Siyata Mobile Inc. (SYTA) Staring at an AI-Gaming Opportunity on Core Gaming Integration

Siyata Mobile Inc. (NASDAQ:SYTA) is one of the best Robinhood penny stocks to invest in. On August 29, the company entered into an Amended and Restated Merger Agreement with Core Gaming. Under the new terms, Core Gaming is to merge with Siyata Core Acquisition U.S. and become a wholly owned subsidiary of Siyata Mobile.

Likewise, the amended agreement requires Core Gaming to procure and prepay a one-year tail insurance policy. It also needs to extend directors’ and officers’ liability coverage with an aggregate limit of at least $10 million.

Core Gaming Acquisition is poised to expand Siyata Mobile’s footprint into the AI gaming business. The company has emerged as a standout in mobile and AI gaming, with revenues expected to reach $100 million in 2025, up from $13.2 million in 2021. In-app purchases, AI subscriptions, advertising, and brand partnerships drive the company’s robust revenue growth.

Siyata Mobile Inc. (NASDAQ:SYTA) develops and provides cellular communication systems, specializing in Push-to-Talk over Cellular (PoC) devices for enterprise and first responder customers. Its product portfolio includes rugged handsets, in-vehicle devices like the UV350, and accessories designed for instant, nationwide communication over cellular networks.

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Disclosure: None. This article is originally published at Insider Monkey.