GOLOGIQ INC Stock Price, News & Analysis

GoLogiq, Inc. (OTC: GOLQ) announced its intention to list on a senior U.S. exchange, claiming to meet quantitative and governance requirements. The company has appointed independent board members and engaged Exchange Listing for guidance. Interim CEO Brent Suen expressed optimism that the listing would enhance shareholder value and liquidity while advancing fintech solutions for the unbanked. Additionally, GoLogiq is planning a merger with GammaRey and an acquisition of Nest Egg, aiming to bolster its offerings for Millennial and Gen Z customers in wealth management. The combined wealth of these demographics increased significantly, with projections for the wealth management market to double by 2030.

GoLogiq, Inc. (OTC: GOLQ) has established a strategic advisory board with the appointment of James W. Keyes and Sim Farar as initial members. Keyes, former CEO of 7-Eleven and Blockbuster, aims to help GoLogiq scale its businesses, GammaRey and Nest Egg, stating his excitement at this critical development phase. Farar, with over 35 years of corporate development experience, also highlights the significant demand for GoLogiq's fintech platform. Advisory boards can enhance business growth and productivity, a fact supported by a study from the Business Development Bank of Canada. GoLogiq is focused on fintech solutions in Southeast Asia and emerging markets.

GoLogiq, Inc. (OTC: GOLQ) has appointed Peter Bordes, a veteran in the tech sector with over 30 years of experience, to its board of directors. His extensive background includes leadership roles in fintech and as a venture investor focused on disruptive innovation. Interim CEO Brent Suen expressed confidence that Bordes' expertise will greatly benefit the company’s growth, especially as it aims to expand its fintech ecosystem with upcoming acquisitions of GammaRey and NestEgg. This appointment follows the recent addition of Candice Beaumont to the board, now totaling five directors, with three serving independently.

GoLogiq, Inc. (OTC:GOLQ) has established a strategic advisory board to bolster its fintech and consumer data analytics platform. The board includes James W. Keyes, an innovator with CEO experience at 7-Eleven and Blockbuster, and Sim Farar, a seasoned expert in corporate development and financing. Interim CEO Brent Suen anticipates that their diverse skills will enhance GoLogiq's growth, especially in targeting wealth management for Generation Z and Millennials. Keyes and Farar both expressed enthusiasm about contributing to GoLogiq's mission to serve the unbanked and drive innovative fintech solutions.

GoLogiq, Inc. (OTC:GOLQ) has entered into a definitive share exchange agreement with Nest Egg Investments, valued at $30 million. This all-stock transaction will transform Nest Egg into a wholly owned subsidiary of GoLogiq. Nest Egg offers a mobile app for automated retirement savings, enhancing GoLogiq's fintech portfolio. The merger is timely, as Millennials and Gen Z's wealth is projected to grow significantly, with Bain & Company estimating the wealth management market could surpass $500 billion by 2030. The completion of this deal is expected in the coming weeks, subject to standard closing conditions.

GoLogiq, Inc. (OTC:GOLQ) has appointed Candice Beaumont to its board of directors, bolstering its commitment to gender diversity in the fintech sector. Beaumont, an experienced finance and investment executive, brings significant expertise to the company. The fintech industry currently exhibits a gender disparity, with only 37% of employees and just 11% of board members being women. Beaumont's appointment is part of a broader movement aimed at improving representation and potentially increasing returns on investment for companies. GoLogiq specializes in fintech and consumer data analytics, focusing on mobile solutions for digital transformation in Southeast Asia.

GoLogiq (OTC:GOLQ) has finalized a definitive share exchange agreement to acquire GammaRey, a fintech ecosystem, for $320 million in stock valued at $3.00 per share. This acquisition will potentially enhance GoLogiq's product offerings, including eWallet and microlending, aiming for gross profit margins of up to 30%. Additionally, GoLogiq is in discussions to acquire Nest Egg, a platform focused on retirement savings, further expanding its financial services. The synergies expected from these acquisitions target the wealth management market for Millennials and Gen Z, which is projected to grow significantly in the coming years.

GoLogiq (OTC:GOLQ) has signed a binding letter of intent to acquire Nest Egg Investments in an all-stock deal worth $30 million. Nest Egg provides a mobile solution for retirement savings and investment services through its subsidiary, Nest Egg Securities. This acquisition aims to enhance GoLogiq's fintech ecosystem, especially targeting the wealth management market for Millennials and Generation Z. With a projected market growth exceeding $500 billion by 2030, the integration is expected to drive strong growth and profitability. The deal is anticipated to close in the first quarter of 2023.

GoLogiq, Inc. (OTC: GOLQ) has announced a merger with GammaRey valued at $320 million based on a share price of $3.00. This strategic partnership aims to enhance their fintech solutions, focusing on wealth management for Generation Z and Millennials. The merger is expected to provide better access to capital markets, increasing liquidity and brand visibility. With nearly $800 million in customer financial assets, GoLogiq is poised for significant growth in the rapidly evolving fintech industry.