GoLogiq, Inc.: M&A transaction — GoLogiq completes merger with GammaRey; adds $20M revenue, $800M assets

GoLogiq, Inc.

Acquired all GammaRey shares; issued 77.5M shares plus 29.2M reserved for later issuance.
GammaRey contributes ~$20M annualized revenue, profitable, with nearly $800M in customer assets.
Combined company to target Gen Z/Millennial wealth management; $3.6T asset market growing 25% YoY.
Shareholders approved increase to 500M common and 10M preferred shares; board authorized reverse or forward split.
GoLogiq applying for senior U.S. exchange listing; believes it meets quantitative requirements.

item 2.01 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GoLogiq, Inc. completed an acquisition involving GammaRey, Inc. (closed 2023-03-07).

Action: acquisition
Counterparty: GammaRey, Inc.
Closing: 2023-03-07

Exact text from the filing

Effective March 7, 2023, the Company, GammaRey and the Shareholders consummated the transactions contemplated by the Share Exchange Agreement.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.7

GoLogiq, Inc. shareholders approved Increase authorized shares to 510,000,000 (500M common, 10M preferred) at the 2023-03-06 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-06

Exact text from the filing

holders of a majority of the outstanding shares of common stock of the Company approved resolutions (1) to increase the aggregate number of shares which the Corporation shall have authority to issue to five hundred million (510,000,000) shares

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.7

GoLogiq, Inc. shareholders approved Reverse stock split (1:2 to 1:10) and forward stock split (2:1 to 5:1) at the 2023-03-06 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-03-06

Exact text from the filing

granting discretionary authority for the Company’s Board of Directors, without further stockholder approval, to, at any time before the earlier of December 31, 2024 and the date of the Corporation’s 2024 annual meeting of stockholders, (a) effect a reverse stock split

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Source: SEC EDGAR

accession 0001575872-23-000338

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