Core AI Holdings announces divestiture of Siyata Mobile, subsidiaries

20 hours ago 1

TipRanks

Tue, December 30, 2025 astatine 7:11 AM CST 1 min read

Core AI Holdings (CHAI) announced that it has simultaneously signed and closed a definitive statement to divest Siyata Mobile (SYTA) and its subsidiaries. This transaction is effectual instantly and represents a completed strategical enactment to streamline operations and ore superior and resources connected Core AI’s halfway artificial quality initiatives. Under the presumption of the definitive agreement, Core AI is entitled to person aggregate information consisting of archetypal information of $100,000 successful cash, and earn-out information consisting of 3 abstracted yearly earn-out payments. Each earn-out outgo volition adjacent the greater of $200,000 oregon 1% of gross gross generated by Siyata during each applicable earn-out period, arsenic reported successful audited yearly fiscal statements prepared successful accordance with IFRS. Based connected unaudited pro forma fiscal accusation arsenic of September 30, 2025, the divestiture has the pursuing interaction connected Core AI’s fiscal profile: Net nonaccomplishment for the 9 months ended September 30, 2025 was reduced from $12.5M to $4.8M, representing an $8.7M improvement, chiefly driven by the removal of Siyata operating expenses. Total assets decreased from $51.6M to $31.6M, reflecting a $20M simplification associated with the divested business. Total liabilities decreased from $22.4M to $18.3M, a $4.1M improvement, further strengthening the Company’s equilibrium sheet.

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