Goat Industries Ltd. (CSE: GOAT) announced on October 23, 2026, that it and its subsidiary Source Gaming Company (operating as BetSource) have signed a definitive contract revenue assignment agreement with Epoxy AI, LLC to acquire revenues from six customer contracts. The deal, dated October 20, 2026, involves the issuance of 11,377,600 GOAT common shares at a deemed price of C$0.25 per share. The announcement advances a strategy the company first outlined in an August 17, 2026 news release and targets the U.S. Tribal gaming, commercial casino, and sports betting markets.

Key Points

  • Goat Industries Ltd. (CSE: GOAT) (OTC: BGTTF) (FWB: 26B.F)
  • Definitive agreement signed to acquire revenue rights from six Epoxy AI customer contracts covering U.S. Tribal casinos, casino operators, and sportsbook operators
  • Consideration: 11,377,600 GOAT common shares at C$0.25 per share; transaction termination deadline of November 30, 2026
  • Investors may be watching for CSE acceptance, customer consent outcomes, and formal closing confirmation

Six Epoxy AI Contracts at the Core of the Revenue Assignment

Under the agreement, Source Gaming will acquire all rights to revenues, receivables, and other amounts payable under six Epoxy AI customer contracts with U.S. Tribal casinos and other established casino and sportsbook operators. Until formal assignment of the underlying contracts — which Epoxy has agreed to complete within six months of closing, subject to customer consents — Epoxy will continue performing its contractual obligations and hold received revenues in trust for Source Gaming, remitting them accordingly. The company states it views the six contracts as a meaningful commercial opportunity relative to its current operations.

Share Issuance Structure and Closing Conditions for the Transaction

GOAT will issue 11,377,600 common shares to Epoxy at a deemed price of C$0.25 per share as consideration. The shares are to be issued under the asset acquisition prospectus exemption and may be subject to resale restrictions and escrow requirements under CSE policies. Closing remains conditional on the release of all security interests in the contract revenues, receipt of necessary regulatory approvals, and CSE acceptance. Either party may terminate the agreement if the transaction is not completed by November 30, 2026. The company cautions there is no assurance the deal will close on the described terms or at all.

Pre-Existing Promissory Note Remains Outstanding After Closing

The announcement confirms that a US$100,000 non-interest-bearing promissory note, previously advanced by GOAT to Epoxy in connection with a January 14, 2026 non-binding term sheet, remains outstanding. The disclosure states the note will not be satisfied or extinguished as part of this transaction and will survive completion in accordance with its terms. Investors may be watching how the note is ultimately resolved as the broader commercial relationship between the two companies develops through BetSource's expansion into gaming and sports entertainment markets.