GoGo AI Network Inc. (CSE: GOGO) (OTC: GOGAF) (FSE: 4E9) has announced the closing of its previously disclosed plan of arrangement, spinning out its investment in Algo8 Industrial AI Inc. into a newly formed resulting issuer, Algo8 AI Inc. GoGo shareholders received 0.25 of a Resulting Issuer Share for each GoGo common share held as of 12:01 a.m. on October 6, 2026, while retaining their existing GoGo shares in full. Algo8 AI Inc. has received conditional approval to list its common shares on the Canadian Securities Exchange, with final regulatory steps still pending. Investors in GoGo may be watching for confirmation of the Resulting Issuer's final CSE listing approval.

Key Points

  • GoGo AI Network Inc. (CSE: GOGO) (OTC: GOGAF) (FSE: 4E9) closed its plan of arrangement on October 6, 2026
  • GoGo spun out its Algo8 investment into Algo8 AI Inc., which also acquired remaining Algo8 interests concurrently
  • GoGo shareholders hold approximately 33.1% and former Algo8 shareholders hold approximately 62.4% of Resulting Issuer Shares post-closing
  • Final CSE approval for the Resulting Issuer's listing remains pending; lock-up provisions of up to 12 months apply to certain securityholders

Arrangement Structure and Share Distribution for GoGo and Algo8 Shareholders

Under the completed arrangement, GoGo shareholders of record as of 12:01 a.m. on October 6, 2026 received 0.25 of a Resulting Issuer Share for each GoGo common share held and retained their GoGo shares entirely. Former Algo8 shareholders exchanged their common shares for Resulting Issuer Shares on a one-for-one basis. Outstanding Algo8 options became fully vested and exercisable into Resulting Issuer Shares on a one-for-one basis, while RSU and warrant holders are entitled to receive Resulting Issuer Shares upon settlement or exercise under the same ratio. At closing, GoGo shareholders collectively hold approximately 33.1% and former Algo8 shareholders approximately 62.4% of outstanding Resulting Issuer Shares.

Algo8 AI Inc. Conditional CSE Approval and Listing Statement

Algo8 AI Inc. has received conditional approval from the Canadian Securities Exchange to list its common shares, with the Resulting Issuer describing itself as diligently finalising remaining regulatory and procedural requirements for final CSE acceptance. A listing statement dated effective September 30, 2026 has been made publicly available. The Resulting Issuer's board of directors comprises Brandon Kou, Nandan Mishra, Himanshu Singh, Douglas Steinberg, and Nicholas Mersch. An aggregate of 3,883,402 Resulting Issuer Shares were issued as finders' fees to arm's-length parties upon closing of the arrangement.

Lock-Up Restrictions and Transfer Conditions on Resulting Issuer Securities

Resulting Issuer Shares issued to former Algo8 shareholders are subject to contractual transfer restrictions, with release schedules varying depending on whether the exchanged Algo8 shares were originally issued as founder or non-founder shares. Holders of outstanding Algo8 options and RSUs have agreed to voluntary lock-up provisions restricting transfers for periods of up to 12 months following the initial trading date. Securities held by Related Persons, as defined under CSE policies, are subject to an escrow agreement. The Resulting Issuer Shares have not been registered under the United States Securities Act of 1933 and are issued in reliance on an applicable exemption.