GOGL Overview

Sanders' Warning on AI: Senator Bernie Sanders expressed concerns that artificial intelligence and robotics could become dangerous if they primarily benefit large tech companies, potentially eroding democracy and privacy while concentrating wealth and power.

Control Over AI: Sanders emphasized the importance of who controls AI, questioning whether investments from tech leaders like Elon Musk and Jeff Bezos are genuinely aimed at benefiting society, workers, or environmental initiatives.

Pope's Ethical AI Call: Sanders echoed Pope Leo XIV's remarks, advocating for the development of AI that protects human dignity and relationships, warning against allowing corporate interests to dominate the technology's evolution.

Big Tech Investments: The warning comes as major tech companies, referred to as the Magnificent Seven, are projected to invest nearly $400 billion in AI infrastructure this year, raising concerns about the implications of such concentrated financial power.

Merger Announcement: Golden Ocean Group Limited held a Special General Meeting on August 19, 2025, where shareholders approved the stock-for-stock merger with CMB.TECH Bermuda Ltd., making CMB.TECH the surviving entity.

Exchange Ratio: As part of the merger, each common share of Golden Ocean will be exchanged for 0.95 ordinary shares of CMB.TECH, with the closing of the merger expected on August 20, 2025.

Company Profiles: CMB.TECH is a diversified maritime group operating over 160 vessels and involved in hydrogen and ammonia fuel production, while Golden Ocean specializes in dry bulk cargo transportation with a fleet of around 90 vessels.

Forward-Looking Statements: The announcement includes caution regarding forward-looking statements, highlighting uncertainties that could affect the completion and timing of the merger, as well as other operational risks.

Special General Meeting Held: Golden Ocean Group Limited held a Special General Meeting on 19 August 2025 in Hamilton, Bermuda.

Merger Approval: Shareholders approved the stock-for-stock merger of Golden Ocean with CMB.TECH Bermuda Ltd., a subsidiary of CMB.TECH NV.

Share Exchange Ratio: Each outstanding common share of Golden Ocean will be exchanged for 0.95 ordinary shares of CMB.TECH as part of the merger.

Further Information: Additional details regarding the settlement and key dates for the merger can be found in Golden Ocean's stock exchange announcement dated 18 August 2025.

Merger Announcement: Golden Ocean Group Limited announced key dates for the completion of its merger with CMB.TECH NV, with trading in Golden Ocean shares set to end on 19 August 2025.

Special General Meeting: The merger is subject to approval from a Special General Meeting held today, which will finalize the merger process.

Company Overview: Golden Ocean is a Bermuda-based shipping company that specializes in transporting dry bulk cargoes, operating a fleet of 89 vessels with a total capacity of approximately 13.5 million deadweight tonnes.

Contact Information: For further inquiries, contact Peder Simonsen (CEO) or Randi Navdal Bekkelund (CFO) at Golden Ocean Management AS.

Merger Announcement: Golden Ocean Group Limited is merging with CMB.TECH Bermuda Ltd., with CMB.TECH as the surviving entity and issuer of merger shares.

Key Dates: The merger is expected to close on 20 August 2025, following a special general meeting on 19 August 2025, with trading in the combined company starting the same day.

Share Delivery Timeline: CMB.TECH shares will be delivered to former Golden Ocean shareholders on specific dates, with OSE deliveries on 22 August 2025 and NYSE deliveries on 21 August 2025.

Financial Reporting: Golden Ocean will not issue a separate Q2 2025 report; instead, its results will be included in CMB.TECH's Q2 2025 financial statements.

Validea's Upgrade on Golden Ocean Group: The stock rating for Golden Ocean Group Ltd (GOGL) has significantly improved from 0% to 90% based on Joseph Piotroski's value-quant strategy, indicating strong interest due to the company's solid financial fundamentals and valuation.

About Joseph Piotroski and Validea: Joseph Piotroski, an accounting professor, developed a successful stock-selection method that outperformed the S&P 500. Validea utilizes strategies from investment legends to provide stock analysis and model portfolios.