VANCOUVER, British Columbia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- GoGo AI Network Inc. (“GoGo”) (CSE: GOGO) (OTC: GOGAF) (FSE: 4E9) and Algo8 AI Inc. (“Algo8”) (CSE: AIOS) announce that the common shares of Algo8 (the “Algo8 Shares”) will resume trading today. The halt was imposed to assist with administrative matters relating to adjustments (described below) and was unrelated to any business developments or other actions of Algo8.

In connection with the previously announced plan of arrangement (the “Arrangement”) pursuant to which GoGo spun out its investment in Algo8 Industrial AI Inc. into Algo8 (formerly 1589675 B.C. Ltd.), which Arrangement closed at 12:01 a.m. on October 6, 2026 (the “Effective Time”) as previously disclosed in GoGo and Algo8’s press release dated October 6, 2026, adjustments to the distribution of Algo8 Shares to Market Participants have been processed to ensure that beneficial holders of common shares of GoGo (the “GoGo Shares”) as of the Effective Time received Algo8 Shares in accordance with the terms of the Arrangement.

For further information regarding the Arrangement, please see GoGo’s press releases dated June 22, 2026, September 9, 2026 and October 6, 2026, and GoGo’s management information circular dated July 29, 2026 prepared in connection with the special meeting of shareholders of GoGo held on August 31, 2026, which is available under GoGo’s profile on SEDAR+ at www.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 AI Inc.

Algo8 AI Inc. (CSE: AIOS) is an Industrial Artificial Intelligence company. Its Industrial AI Operating System, anchored by the flagship PlantBrain™ platform, connects the operational and business systems customers already run and combines industrial context with generative, agentic, predictive and physical AI to turn industrial data into decisions and actions. Large-scale manufacturing, energy and infrastructure operators use it to optimize production scheduling, maintenance, quality, energy use and throughput, driving productivity and progressively more autonomous operations. The platform is delivered to customers globally, from initial diagnostic through deployment and ongoing support.

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

GoGo AI Network Inc.
Phone: 604-602-0001
investors@gogonetwork.ai

On behalf of the Board of Directors of Algo8 AI Inc.

Brandon Kou
President and Director

For further information regarding Algo8 AI Inc., please contact:

Daniel Gordon
Investor Relations
Phone: 416-827-8761
Email: daniel@adcap.ca
Website: algo8.ai/investors

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, timing of the resumption of trading of the Algo8 Shares on the CSE 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” or “would” occur.

Forward-looking statements are based on certain material assumptions and analysis made by GoGo and Algo8 and the opinions and estimates of management as of the date of this news release, including, among other things, that the adjustment will be reflected in beneficial holders’ accounts in a timely manner and that the trading of the Algo8 Shares will resume as anticipated. 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 GoGo and Algo8 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, delays in the processing of the adjustment by brokers and other intermediaries, delays in the resumption of trading of the Algo8 Shares and general economic, market and business conditions.

Although management of GoGo and Algo8 have 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. GoGo and Algo8 do not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.