended December 31, 2024. Audited financial statements for Core Gaming from its inception through December 31, 2024, and unaudited financial statements for the three months ended March 31, 2025, are also included. Additionally, the filing provides unaudited pro forma combined financial statements for Siyata and Core Gaming for the three months ended March 31, 2025, and a combined pro forma statement of loss for the year ended December 31, 2024.
These disclosures are part of Siyata’s ongoing efforts to provide information to investors about the merger process and the financial positions of the involved entities. The information is based on a press release statement and the company’s SEC filing.
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