GoGo AI Rallies 16% on Algo8 Spin-Out to Public Markets

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Monday, June 22, 2026

Industrial artificial intelligence is moving from isolated pilot programs to permanent plant-floor deployments. Publicly listed investment vehicles often re-rate when a portfolio company secures a clear path to its own operating listing. With enterprise buyers demanding measurable uptime, energy efficiency, and yield gains from live manufacturing data, spin-outs that unlock a pure-play industrial AI equity story are drawing fresh attention.

GoGo AI Network Inc. (GOGO:CNX) advanced Monday after executing a definitive arrangement agreement, dated June 21, 2026, to spin out portfolio company Algo8 Industrial AI into a newly listed operating entity on the Canadian Securities Exchange. Under the plan of arrangement, existing GoGo shareholders will retain all current GOGO shares while receiving an additional 0.25 Spin Co common share for each GoGo share held, delivering a non-dilutive stake in the Resulting Issuer at no incremental cost. Spin Co intends to rename Algo8 Industrial AI Inc. and apply for an independent CSE listing, while GoGo continues as a CSE investment issuer. The GoGo board unanimously endorsed the transaction, with closing expected in the third quarter of 2026.Algo8's PlantBrain platform is a full-stack industrial AI operating system with 50+ live deployments across steel, tire, automotive, and energy operators. At closing, the Resulting Issuer is expected to carry roughly $5M in combined cash ($1.5M from GoGo plus $3.5M at Algo8). Former GoGo shareholders are slated to own about 32% of roughly 86.7M Resulting Issuer shares outstanding, with former Algo8 holders holding the balance. Chemelex LLC, a Brookfield Corporation subsidiary, previously invested $2.79M in Algo8 at a $60M pre-money valuation, underscoring institutional confidence ahead of the listing.

Brandon Kou stepped down as GoGo president and director effective June 19, 2026, to lead the Resulting Issuer as president and board member. Completion remains subject to affirmative votes of at least 66⅔% of votes cast at separate GoGo and Algo8 shareholder meetings, interim and final orders from the Supreme Court of British Columbia, and CSE acceptance.

GOGO:CNX traded at $0.185, up 15.6%, on volume of 514,500 in late-morning trading Monday. Investors will be watching for the management information circular, special meeting dates, and the Spin Co listing timeline as Algo8 moves toward an independent public-market profile.

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