Algo8 industrial AI unit spins out of GoGo, wins CSE listing nod

What's the deal? Algo8 AI Inc.Dealroom has a profile for this one. Try Dealroom → has completed its separation from GoGo AI Network Inc.Dealroom has a profile for this one. Try Dealroom → (CSE: GOGO) and acquired the remaining interests in Algo8 Industrial AI Inc.Dealroom has a profile for this one. Try Dealroom →, forming a standalone company that has secured conditional approval to list on the Canadian Securities Exchange (CSE).

How it works: Vancouver-based GoGo spun out its Algo8 stake into the new issuer — formerly 1589675 B.C. Ltd.Dealroom has a profile for this one. Try Dealroom → — under a plan of arrangement that closed October 6, 2026. GoGo shareholders received 0.25 of a new share for each GoGo share held while keeping their existing shares; former Algo8 holders swapped their shares one-for-one.

By the numbers: After the deal, former Algo8 shareholders hold roughly 62.4% of the new company, with GoGo shareholders at about 33.1%. The issuer also handed out 3,883,402 shares in finders' fees to arm's length parties.

Why now? GoGo is an investment issuer, and the arrangement lets Algo8's industrial AI operations trade on their own. The new company has filed a CSE Form 2A listing statement dated September 30, 2026, and says it is finalising the remaining steps for final CSE approval.

What's the endgame? Following the arrangement, the resulting issuer's principal business is Algo8. Its board comprises Brandon Kou, Nandan Mishra, Himanshu Singh, Douglas Steinberg, and Nicholas Mersch.

The signal: The move reflects a familiar playbook for junior markets: an investment vehicle spinning an operating asset into a separately listed company to give it a direct path to public capital. For GoGo shareholders, it converts a holding into tradable equity in a dedicated industrial AI issuer.

Read more: business.theantlersamerican.com

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