GoGo AI Network Shareholders Approve Arrangement with Algo8 Industrial AI; Receives Final Court Order for Plan of Arrangement with Algo8

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.

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.

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+.

What the Arrangement Means for Shareholders

Under the terms of the Plan of Arrangement:

• 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.
  

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.

About GoGo AI Network Inc.

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.

About Algo8 Industrial AI Inc.

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.

With over 50 successful deployments worldwide, Algo8 has consistently delivered breakthrough AI innovations that enhance efficiency, boost profitability, and accelerate digital transformation.

On behalf of the Board of Directors of GoGo AI Network Inc.

Geoff Balderson, CFO & Director

For further information, please contact:
Geoff Balderson, CFO
Phone: 604-602-0001
investors@gogonetwork.ai

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including, without limitation, the expected timing and completion of the Arrangement, the satisfaction or waiver of remaining closing conditions, and the expected closing of the Arrangement in September are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or “occur”.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including, among other things, that all remaining conditions precedent to the completion of the Arrangement will be satisfied or waived in a timely manner, that no Material Adverse Effect will occur prior to the Effective Date, and that the Arrangement will be completed in September. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary include, without limitation, that the remaining conditions to closing will not be satisfied or waived, that a Material Adverse Effect may occur with respect to one or more of the parties, that the Arrangement Agreement may be terminated in accordance with its terms, and general economic, market and business conditions.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.