GoGo AI Network closes spinout of Algo8 stake into new listed vehicle
Bitget2026/10/06 18:49GoGo completed a plan of arrangement that spun out its Algo8 Industrial AI investment into Algo8 AI, which also acquired remaining Algo8 interests. GoGo shareholders received 0.25 Algo8 AI shares per GoGo share, retaining their GoGo shares. Algo8 shareholders exchanged their shares for Algo8 AI shares on a one-for-one basis. Algo8 AI secured conditional approval to list its common shares on the Canadian Securities Exchange. Post-transaction ownership: GoGo shareholders about 33.1% of Algo8 AI; former Algo8 shareholders about 62.4%. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GoGo AI Network Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202610061437TNWSWRCACNPR_____1BQPF4OM5) on October 06, 2026, and is solely responsible for the information contained therein.
- GoGo completed a plan of arrangement that spun out its Algo8 Industrial AI investment into Algo8 AI, which also acquired remaining Algo8 interests.
- GoGo shareholders received 0.25 Algo8 AI shares per GoGo share, retaining their GoGo shares.
- Algo8 shareholders exchanged their shares for Algo8 AI shares on a one-for-one basis.
- Algo8 AI secured conditional approval to list its common shares on the Canadian Securities Exchange.
- Post-transaction ownership: GoGo shareholders about 33.1% of Algo8 AI; former Algo8 shareholders about 62.4%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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