Gentoo Linux becomes an SPI associated project

The last question in the linked article answers this question. There is no change to the EU entity or to the project overall. The asset transfer being planned is only from their previous US entity which did not have full recognition in the US as a nonprofit.

Multiple other SPI associated projects also have relationships with EU nonprofits in addition to SPI. SPI does not demand exclusivity.

Disclaimer: I spent many years as an SPI officer and board member, so some of my comment is informed by that experience. But I am not currently involved in SPI activities or leadership in any way, and I have no knowledge of this particular news beyond the linked article.