If You Invested in Corgi GOOGL 2x Daily ETF (GOGL)

Golden Ocean Group Limited (GOGL) historically represented a Bermuda-incorporated shipping company specializing in the transportation of dry bulk cargoes. The company’s ordinary shares were listed on the Nasdaq Stock Market and had a secondary listing on the Euronext Oslo Børs under the ticker symbol "GOGL". According to multiple company announcements, Golden Ocean operated a substantial fleet of dry bulk vessels measured in millions of deadweight tonnes, focused on seaborne transportation of dry bulk commodities.

Golden Ocean was part of the deep sea freight transportation industry within the broader transportation and warehousing sector. Its business centered on owning and operating dry bulk vessels and using that fleet to carry dry bulk cargoes across international shipping routes. Public disclosures describe Golden Ocean as a Bermuda incorporated shipping company, underlining its corporate base in Bermuda and its focus on ocean-going freight.

Merger with CMB.TECH and corporate transformation

Golden Ocean underwent a significant corporate change through a stock-for-stock merger with CMB.TECH NV. As described in joint announcements and subsequent updates, Golden Ocean agreed to merge with and into CMB.TECH Bermuda Ltd., a wholly owned subsidiary of CMB.TECH NV, with CMB.TECH Bermuda Ltd. as the surviving company and CMB.TECH NV as the issuer of the merger consideration shares. Under the terms of the merger, each outstanding common share of Golden Ocean was to be cancelled and exchanged for newly issued CMB.TECH ordinary shares at an exchange ratio of 0.95 CMB.TECH ordinary shares for each Golden Ocean common share, subject to customary adjustments.

A Special General Meeting of Golden Ocean shareholders was held on August 19, 2025, where all resolutions set out in the notice of the meeting were approved, including approval of the merger. Company announcements indicated that the last day of trading and listing of Golden Ocean shares on Nasdaq and Euronext Oslo Børs was expected to be August 19, 2025, in connection with the completion of the merger and the transition to CMB.TECH shares for former Golden Ocean shareholders.

Delisting and deregistration of GOGL

Following approval of the merger and the related corporate steps, Golden Ocean’s Nasdaq-listed common shares were removed from listing and registration. A Form 25 filed by Nasdaq Stock Market LLC on August 20, 2025, served as notification of removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 for Golden Ocean Group Ltd. common stock. Subsequently, a Form 15 (15-12G) dated September 2, 2025, certified the termination of registration under Section 12(g) and suspension of reporting obligations under Sections 13 and 15(d) of the Exchange Act. The Form 15 was filed by CMB.TECH Bermuda Ltd. as successor by merger to Golden Ocean Group Limited, and it identified Golden Ocean’s common shares as the class of securities covered by the filing.

These regulatory filings mean that GOGL, as a U.S.-registered security, has been delisted from Nasdaq and its reporting obligations under the U.S. securities laws have been terminated. For investors and researchers, GOGL now primarily represents the historical listing of Golden Ocean prior to its merger into the CMB.TECH structure.

Business profile before the merger

Prior to its combination with CMB.TECH, Golden Ocean’s public communications consistently described the company as a shipping company specializing in the transportation of dry bulk cargoes. Its fleet was composed of a large number of dry bulk vessels with total capacity in the range of tens of millions of deadweight tonnes, emphasizing scale within the dry bulk segment. As a Bermuda incorporated entity, Golden Ocean’s disclosures and shareholder communications were issued from Hamilton, Bermuda.

Golden Ocean’s shares were accessible to investors on both Nasdaq and Euronext Oslo Børs, and company announcements referenced its ticker symbol "GOGL" on both exchanges. The company also engaged in capital markets activities related to its fleet and financing, including announcements about loan facilities to refinance outstanding debt, which were tied to the planned merger with CMB.TECH.

Relationship with CMB.TECH

The merger linked Golden Ocean with CMB.TECH, a maritime group listed on Euronext Brussels and the New York Stock Exchange under the ticker symbol "CMBT". Public information in Golden Ocean’s merger-related announcements describes CMB.TECH as a diversified maritime group that owns and operates more than 160 seagoing vessels across multiple vessel types and offers hydrogen and ammonia fuel to customers, with its headquarters in Antwerp, Belgium. Following the merger, CMB.TECH became the issuer of the shares received by former Golden Ocean shareholders.

For users researching GOGL today, it is important to recognize that the symbol refers to the historical listing of Golden Ocean Group Limited. Current business operations and disclosures related to the combined maritime group are made under CMB.TECH’s listings and corporate structure.

GOGL as a historical reference

Because of the completed merger, delisting, and deregistration, GOGL should be viewed as a former trading symbol rather than an actively listed stock. Historical news, financial reports, and regulatory filings under the GOGL symbol document Golden Ocean’s activities as an independent dry bulk shipping company and the steps leading to its merger with CMB.TECH. Investors examining the evolution of the company’s capital structure, corporate actions, or the background of the CMB.TECH group may find GOGL’s historical record useful.

Any current investment exposure that was previously obtained through GOGL would, according to the merger terms, have transitioned into holdings of CMB.TECH ordinary shares for shareholders who participated in the merger exchange. For up-to-date information on the ongoing maritime business that includes Golden Ocean’s former fleet and operations, users should consult disclosures made by CMB.TECH under its own ticker symbol.