Cicada Tech and NASDAQ-listed company Linkage Global announce signing of non-binding merger intent letter

PANews, December 3 – On-chain asset management platform Cicada Tech and NASDAQ-listed company Linkage Global have announced the signing of a non-binding letter of intent for a merger, and a 6-K announcement was issued this week. According to the transaction, Linkage Global plans to acquire 100% equity of Cicada for a total consideration of $60 million, of which $3 million will be paid in cash and the remainder will be paid by issuing Linkage Global Class A common shares. Mr. Gary Yang, founder of Cicada Tech, stated that the world is entering a new financial environment at an extremely rapid pace, with both asset management and investment undergoing a paradigm shift. Cicada combines extensive crypto experience with over 15 years of professional financial management expertise, and is fully committed to creating RWA financial blue-chip assets and building an on-chain asset management industry for the future.