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 acquisition, and a 6-K announcement was issued this week. According to the deal, 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 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 paradigm shifts occurring in both asset management and investment. Cicada combines extensive crypto experience with over 15 years of professional financial management credibility, and will make every effort to build RWA financial blue chips and create an on-chain asset management industry for the future.
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