GoLogiq’s GammaRey merger paves the way for two potential major FinTech acquisitions with combined assets under management exceeding $10 billion

NEW YORK, March 09, 2023 (GLOBE NEWSWIRE) — GoLogiq, Inc. (OTC:GOLQ), a US-based global provider of fintech and consumer data analytics, reports that the recently completed merger with GammaRey has enabled the company to reach pursue two major fintech acquisition targets. The targets have a combined total of more than $10 billion in assets under management managed by more than 200 financial advisors.

GammaRey brought GoLogiq a profitable business with strong cash flow driven by an estimated $20 million in annual revenue, plus nearly $800 million in customer financial assets. In addition, it introduced a pipeline of highly attractive accretive and/or technology-enabling acquisition targets.

“Now with our merger with GammaRey complete, our expanded team has now turned its focus to additional complementary acquisitions in the pipeline,” said GoLogiq Interim CEO, Brent Suen. “Because GammaRey is now part of GoLogiq as a public company, it is now in a better position to pursue two existing M&A targets that together have more than $10 billion in client assets under management and two decades of success. Successful M&A transactions with these two prospects will further strengthen our competitiveness, while providing increased earnings on a combined basis.”

GoLogiq’s expanded platform addresses the high-growth wealth management market for Generation Z and Millennials. This new generation of wealth builders represents the sharing economy that prefers digital banking solutions, such as virtual payments, online lending and points-based loyalty programs.

GoLogiq also recently announced it entered into a $30 million definitive merger agreement with Nest Egg, which will soon launch a new simplified retirement investing app. The app offers a streamlined AI-powered solution for discovering, planning and automating retirement savings, including investment products and services offered by Nest Egg’s FINRA-licensed broker-dealer.

“We expect Nest Egg to not only enhance our value proposition for potential Generation Z and Millennial customers,” Suen continued, “but also for these two complementary acquisition goals we are pursuing. We can see Nest Egg’s technology platform having a tremendously positive impact on their growth and global market opportunities.”

GoLogiq also recently reported that it has begun the process of applying for listing on a senior US stock exchange. The listing will be subject to approval based on several factors, including satisfaction of minimum listing requirements. The company believes it meets the quantitative requirements, including net equity and market value.

GoLogiq believes it also satisfies the reporting and management requirements for the stock market listing. It fully reports to the US Securities and Exchange Commission and it recently appointed two highly experienced independent directors establishing a majority of independent directors on the board.

About GoLogiq


GoLogiq Inc. is a US-based global provider of fintech and mobile solutions for digital transformation and consumer data analytics. The software platforms consist of CreateApp, a mobile app development and publishing platform for small and medium-sized businesses; AtozGo™, a ‘hyperlocal’ app-based delivery platform; AtozPay™, an e-wallet for mobile top-up, e-commerce purchases, bill payments and microfinance; and Radix™, a Big Data analytics platform. Visit the company at gologiq.com or follow on twitter: $GOLQ and @gologiq.

Important warnings Read forward-looking statements


This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This press release also contains forward-looking statements and forward-looking information within the meaning of US securities laws that relate to GoLogiq’s current expectations and views on future events. Any statement that expresses, or involves discussion of, expectations, beliefs, plans, goals, assumptions, or future events or performance (often, but not always, through the use of words or expressions such as “will likely result,” “expected to,” ” expects”, “will continue”, “anticipated”, “anticipates”, “believes”, “estimates”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlooks”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that may cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct, and such forward-looking statements included in this press release should not be unduly relied upon.

These statements apply only as of the date of this press release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond GoLogiq’s control, which could cause actual results and events to differ materially from those disclosed in or implied by such. forward-looking statements. In particular and without limitation, this press release contains forward-looking statements regarding our products and services, the use and/or ongoing demand for our products and services, expectations regarding our revenues and the revenue generation potential of our products and services, our partnerships and strategic alliances, the impact of global pandemics ( including COVID-19) on the demand for our products and services, industry trends, general market growth, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, our ability to apply for and meet the listing standards and approvals for Nasdaq, NYSE or other senior stock exchange, our ability to find and complete any contemplated strategic transactions, our ability to complete a merger or acquisition with Nest Egg Investments, or other entity, any approval of the merger or acquisition with Nest Egg Invest ments or other entity of the Financial Industry Regulatory Authority (FINRA), any regulatory approval required by Nest Egg Investments subsidiary BeyondTrade Securities, Inc.’s pending name change to Nest Egg Securities, Inc., the structure of such transaction, the timing of such transaction , and the valuation of the businesses after the completion of such transaction, if any, and other risks described in the company’s previous press releases and in its filings with the Securities and Exchange Commission (SEC) including its annual report on Form 10-K and any subsequent public filings. The Nest Egg Investment transaction discussed herein is subject to mutual deliveries and other closing conditions, and this transaction has not closed as of the date of this press release.

GoLogiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for GoLogiq to predict all, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause the results to differ materially from those contained in any forward-looking statement. Any forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement.

GoLogiq connector:


Brent Suen

Interim CEO

GoLogiq, Inc.

Email contact

GoLogiq Investor Relations:


Ron Both

CMA Investor Relations

Tel. (949) 432-7566

Email contact

GoLogiq Media & ESG contact:


Tim Randall

CMA Media Relations

Tel. (949) 432-7572

Email contact