Emerging Markets Report: Catch Up

Rhea-AI Summary

GoLogiq, Inc. (GOLQ), a mobile fintech solutions provider, is actively pursuing growth through major acquisitions. Recently, it entered into non-binding letters of intent to acquire 100% of Shape Super Australia PTY LTD, enhancing its service offerings in self-managed super funds, and Applied Positive Psychology Learning Institute (APPLI), which focuses on mental health and wellbeing. Both acquisitions are expected to close in Q2 2023. Interim CEO Brent Suen emphasized the company’s commitment to shareholder value and transparency, while also updating on the status of shares post-spin-off from Logiq, Inc. GoLogiq also appointed Mitchell Savage as Chief Marketing Officer, aiming to enhance its marketing strategies. The company anticipates a potential listing on NYSE American, which could increase investor interest and improve liquidity for shareholders.

Positive

• Entered into letters of intent to acquire Shape Super Australia and APPLI, expected to close in Q2 2023.
• Acquisitions aim to enhance service offerings and shareholder value.
• Appointment of Mitchell Savage as CMO to bolster marketing efforts.
• Potential listing on NYSE American to attract new investors.

Negative

• Current shares are not eligible for unrestricted trading due to unmet SEC requirements.

An Emerging Markets Sponsored Commentary

ORLANDO, Fla., April 25, 2023 (GLOBE NEWSWIRE) -- Last month, we reported that GoLogiq, Inc. (“GoLogiq” or the “Company”) (OTC: GOLQ), a global provider of mobile fintech solutions for digital transformation and consumer data analytics, was “unstoppable” after several successful acquisitions. GoLogiq is still making major business moves, so here is an update on what the Company is up to lately.

Speaking of acquisitions, GoLogiq recently entered into a non-binding letter of intent to acquire 100% of Australian-based Shape Super Australia PTY LTD (“Shape”), a prominent manager and administrator of self-managed super funds (SMSFs). Should GoLogiq be successful in acquiring Shape, the services offered by the Company’s subsidiary, GENFI Financial Group will be expanded, enabling its accountants and advisors to take advantage of the specialist management and administration services offered by Shape. Additionally, the acquisition, if successful, will provide GoLogiq with a homogeneous approach to services offered, resulting in more optimal outcomes for clients. The transaction is expected to close in the second quarter of 2023.

GoLogiq also announced earlier this month that the Company has entered into a non-binding letter of intent to acquire 100% of Sydney-based Applied Positive Psychology Learning Institute (APPLI). APPLI is a global organization that helps people and organizations make positive and sustainable change in mental health and wellbeing through a diverse range of products and services. These include online and blended learning courses, strategic consulting, research and development services, and bespoke wellbeing programs for many industries, including the financial sector. This transaction is expected to close in the second quarter of 2023, as well.

GoLogiq prioritizes its shareholders and aims to keep them in the loop. Earlier this month, the Company provided an update to shareholders who received shares in GoLogiq as the result of GoLogiq’s spin off from Logiq, Inc. (LGIQ) last year and which are not currently eligible for restriction removal since the Company has not yet met all SEC requirements to permit such removal. GoLogiq interim CEO, Brent Suen, stated, “We very much appreciate the participation and support of all of our shareholders as we’ve worked diligently to add shareholder value over the past year. While Rule 144 technically provides the ability to remove the trading restriction, we recognize it does not guarantee liquidity nor a fair market value for the shares. These are among the important reasons we have taken a two-fold approach to deliver both shareholder value and create a path to more a liquid and favorable market for shareholders.” The Company believes that its acquisition of GammaRey in March has already been extremely beneficial to the shareholder value of GoLogiq and that the journey is only beginning.

Lastly, and most recently, GoLogiq appointed Mitchell Savage to the new position of Chief Marketing Officer. Mr. Savage is an industry veteran with more than 24 years of experience in marketing, sales, strategic planning, business development and operations. Along with being proficient at aligning teams to fulfill revenue and operational goals, he has also proven to be a successful entrepreneur and executive leader, having launched and led six startups of his own, several of which had significant M&A exits. GoLogiq is confident that Mr. Savage will provide great marketing insights and contributions to the company.

Comments Suen, “We are confident that we’ve established a company with a solid foundation of assets, both financial and human, and with an exciting growth strategy to be executed over the next year and beyond. We anticipate a possible listing on NYSE American would bring many benefits to our shareholders, including a whole new world of investors and equity analysts discovering a business that we expect to materially increase financial assets and revenue under advisement or management. We believe this transformational journey has only just begun to unlock tremendous shareholder value.”

For more on GoLogiq Inc. visit: https://gologiq.com/

About GoLogiq, Inc.:
GoLogiq, Inc. provides mobile solutions for digital transformation and financial inclusion in Southeast Asia and emerging markets. Its software platforms include CreateApp, a mobile app development and publishing platform for small business; AtozGo, a hyper-local app-based delivery system for ordering and fulfillment needs of residential and office towers; and AtozPay, an eWallet for mobile top-up, e-commerce purchases, bill payment, and microfinance in Indonesia.

About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

For more informative reports such as this, please sign up at: https://emergingmarketsconsulting.com/

Must Read OTC Markets/SEC policy on stock promotion and investor protection

• https://www.otcmarkets.com/learn/policy-on-stock-promotion
• https://www.otcmarkets.com/learn/investor-protection
• https://www.sec.gov/news/press-release/2017-79
• https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html

Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described below.

EMC has been paid $75,000 and 300,000 restricted common stock shares by GoLogiq, Inc. and has been paid an additional $25,000 by Lynette Hannahs on behalf of GoLogiq, Inc. EMC does not independently verify any of the content linked-to from this editorial. https://emergingmarketsconsulting.com/disclaimer/

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FAQ

What are the latest acquisitions by GoLogiq (GOLQ)?

GoLogiq has entered into letters of intent to acquire Shape Super Australia PTY LTD and Applied Positive Psychology Learning Institute (APPLI), expected to close in Q2 2023.

What is the expected impact of GoLogiq's potential NYSE American listing?

The potential listing on NYSE American is anticipated to attract new investors and improve liquidity for shareholders.

Who is the new Chief Marketing Officer of GoLogiq (GOLQ)?

Mitchell Savage has been appointed as the Chief Marketing Officer, bringing over 24 years of experience.

When will GoLogiq's acquisitions close?

The acquisitions of Shape and APPLI are expected to close in the second quarter of 2023.

What challenges does GoLogiq (GOLQ) face with its stock?

Currently, GoLogiq shares are not eligible for unrestricted trading due to unfulfilled SEC requirements.