Core AI Announces Divestiture of Siyata Mobile and Subsidiaries
Core AI Holdings, Inc. - Common Shares (CHAI)
Company Research
Source: GlobeNewswire
Reduces Annual Cash Burn and Positions Company for AI-Driven Growth Miami, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Core AI Holdings, Inc. (Nasdaq: CHAI) (“Core AI” or the “Company”), a global AI driven mobile games developer and publisher, today announced that it has simultaneously signed and closed a definitive agreement to divest Siyata Mobile Inc. and its subsidiaries (collectively, “Siyata”). 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. “As we continued to deepen our focus on artificial intelligence, it became clear that the anticipated technology and commercial synergies with Siyata did not materialize,” said Aitan Zacharin, CEO of Core AI Holdings, Inc. “The divestiture eliminates approximately $12 million in annual cash burn, materially reduces losses and simplifies our balance sheet. Furthermore, it also better aligns our
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News
- Core AI Holdings announces divestiture of Siyata Mobile, subsidiaries [Yahoo! Finance]Yahoo! Finance
- Core AI Announces Divestiture of Siyata Mobile and Subsidiaries [Yahoo! Finance]Yahoo! Finance
- Core AI to Deliver Q3 2025 Business Update and Preview 2026 OutlookGlobeNewswire
- Core AI Launches New AI-Powered Digital Marketing Business to Accelerate Global Growth [Yahoo! Finance]Yahoo! Finance
- Core AI Launches New AI-Powered Digital Marketing Business to Accelerate Global GrowthGlobeNewswire
CHAI
Sec Filings
- 12/31/25 - Form 6-K
- 12/3/25 - Form 6-K
- 11/24/25 - Form EFFECT
- CHAI's page on the SEC website