SYTA News & Events

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.

Siyata Mobile announced a strategic partnership with RAM Mounts, a provider of U.S.-made mounting systems, to deliver advanced in-vehicle solutions tailored to Siyata's SD7, SD7 ULTRA handsets and future roadmap handsets. The companies will debut their integrated solutions at APCO 2025, July 27-30 at the Baltimore Convention Center in Baltimore, Maryland. The collaboration brings together Siyata's suite of PoC handsets with RAM's mounting systems to create mission-ready communications solutions designed specifically for the demanding needs of first responders, transportation fleets, utility workers and enterprise customers.

Verizon Frontline announced that two more industry partners have joined the growing list of companies whose products have earned "Verizon Frontline Verified" status. With Radiav and Siyata now part of the "Verizon Frontline Verified" program, Verizon continues to demonstrate its commitment to providing proven 5G-enabled solutions built for first responders.

Siyata Mobile announced that Core Gaming, who it recently signed a definitive merger agreement with, is experiencing continued momentum with its AI COMIC app. In less than one year, combined user numbers of AI COMIC in Japan and South Korea have jumped from 2,500 to over 32,000, a 13x increase, while those countries' share of total global users rose from 4.12% to 14.38%. "AI COMIC's breakout success in Japan and South Korea is a powerful validation of our strategic vision," said Aitan Zacharin, CEO of Core Gaming. "Return on investment in the region has more than tripled, driven by targeted localization efforts such as a language-optimized user interface. Just as important, the virality we are seeing through widely used platforms like TikTok and Facebook underscores how deeply users are engaging with our product."