GoGo AI Network Inc. (CSE: GOGO) announced on September 9, 2026, that the Supreme Court of British Columbia has granted a Final Order approving its plan of arrangement to spin out its investment in Algo8 Industrial AI Inc. into a new publicly listed company. Shareholders had already endorsed the deal at a special meeting held on August 31, 2026. The transaction remains subject to customary closing conditions and is expected to close in September 2026. Investors are watching closely as the arrangement would deliver both a continuing position in GoGo and a direct stake in the Algo8 operating business.

Key Points

  • GoGo AI Network Inc. (CSE: GOGO | OTC: GOGAF | FSE: 4E9) announced receipt of a Final Court Order approving its plan of arrangement with Algo8 Industrial AI Inc.
  • Shareholders approved the arrangement at a special meeting held August 31, 2026; the Supreme Court of British Columbia subsequently granted the Final Order.
  • Each GoGo share will be exchanged for one New GoGo Share and 0.25 of a Spin Co share, with Spin Co to be renamed Algo8 AI Inc.
  • Closing remains subject to customary conditions and is expected to occur in September 2026.

Court Approval and Shareholder Vote Advance GoGo–Algo8 Restructuring

GoGo AI Network confirmed that it secured both shareholder approval and a Final Order from the Supreme Court of British Columbia for its previously announced plan of arrangement. Shareholders voted in favour at a special meeting convened on August 31, 2026, clearing the way for the court to issue its approval. The arrangement is designed to spin out GoGo's investment in Algo8 Industrial AI into a wholly-owned subsidiary, 1589675 B.C. Ltd. ("Spin Co"), which will simultaneously acquire the remaining interests in Algo8 to form a newly listed public entity, to be renamed Algo8 AI Inc.

Share Exchange Terms and What GoGo Shareholders Will Receive

Under the arrangement, each outstanding GoGo share will first be redesignated as a GoGo Class A Share and then exchanged for one new common share of the resulting GoGo issuer and 0.25 of a Spin Co share. This structure gives existing GoGo shareholders a continued position in the reorganised GoGo entity alongside a direct equity interest in the Algo8 operating business going forward. Algo8 shareholders will exchange their shares for Spin Co shares on a one-for-one basis, subject to standard escrow release schedules for both founder and non-founder shareholders.

Algo8's PlantBrain™ Platform at the Centre of the New Listing

Algo8 Industrial AI is the developer of PlantBrain™, described in the announcement as a full-stack industrial AI operating system built for manufacturing, energy, and logistics sectors. The release states that Algo8 has completed over 50 deployments worldwide. Once the arrangement closes, the Algo8 operating business will be carried forward through Spin Co, which is to be renamed Algo8 AI Inc., while the existing Algo8 entity will become Algo8 Industrial AI Holdings Inc. The current Algo8 entity's options, RSUs, and warrants are addressed in the full plan of arrangement documentation.