Cicada Tech and Linkage Global announced the signing of a non-binding acquisition letter of intent

On-chain asset management platform Cicada Tech and Nasdaq-listed company Linkage Global announced the signing of a non-binding merger intention letter and issued a 6-K announcement this week.

According to the transaction, Linkage Global plans to acquire 100% of Cicada's equity for a total consideration of $60 million, of which $3 million will be paid in cash, and the remaining amount will be paid through the issuance of Linkage Global Class A common stock. Mr. Gary Yang, founder of Cicada Tech, stated that the world will rapidly enter a new financial environment, with asset management and investment undergoing a paradigm shift. Cicada combines rich crypto experience with over 15 years of professional financial management expertise to fully develop RWA financial blue chips and build a future-oriented on-chain asset management industry.