If you are searching for syta stock, you might be confused by empty charts, inactive tickers, or "unlisted" messages on your brokerage app. Siyata Mobile Inc. (formerly NASDAQ: SYTA) is no longer trading under that symbol. Following a massive $160 million merger, a name change to Core AI Holdings, and a subsequent corporate divestiture, the stock ticker has evolved into NASDAQ: CHAI, representing a vastly different business. Here is the definitive guide to what happened to your SYTA shares, the transition to CHAI, and what the future holds for this stock.

Understanding Siyata Mobile's Legacy (SYTA)

Historically, Siyata Mobile (formerly trading as SYTA on the NASDAQ) operated as a specialized developer and vendor of cellular communications systems for enterprise customers. Its flagship product line revolved around Push-to-Talk over Cellular (PoC) hardware, specifically its rugged SD7 and SD7 Ultra handsets. These devices were engineered to serve as modern, reliable upgrades to legacy Land Mobile Radio (LMR) systems used by first responders, public safety officers, construction crews, and logistics enterprises.

Siyata’s hardware combined broadband data, push-to-talk voice services, and telematics into a single, unified platform. The primary investment thesis of the legacy "syta stock" was tied directly to hardware adoption. Investors wanted to know: would police departments, emergency medical services, and commercial fleets swap out their expensive, legacy LMR radios for Siyata’s cellular-enabled PTT devices?

While Siyata secured several strategic carrier partnerships—achieving Verizon Frontline Verified status and launching key products on T-Mobile’s first-responder networks—the company struggled to achieve consistent operational profitability. Hardware manufacturing is capital-intensive and carries tight margins, supply chain bottlenecks, and significant inventory overhead. Consequently, Siyata suffered from high cash burn rates. To fund its operations, the company repeatedly turned to dilutive equity raises and debt financing, which created persistent downward pressure on the SYTA stock price. Sensing that a pure-play hardware model was unsustainable over the long term, Siyata's management initiated a radical corporate pivot.

The Turning Point: The Core Gaming Merger and the CHAI Ticker Rebrand

In early 2025, Siyata Mobile signed a definitive agreement to merge with Core Gaming, Inc., a highly profitable, rapidly growing developer and publisher of mobile and cloud-based gaming solutions. The all-stock transaction valued Core Gaming at $160 million and promised to completely transform Siyata’s financial profile.

Core Gaming represented a high-margin, digital-first business with impressive metrics:

• Fiscal year 2024 revenues of approximately $79 million.
• A robust global footprint with over 780 million cumulative lifetime downloads across its portfolio of titles.
• A highly active community of over 43 million monthly active users (MAUs).

The merger officially closed on October 3, 2025. It aimed to blend Siyata's cellular connectivity platform with Core Gaming's software and digital monetization engine. Following the closing of the merger, the legacy Siyata entity underwent a comprehensive corporate restructuring:

1. Corporate Name Change: The combined company was renamed Core AI Holdings, Inc.
2. Reverse Stock Split: To consolidate its capital structure and meet Nasdaq’s minimum bid price requirements, the company executed a 1-for-4 reverse stock split effective at the open of business on October 7, 2025. This action reduced the total outstanding shares of the company from approximately 79.6 million to roughly 19.9 million.
3. Ticker Symbol Shift: The familiar SYTA ticker was retired, and the post-merger entity began trading on the Nasdaq Capital Market under the symbol CHAI on October 7, 2025.
4. CUSIP Evolution: The old CUSIP (83013Q889) was replaced with a new identifier (83013Q871).

For legacy retail investors holding SYTA stock, this corporate action meant their shares were automatically converted into CHAI shares at a 1-for-4 ratio. However, the corporate evolution did not stop at a simple name change and reverse split. What happened next completely redefined the investment thesis for anyone tracking this stock.

The Strategic Pivot: Why Siyata PTT Was Divested

Shortly after launching the combined entity under the CHAI ticker, the newly seated Board of Directors, led by CEO Aitan Zacharin (former CEO of Core Gaming), conducted a rigorous operational audit. The initial thesis behind the merger was that Siyata’s cellular hardware could integrate with Core Gaming’s mobile platform to create an optimized, AI-driven mobile ecosystem.

However, corporate leadership quickly realized that the anticipated technology and commercial synergies between digital mobile gaming and low-margin, capital-heavy cellular hardware manufacturing failed to materialize. Siyata's legacy operations—now organized under the wholly-owned subsidiary Siyata PTT Inc., led by former Siyata CEO Marc Seelenfreund—continued to represent a major cash drain on the parent company.

On December 29, 2025, just two months after completing the merger, Core AI Holdings completed the complete divestiture of Siyata Mobile and its subsidiaries (the legacy Push-to-Talk hardware business).

The Terms of the Divestiture

To streamline operations and focus capital entirely on high-margin artificial intelligence initiatives, Core AI divested Siyata Mobile under the following terms:

• Initial Consideration: Core AI received a modest upfront payment of $100,000 in cash.
• Earn-Out Structure: To retain upside in Siyata’s future hardware performance, Core AI secured three separate annual earn-out payments for 2026, 2027, and 2028. Each annual payment will equal the greater of $200,000 or 1% of Siyata's gross revenue, determined by audited financial statements.
• The Financial Rationale: While the upfront payment was small, the structural benefit for Core AI Holdings was immense. The divestiture completely eliminated approximately $12 million in annual cash burn associated with running Siyata's hardware operations.
• Balance Sheet Improvement: On an unaudited pro forma basis, the transaction significantly simplified the company's balance sheet. Total assets declined from $51.6 million to $31.6 million, but total liabilities also fell from $22.4 million to $18.3 million. Most importantly, the company's net loss for the nine months ended September 30, 2025, narrowed from $12.5 million to just $4.8 million—a massive $8.7 million improvement purely driven by stripping away Siyata's operating overhead.

This divestiture is the single most critical detail that generic financial platforms miss. If you are buying CHAI stock today thinking you are investing in Siyata's rugged SD7 handsets, you are mistaken. Siyata Mobile (operating as Siyata PTT Inc.) is now an independent, private entity. Core AI Holdings (CHAI) is now a lean, pure-play artificial intelligence, digital platform, and technology infrastructure company.

Analyzing Core AI Holdings (CHAI) Financials & Recent Earnings

To evaluate the health of the public entity resulting from the legacy SYTA stock, we must look at the full-year financial results for fiscal year 2025, reported on May 18, 2026. This earnings report reflects a highly transitional period, featuring strong top-line growth from continuing digital operations alongside massive non-recurring write-downs from the discontinued hardware segment.

Continuing Operations (The Core AI Business)

• Revenue Surge: Core AI reported full-year revenue from continuing operations of $55.2 million for FY 2025. This represents an impressive 58.6% year-over-year increase compared to the $34.8 million recorded in fiscal year 2024, driven primarily by the steady growth of Core Gaming's digital publishing and mobile platforms.
• Gross Profit Margin Pressure: Continuing operations posted a minor gross profit loss of $(302,662). Management attributed this directly to non-recurring transition costs, extensive corporate restructuring, and localized operational realignment.
• Ongoing Scale: Under the hood, Core AI's gaming operations continue to expand. By mid-2026, Core Gaming had co-developed over 2,200 games and logged over 820 million cumulative downloads across 140 countries.

Discontinued Operations (The Divested Siyata PTT Business)

Because Siyata PTT was divested in December 2025, its performance was carved out and classified under "discontinued operations" for the 2025 financial year.

• Isolated Revenue: The discontinued Siyata PTT segment generated $3.0 million in revenue during its final post-merger transition window from October 3 through December 31, 2025.
• Isolated Gross Profit: The segment brought in $878,000 in gross profit during the same transition period.
• Net Loss from Discontinued Operations: Core AI reported a staggering $24.4 million net loss from discontinued operations. This loss was heavily driven by transaction-related charges, severe inventory write-downs, financing costs, restructuring expenses, and strategic repositioning initiatives.

While the $24.4 million net loss weighed heavily on Core AI’s consolidated GAAP net income for 2025, it represents a classic "kitchen sink" financial maneuver—where a company packs all of its transition-related bad news, write-offs, and legacy impairments into a single period. Moving into 2026, CHAI operates with a significantly leaner cost structure, free from Siyata’s hardware liabilities and cash drain.

Future Outlook: Malaysia Data Centers and the AI Horizon

With Siyata Mobile fully divested, Core AI Holdings (CHAI) is focused on a dual-pronged growth strategy centering on generative AI apps and high-performance AI technology infrastructure.

1. Generative AI App Integration

Core AI is actively integrating advanced artificial intelligence across its massive mobile gaming catalog. Using proprietary platforms, such as VoicePix (an AI-driven image and comic generator) and LikeMusic.ai (an AI music and voice-generation platform), the company is creating highly interactive, personalized, and immersive user experiences. These AI-driven tools are aimed at driving higher user engagement, boosting in-app purchases, and expanding monthly subscription-based revenues.

2. High-Growth AI Infrastructure

In early 2026, Core AI Holdings made a monumental pivot into the physical AI infrastructure space. The company formed a strategic joint venture with Allianca Group and CSPM Resources to enter Malaysia’s hyper-growth AI data center market. The partnership is targeting multi-billion-dollar development opportunities to deliver integrated, AI-ready data center facilities designed to support Southeast Asia’s exploding demand for computational power.

To solidify these infrastructure ambitions, Core AI appointed Sonali Garg, a former Meta data center leader who oversaw the delivery of 720 MW of data center capacity and managed a $6 billion project portfolio, to its Advisory Board. This pivot into physical data center infrastructure represents a high-barrier-to-entry market that could command a premium valuation compared to legacy hardware assembly.

The Bull Case for CHAI (Formerly SYTA)

• Drastic Cash Burn Reduction: Eliminating Siyata's $12 million annual cash burn dramatically improves the company's financial runway and reduces the need for dilutive equity capital raises.
• Robust Top-line Growth: A 58.6% increase in continuing revenue indicates that their core digital platform is scaling effectively.
• Premium AI Infrastructure Pivot: Entering the data center sector through strategic partnerships and top-tier hires positions CHAI in a highly lucrative, high-multiple industry.

The Bear Case for CHAI

• Profitability Hurdles: Despite rapid revenue growth, CHAI has yet to prove it can consistently generate positive GAAP operating income and net profits.
• High Volatility: With a beta of over 2.0 and a share price of around $1.12 (as of May 2026), CHAI remains a highly volatile, micro-cap stock with a market capitalization of roughly $22 million, making it suitable only for high-risk speculative investors.

Frequently Asked Questions (FAQ)

What happened to my SYTA stock shares?

If you owned SYTA stock before October 7, 2025, your shares were automatically converted into NASDAQ: CHAI shares following Siyata's merger with Core Gaming. This transaction also included a 1-for-4 reverse stock split, meaning your share count was divided by four, while the share price was adjusted upward proportionally at the time of the split.

Why does Siyata Mobile trade under the ticker CHAI?

Following the merger with Core Gaming on October 3, 2025, the combined public entity was renamed Core AI Holdings, Inc., and its NASDAQ ticker symbol was changed from SYTA to CHAI to reflect its new focus on artificial intelligence and digital gaming platforms.

Does Siyata Mobile still exist?

Yes. Siyata Mobile continues to operate as Siyata PTT Inc. under the leadership of President Marc Seelenfreund. In March 2026, the company successfully announced that T-Mobile would launch its next-generation SD7 Ultra 5G handset. However, the business was entirely divested by Core AI Holdings in December 2025 and is now a privately held, independent entity.

Is CHAI stock still a play on rugged push-to-talk cellular devices?

No. Core AI Holdings (CHAI) completely divested the Siyata Mobile PTT hardware business on December 29, 2025. CHAI stock is now a pure play on digital mobile gaming, generative AI applications, and next-generation AI data center infrastructure.

Why did Core AI divest Siyata Mobile so quickly after the merger?

Core AI's management determined that the expected technology and commercial synergies between digital mobile gaming and rugged hardware manufacturing did not materialize. Divesting Siyata Mobile eliminated approximately $12 million in annual cash burn, materially improved the company's net losses, and simplified its balance sheet, allowing it to focus exclusively on high-growth AI infrastructure initiatives.

Conclusion

For investors tracking syta stock, the landscape has completely shifted. The low-margin, high-burn push-to-talk cellular hardware play of the past is gone, divested into private hands. In its place stands Core AI Holdings (CHAI), a highly speculative, rapidly growing technology company scaling at the intersection of mobile gaming, generative AI, and Southeast Asian data center infrastructure. While the company still faces near-term profitability hurdles, the elimination of Siyata's $12 million cash burn and its 58.6% top-line growth indicate that CHAI has built a lean, agile foundation for the AI era. Investors looking to trade this ticker must adjust their thesis from a cellular hardware play to a high-beta, high-potential speculative play on the global AI infrastructure buildout.