This section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article content
VANCOUVER, British Columbia, Sept. 09, 2026 (GLOBE NEWSWIRE) — GoGo AI Network Inc. (“GoGo” or the “Company“) (CSE: GOGO) (OTC: GOGAF) (FSE: 4E9) is pleased to announce that it has obtained a final order (the “Final Order”) from the Supreme Court of British Columbia approving the Company’s previously announced plan of arrangement (the “Arrangement”) pursuant to which GoGo will spin out its investment in Algo8 Industrial AI Inc. (“Algo8”) into 1589675 B.C. Ltd. (“Spin Co”), a wholly-owned subsidiary, and Spin Co will complete a concurrent acquisition of the remaining interests in Algo8 to create a new listed company.
Sign In or Create an Account
or View more offersArticle content
Story continues below
This advertisement has not loaded yet, but your article continues below.
Article content
Prior to the receipt of the Final Order, the shareholders of GoGo approved the Arrangement at the special shareholders’ meeting (the “Meeting“) of GoGo held on August 31, 2026.
Article contentWe apologize, but this video has failed to load.Try refreshing your browser, or
tap here to see other videos from our team.Article contentArticle content
The Arrangement, which remains subject to the satisfaction or waiver of certain customary closing conditions, is expected to close in the September. Further details with respect to the Arrangement are included in GoGo’s management information circular dated July 29, 2026 prepared in connection with the Meeting, which is available under GoGo’s profile on SEDAR+.
Article content
What the Arrangement Means for Shareholders
Article content
Under the terms of the Plan of Arrangement:
Article content
- Each outstanding GoGo share will be redesignated as a “GoGo Class A Share” and then exchanged for (i) one (1) new common share of the resulting issuer (“New GoGo Shares”), and (ii) 0.25 of a common share of Spin Co (“Spin Co Shares”), giving GoGo shareholders a continuing position in the resulting public company alongside a direct stake in the go-forward Algo8 operating business.
- Spin Co will change its name to Algo8 AI Inc., becoming the entity that carries the Algo8 operating business forward, while the current Algo8 entity will be renamed Algo8 Industrial AI Holdings Inc.
- Algo8 shareholders will exchange their shares for Spin Co Shares on a one-for-one basis, subject to standard escrow release schedules for founder and non-founder shares.
Article content
Story continues below
This advertisement has not loaded yet, but your article continues below.
Article content
The exchange mechanics, escrow terms, and treatment of outstanding Algo8 options, RSUs and warrants are set out in full in the Plan of Arrangement, attached as Appendix “A” to the Final Order and previously filed on SEDAR+ at sedarplus.ca.
Article content
About GoGo AI Network Inc.
Article content
GoGo AI Network Inc. is an investment issuer focused on identifying, investing in, and supporting early- stage and growth-stage companies developing artificial intelligence, automation, and next-generation software technologies. The Company targets opportunities across multiple sectors and geographies and seeks to create long-term shareholder value through disciplined capital allocation, active portfolio support, and the strategic monetization of its investments over time. For more information, visit www.gogonetwork.ai.
Article content
About Algo8 Industrial AI Inc.
Article content
Algo8 is a global deep-tech pioneer in industrial AI and the developer of PlantBrain™, a full-stack industrial AI operating system purpose-built for manufacturing, energy, and logistics. Leveraging advanced machine learning, computer vision, and Generative AI, Algo8 drives transformational impact across industries through scalable, explainable, and responsible AI solutions built by a multidisciplinary team of AI specialists.