Linkage Global pursues $60M acquisition of blockchain asset tokenizer Cicada Tech

Linkage Global (LGCB [https://seekingalpha.com/symbol/LGCB]) has signed a non-binding letter of intent [https://seekingalpha.com/pr/20324515-linkage-global-inc-signs-non-binding-letter-of-intent-to-acquire-on-chain-asset-management] (LOI) with Cicada Tech Limited to potentially acquire 100% of the equity interest in the blockchain firm, for an aggregate consideration of $60 million.

Cicada Tech is primarily engaged in tokenizing real-world assets (RWAs) into liquid on-chain yield instruments.

The payment structure, as outlined in the LOI, involves a mix of cash and stock: Cash payment of $3 million. The remaining consideration will be satisfied through the issuance of Linkage Global Class A ordinary shares.

"The opportunity to integrate Cicada Tech’s product and service offering, if the proposed acquisition will be completed, will give Linkage Global an operational platform to convert high‑quality real‑world assets into liquid, yield‑bearing tokens, and will support Linkage Global’s efforts to expend its addressable asset base and to create new, recurring fee streams beyond conventional equity transactions,” said Yang (Angela) Wang, CEO of Linkage Global.

The completion of this proposed acquisition is subject to several standard conditions. Furthermore, the transaction requires the successful negotiation and execution of a definitive purchase agreement, receipt of all necessary regulatory and third-party approvals, and the absence of any material adverse change.

Consequently, the company cautions that there is no guarantee the transaction will be completed on the terms outlined in the LOI or at all.

MORE ON LINKAGE GLOBAL

* Seeking Alpha’s Quant Rating on Linkage Global [https://seekingalpha.com/symbol/LGCB/ratings/quant-ratings]
* Financial information for Linkage Global [https://seekingalpha.com/symbol/LGCB/income-statement]