Core AI Holdings announces divestiture of Siyata Mobile, subsidiaries

Core AI Holdings (CHAI) announced that it has simultaneously signed and closed a definitive agreement to divest Siyata Mobile (SYTA) and its subsidiaries. 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. Under the terms of the definitive agreement, Core AI is entitled to receive aggregate consideration consisting of initial consideration of $100,000 in c ...