** Shares of communication firm Siyata Mobile SYTA.O more than double before the bell
** SYTA stock was last up at 114.9% at $7.52, making it the top gainer on the Nasdaq
** Says it will merge with AI game developer Core Gaming
** SYTA will issue shares based on $160 mln valuation of Core Gaming
** Legacy SYTA shareholders will have the right to receive dividend within six months after the merger and will own a minimum of 10% of the combined company
** Aitan Zacharin, current CEO of Core Gaming, will lead the combined company
** Up to Tuesday's close, SYTA was down ~42.4% YTD
(Reporting by Rishi Kant in Bengaluru)
((Rishi.Kant@thomsonreuters.com))
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