GoLogiq, Inc. (OTCPK:GOLQ) entered into a non-binding letter of intent to acquire Shape Super Australia Pty Ltd on April 11, 2023. Final terms of the proposed acquisition are currently being negotiated, and it is envisaged that the transaction will incorporate a consideration mostly comprised of GoLogiq common shares. A definitive agreement has yet to be signed.

GoLogiq will engage in a management agreement with senior executive staff to ensure a continuity of management and service delivery. The transaction is expected to close in the second quarter of 2023.