# EDGAR Filing Document

**Accession Number:** 0001746278
**File Stem:** 0001213900-23-002009
**Filing Date:** 2023-1
**Character Count:** 37900
**Document Hash:** 8f7030ec0ab06d49766b3f013e1811bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-002009.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001213900-23-002009

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230109

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GoLogiq, Inc.
- **CENTRAL INDEX KEY:** 0001746278
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 352618297
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-231286
- **FILM NUMBER:** 23521120

**BUSINESS ADDRESS:**
- **STREET 1:** 85 BROAD STREET, 16-079
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 8088291057

**MAIL ADDRESS:**
- **STREET 1:** 85 BROAD STREET, 16-079
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOVARRA
- **DATE OF NAME CHANGE:** 20180712

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 9, 2023**

**GoLogiq, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **NV** | **333-210544** | **35-2618297** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

---

| |
|:---|
| **85 Broad Street, 16-079**<br> **New York, NY 10004** |
| (Address of Principal Executive Offices) |

---

**(808) 829-1057**

Registrant's telephone number, including area code

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On January 9, 2023, GoLogiq, Inc. (the "Company") entered into a binding letter of intent (the "LOI"), with Nest Egg Investments, LLC, a Delaware limited liability corporation ("Nest Egg") and members of Nest Egg (the "Members") for a potential transaction pursuant to which the Company would acquire 100% of the outstanding membership interests of Nest Egg (the "Acquisition") from the Members in exchange for shares of common stock of the Company having a value of approximately $30 million immediately following such exchange.

The parties intend that the closing of the Acquisition occur as soon as practicable after the execution of the definitive transaction documents (the "Definitive Documents"), but not later than March 31, 2023, unless otherwise mutually agreed in writing by the parties. Closing of the Acquisition would be subject to a number of conditions, including but not limited to, approval of the Acquisition by the shareholders of the Company and members of Nest Egg, obtaining necessary third-party approvals, including, without limitation, FINRA approvals, and no material adverse change occurring in the Company or Nest Egg. Despite the binding nature of the LOI, the LOI may be terminated by either Party without any liability to the other party if the Definitive Documents have not been negotiated, executed and delivered on or before February 28, 2023. Once executed, the Definitive Documents shall supersede this LOI in its entirety, except to the extent otherwise provided in the Definitive Documents.

The parties have agreed to an exclusivity period until March 31, 2023, during which negotiations leading to the execution of Definitive Documents shall be undertaken in good faith and in a mutually exclusive manner and that neither party will circumvent the other during such negotiations.

The foregoing description of the Letter of Intent does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter of Intent attached thereto, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated in this Item 8.01 by reference.

This current report on Form 8-K is issued in accordance with Rule 135c under the Securities Act, and is neither an offer to sell any securities, nor a solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This Current Report on Form 8-K contains statements concerning the timing of the closing of the Acquisition, as well as other expectations, plans, goals, objectives, assumptions or information about future events, conditions, results of operations or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. In addition to other assumptions identified in this Current Report on Form 8-K, assumptions have been made regarding, among other things, the completion of the Definitive Documents, the Company's, Nest Egg's and the Members' due diligence review and the receipt of applicable shareholder/member and third party approvals.

Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct.

Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties include the risks that the conditions to the Acquisition will not be satisfied or the Acquisition will not close on the terms expected.

The forward-looking statements or information contained in this Current Report on Form 8-K are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

**Item 7.01 Regulation FD Disclosure.**

On January 10, 2023, the Company issued a press release regarding entry into the LOI. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filings under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1 | [Letter of Intent, dated January 9, 2023, by and among GoLogiq Inc., Nest Egg Investments LLC.. and Members of Nest Egg Investments LLC.\*](ea171482ex2-1_gologiq.htm) |
| 99.1 | [Press release, dated January 10, 2023.](ea171482ex99-1_gologiq.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* The copies of the Agreement filed herewith have been redacted to remove certain confidential information. We intend to file a confidential treatment request with the Commission regarding this information and/or include such information by amendment to this Form 8-K.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  | **GoLogiq, Inc.** | **GoLogiq, Inc.** | **GoLogiq, Inc.** |
| Date: January 10, 2023 | By: | /s/ Brent Suen | /s/ Brent Suen |
|  |  | Name: | Bren Suen |
|  |  | Title: | Chief Executive Officer |

---

## Exhibit 2.1

**Exhibit 2.1**

**GOLOGIQ, INC.**

**<u>LETTER OF INTENT</u>**

January 9, 2023

Mr. Trent McKendrick

Nest Egg Investments, LLC

9255 W Sunset Blvd, Floor 11

West Hollywood, CA, 90069

Attention: Mr. Trent McKendrick

Re: Business Combination Transaction

Dear Mr. McKendrick:

This binding Letter of Intent (the "**LOI**") sets forth our intentions with respect to the principal terms and conditions of a proposed transaction (the "**Transaction**", as defined in Section 1) among:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GoLogiq, Inc., a corporation organized under the laws of the State of Nevada ("**GoLogiq**"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nest Egg Acquisition Corp., a yet to be formed wholly-owned subsidiary of GoLogiq incorporated under the laws of the State of Delaware ("**Acquisition**"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Nest Egg Investments, LLC, a Delaware limited liability corporation ("**Nest Egg**"), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the equity holders of Nest Egg (the "**Nest Egg Holders**").

GoLogiq, Acquisition, Nest Egg and the Nest Egg Holders are collectively referred to as the "**Parties**" and individually as a "**Party**."

This LOI is intended to create binding legal and contractual obligations of the Parties with respect to matters set forth herein, and upon the breach by a Party of its obligations in any material respect, the injured Party shall have such rights and remedies with respect thereto as are available to it under applicable law.

Upon execution and acceptance of this LOI by Nest Egg and GoLogiq, the following terms and conditions are proposed to be reflected in a Merger Agreement, as that term is defined herein, subject to further exchange of information, due diligence reviews, legal review, and good faith commercial negotiations to be conducted between us:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Transaction Terms**. On the terms and subject to the terms of Sections 1(b) and 1(c), and Section 7, and the conditions to be set forth in the Merger Agreement (as defined in Section 3 hereof):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GoLogiq shall arrange for the incorporation and establishment of Acquisition,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Acquisition shall merge with and into Nest Egg, or a newly-formed holding company of Nest Egg, so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Nest Egg (or the newly-formed holding company of Nest Egg) is the surviving entity,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the separate existence of Acquisition shall cease,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Nest Egg becomes a wholly-owned subsidiary of GoLogiq, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all of the Nest Egg equity held by the Nest Egg Holders shall be converted into or exchanged for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the right to receive a number of newly-issued restricted shares (the "**Merger Shares** ")
of GoLogiq common stock, par value $0.001 par value per share (the "**GoLogiq Common Stock** "), equal to $30 million worth
of GoLogiq Common Stock,

to be issued or granted to the Nest Egg Holders in accordance with their pro rata ownership of Nest Egg (the "**Consideration**");

(these elements and outcomes being collectively, the "**Transaction**").

Following the closing of the Transaction, Nest Egg shall become a wholly-owned subsidiary of GoLogiq.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parties will use their best efforts so that the Transaction qualifies as a reorganization and tax-free exchange under Section 368(b) and/or Section 351 of the Internal Revenue Code of 1986, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Following the Transaction, it is anticipated that GoLogiq or a subsidiary of GoLogiq shall sell or wind-down certain of its assets (the "**Transfer**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Following the closing of the Transaction, it is proposed that GoLogiq will apply to up-list to the NYSE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. Exclusivity.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Nest Egg covenants and agrees that during the period from the date of acceptance by Nest Egg of the terms of this LOI until March 31, 2023 (the "**Exclusivity Period**") it shall not engage, or make any agreement or arrangement, with any other party (whether on a solicited or unsolicited basis) in relation to any potential agreement, arrangement or transaction which is directly or indirectly comparable to the Transaction, or would prevent or impede or otherwise negatively impact the ability of the Parties to proceed with and consummate the Transaction on the terms contemplated in this LOI.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. Definitive Merger Agreement**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties have engaged in negotiations and reached agreement in principle to enter into a definitive merger agreement (the "**Merger Agreement**") to reflect the Transaction. The terms and conditions herein set forth the agreement of the Parties in principal with respect to the Transaction, and will form the basis of the Merger Agreement. The Merger Agreement will contain mutually agreeable terms and conditions consistent with this Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Parties shall use commercially reasonable efforts to complete negotiations and execute the Merger Agreement as quickly as reasonably possible. The Transaction shall be subject to and conditioned upon the negotiation, execution and delivery of the Merger Agreement between GoLogiq, Acquisition, and Nest Egg and the Nest Egg Holders (if required), subject to and containing the basic terms and conditions set forth herein, together with such other representations, warranties, covenants, terms, indemnities, and conditions as would be usual and customary for a transaction of such nature and which are mutually agreeable to the parties, including, without limitation, the making of all necessary filings and the obtaining of all necessary approvals or consents from third parties required to consummate the proposed Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Until the Merger Agreement is executed, the Parties agree that the provisions of this LOI shall govern their relationship. Upon execution and delivery of the Merger Agreement, this LOI shall be superseded thereby and the rights and obligations of the Parties with respect to the Transaction shall thereafter be governed by the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Closing of the Transaction (the "**Closing**") shall be subject to the satisfaction of the conditions set forth in Section 9 hereof and elsewhere herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. Closing Date**. As soon as reasonably practicable after the execution of this LOI, the Parties will collaborate to mutually agree on a detailed target timeline for all steps and tasks required to execute the Merger Agreement and complete the Closing. The target dates referred to in this LOI are indicative, and are subject to the agreement of the detailed target timeline.

The Closing will occur no later than three business days after the satisfaction of all conditions to Closing stated in the Merger Agreements but not later than March 31, 2023, unless otherwise mutually agreed in writing. The date on which the Closing occurs is referred to in this LOI as the "**Closing Date**."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. Termination**. This LOI may be terminated by either Party without any liability to the other party if the Merger Agreement has not been negotiated, executed and delivered on or before February 28, 2023. Once executed, the Merger Agreement shall supersede this LOI in its entirety, except to the extent otherwise provided in the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. Access to Records**. For so long as negotiations with respect to the proposed Transaction are pending and have not been terminated by either Party, and subject to Section 7, each Party shall have reasonable access to the other Party's books and records for purposes of evaluating the other Party's assets, liabilities, financial condition and prospects and the validity of the representations and warranties made by the other Party and their respective shareholders in the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7. Confidentiality**. Subject to this Section 7, each Party will keep confidential:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the existence and terms of this LOI, any drafts of the Merger Agreement and any other documents and correspondence created or exchanged in relation thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all information and materials regarding the other Parties provided to it pursuant to Section 7.

("**Confidential Information**").

Each Party covenants and agrees that it shall not directly or indirectly, in whole or in part, disclose any Confidential Information to any third parties, except in the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each Party shall be entitled to disclose Confidential Information to its group members, and its and their respective officers, employees, shareholders, professional advisers, financiers, agents, delegates or contractors on a "need to know" basis strictly for the purposes of this LOI and the furtherance of the Transaction, but for no other purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each Party shall be entitled to disclose Confidential Information to any other third party with the express prior written approval of the other Party, provided that it is only disclosed in accordance with the scope and terms of that approval; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) each Party shall ensure that any party to which it discloses any Confidential Information in accordance with paragraph (a) or (b) above is under obligations of confidentiality equivalent to those set out in this LOI.

The provisions of this Section 8 shall not apply to any information which is or shall become part of the public domain through no fault of the Party subject to the obligation from a third party with a right to disclose such information free of obligation of confidentiality.

The Parties agree that no public disclosure will be made by either Party of the existence of the proposed Transaction or the contents of this LOI or any of its terms without first advising the other Party and obtaining its prior written consent to the proposed disclosure, unless such disclosure is required by law, regulation or stock exchange rule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8. Certain Covenants**. The Parties shall cooperate in good faith to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) arrive at the most advantageous tax structure of the Transaction for GoLogiq, Acquisition, Nest Egg and the Nest Egg Holders as will be provided for in the Merger Agreement, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) negotiate and agree on any appropriate lock-up terms (if any) for the shares of GoLogiq to be held by new Nest Egg Holders after Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) commit best efforts to facilitate the Concurrent Raise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. Conditions**. The Merger Agreement will contain provisions to the effect that the Closing will be subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. *Conditions to be satisfied in order for GoLogiq to proceed to Closing:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Complete and satisfactory due diligence review of Nest Egg by GoLogiq;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Approval of the Transaction by the Board of Directors of GoLogiq;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. There shall have been no material adverse changes in Nest Egg, financial or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Approval of the Transaction by the Board of the Directors of Nest Egg and the Nest Egg Holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Any necessary third-party consents shall be obtained prior to Closing, including but not limited to consents
necessary from Nest Egg's lenders, creditors, vendors, lessors, etc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. All other documents and instruments supplementary
to the Merger Agreement which are necessary or reasonably required to complete and consummate the Transaction must have been completed
at Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Other reasonable conditions (if any) as mutually agreed between GoLogiq and Nest
Egg must have been complied with or fulfilled .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. *Conditions to be satisfied in order for Nest Egg to proceed to Closing:* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Complete and satisfactory due diligence review of GoLogiq by Nest Egg;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. GoLogiq shall qualify as an "operating company" as at Closing for the purposes of the applicable
SEC regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. There shall have been no material adverse changes in GoLogiq's financial condition until Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Approval of the Transaction must have been confirmed in writing by the Board of Directors of Nest
Egg and the Nest Egg Holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. All other corporate consents and approvals must have been obtained as required by Nest
Egg's policies and procedures ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. GoLogiq shall have obtained the necessary Board approval and shareholder approvals for the Transaction
(if necessary) prior to Closing and shall have put any necessary regulatory approvals regarding such in process;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Other than regulatory approvals which may be in process, any other necessary third-party consents shall
have been obtained prior to Closing, including but not limited to consents necessary from GoLogiq's lenders, creditors, vendors,
lessors, etc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. All other documents and instruments supplementary
to the Merger Agreement which are necessary or reasonably required to complete and consummate the Transaction must have been completed
at Closing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Other reasonable conditions (if any) as mutually agreed between GoLogiq and Nest
Egg must have been complied with or fulfilled .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. Expenses.** Each Party will bear its own costs, fees and expenses in connection with the preparation, review, negotiation and implementation of this LOI, the Merger Agreement and Closing unless otherwise agreed between the Parties in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. No Public Announcement**. This letter and the Transaction contemplated in this LOI not shall be the subject of a press release or other public announcement by unless and until the consent and timing of the same shall be approved by both GoLogiq and Nest Egg, in writing, or as otherwise required by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. Counterparts.** This LOI may be executed in one or more counterparts, whether electronically or by hand, each of which executed counterparts shall be deemed to be an original, and together shall be considered as one and the same document. This LOI shall come into force and effect when signed by or on behalf of both GoLogiq and Nest Egg.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. Acceptance.** If this LOI accurately sets forth your understanding of the proposed transaction with respect to the matters discussed above, please so indicate by executing a copy of this LOI below and returning the executed copy to the undersigned. If we have not received an executed counterpart of this LOI on or before January 11, 2022 at 5:00 PM EST, this LOI shall terminate automatically and be of no further force and effect.

---

| | | |
|:---|:---|:---|
| Very truly yours, | Very truly yours, | Very truly yours, |
| **GOLOGIQ, INC.** | **GOLOGIQ, INC.** | **GOLOGIQ, INC.** |
| By: |  |  |
|  | Name: | Brent Suen |
|  | Title: | Chief Executive Officer |

---

---

| | | |
|:---|:---|:---|
| **ACCEPTED AND AGREED** | **ACCEPTED AND AGREED** | **ACCEPTED AND AGREED** |
| this 9<sup>th</sup> day of January 9, 2022 | this 9<sup>th</sup> day of January 9, 2022 | this 9<sup>th</sup> day of January 9, 2022 |
| **NEST EGG INVESTMENTS, LLC** | **NEST EGG INVESTMENTS, LLC** | **NEST EGG INVESTMENTS, LLC** |
| By: |  |  |
|  | Name: | Trent McKendrick |
|  | Title: | Executive Director |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**GoLogiq to Acquire Nest Egg for $30 Million, Adding Wealth-Building Platform for Gen Zs and Millennials**

**New York, NY, Jan. 10, 2023 (GLOBE NEWSWIRE)** – GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, has signed a binding letter of intent to acquire privately-held Nest Egg Investments in an all-stock transaction valued at $30 million.

Nest Egg offers a streamlined mobile solution for discovering, planning, and automating retirement savings, with investment products and services offered by its subsidiary, Nest Egg Securities, a FINRA licensed broker dealer.

Under the terms of the proposed merger, GoLogiq would acquire Nest Egg Investments as a wholly owned subsidiary in an all-stock transaction. GoLogiq would issue Nest Egg shareholders shares of GoLogiq common stock valued at $30 million in exchange for 100% of Nest Egg and its subsidiaries.

The proposed transaction builds upon GoLogiq's recently announced $320 million definitive merger agreement with GammaRey, a fintech ecosystem for the new digital economy that features a commodity-backed digital currency, digital wallet, and proprietary transaction platform for securities, goods, and services; and $800 million in customer financial assets. The addition of Nest Egg, which had previously been an acquisition target of GammaRey, will enable GoLogiq to further leverage GammaRey's fintech ecosystem with offerings that address the high-growth market of wealth management for Generation Z and Millennials.

The financial wealth of Millennials and Gen Zs reportedly jumped 25% last year (higher than for Gen Xs and Baby Boomers), and their aggregate assets grew from $2.9 trillion to $3.6 trillion. Given this trend, Bain & Company has projected the wealth management market to double in size and exceed $500 billion by 2030. However, according to a recent survey, the median age of workers who begin saving for retirement has risen to 27, with 33% currently without any retirement savings plan.

Nest Egg addresses this need and large market opportunity with engaging investor education combined with simplified automated savings and investment tools—all conveniently provided on a secure Android or Apple mobile app. It delivers personalized investment strategies along with a simplified user experience for selecting or building portfolios and automating trade executions.

Nest Egg is backed by Tier 1 partnerships that include banking and payment services. A leading financial technology provider, Nest Egg has a clearing and custody arrangement with Velox Clearing LLC. Nest Egg also includes Plaid, a financial services data network that powers the fintech tools used by millions of users, and provides solutions that help users contribute to their IRAs through everyday spending.

The Nest Egg app is presently in beta release and is anticipated to officially launch later this month. For the launch, Nest Egg plans to leverage its affiliation with four other mobile apps which have about 190,000+ active accounts and growing.

"Retirement investing today has been consumed by scale, not innovation," said Trent McKendrick, CEO of Nest Egg who plans to join GoLoqiq following the merger. "In contrast, we believe our simplified investment app has the potential to help millions of millennials save and invest every day. Becoming part of GoLogiq as a public company supports our mission with greater access to capital, as well as benefit from the long-anticipated synergies we had envisioned through partnering with GammaRey."

GoLogiq interim CEO, Brent Suen, commented: "Our strong roots in mobile app development, e-commerce, and bill payment and now the addition of GammaRey, makes Nest Egg a great fit. We anticipate Nest Egg's highly capable and accomplished executive team will help us realize our greater vision of a comprehensive fintech platform that supports underserved businesses and consumers across the U.S. and around the world."

"We see huge opportunities as we look to integrate the powerful complementary fintech solutions of GoLogiq, Nest Egg and GammaRey," added Suen. "We anticipated the completion of these transactions will help set the stage for strong growth and profitability in the new year."

The parties anticipate the Nest Egg acquisition will close in the current first quarter of 2023. While the transaction is expected to be completed as anticipated, a definitive agreement has not yet been signed and no assurances can be given that the transaction will be completed as described.

Additional details regarding the planned transaction is expected to be made available with the anticipated definitive agreement, which would be filed as a Form 8K with U.S. Securities and Exchange Commission on www.sec.gov as well as available in the investor section of GoLogiq's website.

**About Nest Egg**

Nest Egg has introduced a simplified retirement investing app for discovering planning and automating retirement investment strategies. It offers investment products through its subsidiary, Nest Egg Securities, a FINRA-licensed broker dealer. To learn more, visit www.nestegg.app.

**About GoLogiq**

GoLogiq Inc. is a US-based global provider of fintech and mobile solutions for digital transformation and consumer data analytics currently focused on Southeast Asia. Its software platforms are comprised of CreateApp, a mobile app development and publishing platform for small-to-medium sized businesses; AtozGo™, a 'hyper-local' app-based delivery platform; AtozPay™, an eWallet for mobile top-up, e-commerce purchases, bill payment and microfinance; and Radix™, a Big Data analytics platform. Visit the company at gologiq.com or follow on twitter: $GOLQ and @gologiq.

**GoLogiq Safe Harbor Statement**

These statements speak 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 that are 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 revenue 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, overall market growth rates, our growth strategies, the continued growth of the addressable markets for our products and solutions, our business plans and strategies, our ability to apply to and meet the listing standards and approvals for Nasdaq, NYSE, or other senior exchange, our ability to successfully locate and consummate any contemplated strategic transactions, our ability to successfully complete a merger or acquisition with Nest Egg Investments or other entity, any approval of the merger or acquisition with Nest Egg Investments or other entity by the Financial Industry Regulatory Authority (FINRA), the structure of any such transaction, timing of such transaction, and the valuation of the businesses after completion of any such transaction, if any, and other risks described in the Company's prior 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.

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 of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

**GoLogiq Contact:**

Brent Suen

Interim CEO

GoLogiq, Inc.

Email Contact

**GoLogiq Investor Relations:**

Ron Both

CMA Investor Relations

Tel (949) 432-7566

<u>Email contact</u>

**GoLogiq Media & ESG Contact:**

Tim Randall

CMA Media Relations

Tel (949) 432-7572

<u>Email contact</u>