diamondguru-one
22 hours ago
The merger terms stipulate that Core Gamingโs $160 million valuation will be divided by the volume-weighted average price (VWAP) of Siyayaโs stock over the 10 trading days preceding the mergerโs effective date to determine the number of shares issued to Core Gaming shareholders. To ensure that legacy Siyata shareholders retain at least a 10% ownership stake in the combined entity, a special one-time stock dividend will be issued within six months following the mergerโs completion. (24/7 Market News: Siyata Mobileโs 2024 Annual Report Spotlights Transformative $160M Core Gaming Merger)
For instance, if the VWAP is $2.00, approximately 80 million shares would be issued to Core Gaming, and Siyata shareholders would receive a stock dividend to maintain their 10% stake. Conversely, if the VWAP is $8.00, only about 20 million shares would be issued to Core Gaming, resulting in Siyata shareholders owning a larger percentage of the combined entity even before the stock dividend is applied.
Siyata Mobileโs implied portion of the merger valuation is $16-18 million. The company reported $11.6 million in revenue for 2024, reflecting a year-over-year growth of 41.3%, following a 27% increase in 2023. With established agreements with major carriers, Siyata is executing its business plan effectively, indicating potential for continued financial improvement.
diamondguru-one
22 hours ago
According to price targets provided by one analyst, the average target price for Siyata Mobile Inc (SYTA, Financial) stands firmly at $1,915.20, with no deviation between high and low estimates. This target suggests a potential upside of 23,284.62% from its current price of $8.19. Interested investors can explore more detailed estimates on the Siyata Mobile Inc (SYTA) Forecast page.
Sheepdog
1 day ago
So funny. At the current price of $6.91 and diluted OS of about 5.5M shares, there will be 28,654,848 new shares issued at the merger for about 34M shares O/S, not 5.5M shares.
And at today's numbers THERE WILL BE ZERO DIVIDEND. Unless, of course, you believe the merged company will be worth $1.6 BILLION
Sheepdog
5 days ago
Shares flying out the door. As of the date of issuance of these financial statements, total outstanding common shares is 5,097,185. This dilution has a drastic negative effect on the amount of dividends shareholders will receive as a part of the merger. With much more dilution on the way apparently. On April 29, 2025, the Company registered an amendment to the January 14, 2025, Equity line of credit to increase the total number of shares that could be issuable under the equity line of credit by an additional 20%. Therefore the maximum number of shares issuable under the equity line of credit was increased by 547,859 from 2,739,296 common shares of the Company to 3,287,155 common shares.
On May 10, 2025, the Company completed a registered offering for an equity line of credit with one investor. This registered offering is up to $12,210,000, which would represent approximately 11,000,000 Common Shares. The Company can issue put notices for the investor to purchase common shares to the maximum amount registered, not to exceed the investor owing more than 4.99% of the Company at any time. The price paid by the investor for these shares is 87.5% of the lessor of a) the stock price on the day before the put notice is issued and b) the lowest closing stock price in the three day period following the put notice.
The Company issued from ELOC2 a total of 1,497,155 common shares to one investor from April 1, 2025 to May 15, 2025 for proceeds net of brokerage and legal fees of $1,672,815.
On May 9, 2025, one of its investors converted 126 Class โCโ preferred shares (with a stated value of $126,000) into 180,645 common shares. The Company credited the fair value of these preferred shares $148,235 to share capital and the same amount reduced the preferred share liability. There was no gain or loss on the transaction.
On May 9, 2025, one of its investors converted 273 Class โCโ preferred shares (with a stated value of $273,000) into 391,397 common shares. The Company credited the fair value of these preferred shares $321,176 to share capital and the same amount reduced the preferred share liability. There was no gain or loss on the transaction.
On May 12, 2025, one of its investors converted 8 Class โCโ preferred shares (with a stated value of $8,000) into 11,469 common shares. The Company credited the fair value of these preferred shares $9,412 to share capital and the same amount reduced the preferred share liability. There was no gain or loss on the transaction
Sheepdog
3 weeks ago
It has been stated that Siyata will be a wholly owned subsidiary. The implication is that it will act autonomously. However, it would be at the whim and will of the majority shareholders after merger, namely Core Gaming....led by someone with a history of BS. So we have no idea as to the future of Siyata. Will it continue to hemorrhage money, will it be shut down or will it be continued with a replaced management and business plan?.
CORE Gaming is a mess since created less than a year ago. In that year, the financials of the acquired subsidiary Newbyera, appear to be falling off of a cliff. They have withheld the last 2 quarters of financial information and that is VERY concerning, if even legal.
Additionally, Siyata has continued it's incessant dilution to remain afloat, and that dilution has drastic impact on the value of shares as relating to the merger formula. The dividend is wholly dependent on the diluted OS at the time of merger. It appears that it is now in the 4.5M range based on the cryptic info in the latest PR. The only thing keeping any dividend in play is the continued erosion in the Siyata stock price.
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Monroe1
3 weeks ago
First thought...The company is venturing away from their area of knowledge into another market when they should be concentrating within the communications field
that would support the present operation vertically.
Secondly .... This Core Gaming thing's site doesn't even function when trying to sign up for updates or to ask them a question. So if they are so successful why merge and not just buy out Siyata? "Since our launch, we have developed and co-developed over 2,000 games, driven over 600 million downloads, and generated a global footprint of over 40 million users from over 140 countries. Visit www.coregaming.co to learn more."
NOT IMPRESSED!! Smells fishy to me and I am not one to say this lightly. Let's see how they proceed from here. Personally, and I might add perhaps to ohastily, but I think this was a weak move with this company and a sign of weakness within Siyata not being secure in their own future. So, let's see if this is a distraction or a healthy attraction.