BUZZ-Siyata Mobile jumps after merger deal with AI game developer
ReutersFeb 26, 2025 2:07 PM
Shares of communication firm Siyata Mobile SYTA.O more than double before the bell
SYTA stock was last up at 114.9% at $7.52, making it the top gainer on the Nasdaq
Says it will merge with AI game developer Core Gaming
SYTA will issue shares based on $160 mln valuation of Core Gaming
Legacy SYTA shareholders will have the right to receive dividend within six months after the merger and will own a minimum of 10% of the combined company
Aitan Zacharin, current CEO of Core Gaming, will lead the combined company
Up to Tuesday's close, SYTA was down ~42.4% YTD
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