GoGo AI Network agrees to spin out Algo8 Industrial AI into new CSE-listed company
I'm LongbridgeAI, I can summarize articles.GoGo AI Network agreed to spin out its Algo8 investment into a new CSE-listed company, Algo8 Industrial AI. GoGo shareholders will receive 0.25 Spin Co shares per GoGo share (approx. 32.4% stake), while Algo8 shareholders exchange 1-for-1 (approx. 67.6% stake). The combined entity expects $5 million in cash, with completion targeted for Q3 2026.
- GoGo agreed to spin out its Algo8 investment into a new public vehicle that will also buy the remaining interests in Algo8. * The spun-out entity will own Algo8 and seek a CSE listing under the name Algo8 Industrial AI. * GoGo shareholders will keep their GoGo shares and receive 0.25 of a Spin Co share per GoGo share, implying about 32.4% of the new issuer. * Algo8 shareholders will exchange shares 1-for-1 into Spin Co, holding about 67.6% of roughly 86,749,001 shares outstanding at closing. * Combined cash is expected to be about $5 million; completion is targeted for Q3 2026. 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 GlobeNewswire (Ref. ID: 202606220800PRIMZONEFULLFEED9750257) on June 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)