GOAT Industries Ltd. (CSE: GOAT) has signed a definitive contract revenue assignment agreement with Epoxy AI, LLC to acquire revenues from six existing customer contracts spanning U.S. Tribal casinos and established casino and sportsbook operators. The transaction, dated October 20, 2026, will see GOAT issue 11,377,600 common shares at a deemed price of C$0.25 per share in exchange for the contract revenues. The deal advances the company's strategy to commercialise its BetSource technology platform across U.S. gaming markets, and investors may be watching closely for Canadian Securities Exchange acceptance ahead of the November 30, 2026 deadline.

Key Points

  • GOAT Industries Ltd. (CSE: GOAT | OTC: BGTTF | FWB: 26B.F) announced the definitive agreement on October 23, 2026
  • GOAT will acquire revenue rights from six Epoxy AI customer contracts covering U.S. Tribal casinos and other casino and sportsbook operators
  • Consideration is 11,377,600 GOAT common shares at a deemed price of C$0.25 per share; a US$100,000 promissory note advanced to Epoxy remains outstanding and separate
  • Transaction requires CSE acceptance and satisfaction of closing conditions before the November 30, 2026 termination deadline

Six Epoxy AI Contracts at the Centre of the Revenue Assignment

Under the agreement, GOAT's indirect wholly owned subsidiary Source Gaming Company, operating as BetSource, will acquire all rights to revenues, receivables, and other amounts payable under six Epoxy AI customer contracts. Epoxy has agreed to formally assign the underlying contracts to Source Gaming within six months of closing, subject to obtaining required customer consents. Until assignment occurs, Epoxy will continue performing contractual obligations and hold any revenues received in trust for Source Gaming, remitting them accordingly. The release states the six agreements represent a significant commercial opportunity relative to GOAT's existing operations.

Share Consideration Structure and Securities Conditions

GOAT will issue 11,377,600 common shares at a deemed price of C$0.25 per share to Epoxy as consideration for the contract revenues. The company disclosed that the consideration shares will be issued in reliance on the asset acquisition prospectus exemption under National Instrument 45-106 and may be subject to resale restrictions under applicable securities laws and escrow requirements under CSE policies. A previously advanced US$100,000 non-interest-bearing promissory note to Epoxy, originating from a January 14, 2026 term sheet, remains outstanding and will not be extinguished upon closing.

BetSource Platform Strategy Across U.S. Gaming and Sports Betting Markets

The transaction is positioned as a strategic step in commercialising GOAT's BetSource platform, which the company describes as technology infrastructure designed to connect live sports content, digital entertainment, and personalised consumer experiences with revenue opportunities including advertising, sponsorships, and interactive gaming services. The disclosure suggests the addition of established customer relationships in the U.S. Tribal gaming and commercial sportsbook sectors is central to GOAT's growth thesis. Completion remains subject to CSE acceptance, release of all security interests in the contract revenues, and other standard closing conditions. The immediate share price impact was not clear from available public information.