Core AI Completes Divestiture of Siyata Mobile
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
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Should l Buy CHAI?
Core AI Holdings (CHAI) announced that it has simultaneously signed and closed a definitive agreement to divest Siyata Mobile (SYTA) and its subsidiaries. This transaction is effective immediately and represents a completed strategic action to streamline operations and concentrate capital and resources on Core AI's core artificial intelligence initiatives. Under the terms of the definitive agreement, Core AI is entitled to receive aggregate consideration consisting of initial consideration of $100,000 in cash, and earn-out consideration consisting of three separate annual earn-out payments. Each earn-out payment will equal the greater of $200,000 or 1% of gross revenue generated by Siyata during each applicable earn-out period, as reported in audited annual financial statements prepared in accordance with IFRS. Based on unaudited pro forma financial information as of September 30, 2025, the divestiture has the following impact on Core AI's financial profile: Net loss for the nine months ended September 30, 2025 was reduced from $12.5M to $4.8M, representing an $8.7M improvement, primarily driven by the removal of Siyata operating expenses. Total assets decreased from $51.6M to $31.6M, reflecting a $20M reduction associated with the divested business. Total liabilities decreased from $22.4M to $18.3M, a $4.1M improvement, further strengthening the Company's balance sheet.
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About CHAI
Core AI Holdings, Inc., formerly Siyata Mobile Inc., is a global technology company. The Company is an international artificial intelligence (AI) driven mobile games developer and publisher. It creates entertaining games for players worldwide, while enabling other developers to deliver player-focused apps and games to enthusiasts. The Company focuses on building transformative and scalable offerings across multiple verticals. Its AI-driven technology leverages transformer-based pre-trained language models (such as GPT-4) and domain-specific fine-tuned models. Its technology supports multilingual generation. It offers personalized voice cloning services that require only minimal voice samples to generate natural-sounding cloned voices. Its AI-driven technology supports a variety of image transformation and generation styles, including artistic style transfer, anime conversion, and vintage filters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financial Improvement: The divestiture is expected to eliminate approximately $12 million in annual cash burn, significantly reduce losses, and simplify the balance sheet, enhancing the company's financial profile.
- Revenue Potential: Under the agreement, Core AI will receive an initial cash consideration of $100,000, with additional earn-out potential tied to Siyata's performance, which could further enhance future revenue prospects.
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- Financial Improvement: As of September 30, 2025, Core AI's net loss decreased from $12.5 million to $4.8 million, representing an $8.7 million improvement primarily driven by the removal of Siyata's operating expenses, enhancing the company's financial health.
- Asset and Liability Optimization: The transaction resulted in total assets decreasing from $51.6 million to $31.6 million, reflecting a $20 million reduction associated with the divested business, while total liabilities fell from $22.4 million to $18.3 million, further strengthening the company's financial foundation.
- Focus on Core Business: By divesting, Core AI can concentrate more on its artificial intelligence strategy, with plans to increase investments in its AI platform, which is expected to drive sustainable revenue growth and enhance long-term shareholder value.
See More
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- Financial Improvement: As of September 30, 2025, Core AI's net loss decreased from $12.5 million to $4.8 million, representing an $8.7 million improvement primarily driven by the removal of Siyata's operating expenses, thereby enhancing the company's financial health.
- Asset and Liability Optimization: The transaction led to a reduction in total assets from $51.6 million to $31.6 million, reflecting a $20 million decrease, while total liabilities dropped from $22.4 million to $18.3 million, further strengthening the company's financial stability.
- Focus on Core Business: By divesting, Core AI can concentrate more on its artificial intelligence strategy, improve operating leverage, and is expected to drive sustainable revenue growth and enhance long-term shareholder value.
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