Core Insights - Linkage Global Inc. has announced strategic intellectual property partnerships with ClickClack and VIBELENS at CES 2026, focusing on licensing its acoustic algorithms and smart wearable technologies for new headphone products [1][4] - The partnerships are expected to significantly enhance revenue growth for Linkage Global while fostering innovation in the headphone industry [1][4] Product Highlights - The ClickClack S7 all-scenario headphones and VIBELENS A35 bone-conduction camera headphones utilize Linkage Global's proprietary technology, breaking traditional headphone functionality boundaries [2][3] - The ClickClack S7 features aviation-grade titanium-magnesium-aluminum alloy drivers and advanced sound reproduction technology, delivering Hi-Fi sound quality [6] - The VIBELENS A35 integrates bone-conduction audio with a 2K camera, designed for extreme sports, and supports various functionalities including music playback and video recording [6] Financial Implications - Linkage Global will charge a patent licensing fee of USD 10 per unit sold, with expected retail prices for the products ranging from USD 150 to 200, indicating a strong potential for revenue generation [4] - The strategic partnerships are anticipated to significantly boost Linkage Global's future revenues through enhanced product offerings [4] Business Strategy - Linkage Global operates as a U.S.-listed company providing cross-border e-commerce services, leveraging its technological expertise to support partner brands [4] - The company's "ICH + Technology" strategy aims to promote Eastern aesthetics globally, supported by an efficient ERP system and robust supply-chain resources [5] Technological Innovations - The headphones support advanced features such as real-time translation in 134 languages, AI meeting transcription, and acoustic therapy modules, catering to diverse use cases [6] - The VIBELENS A35 offers a fast charge capability, providing 80% power in just 15 minutes, enhancing user experience for audio playback and video recording [6]

Core Points - Linkage Global Inc has successfully closed a private investment in public equity (PIPE) financing, raising approximately US$1,000,000 by issuing 689,655 Class A Ordinary Shares at US$1.45 per share [1][3] - The net proceeds from this financing will be utilized for general corporate purposes, including working capital and the expansion of cross-border sales operations [1][3] Company Overview - Linkage Global Inc is a holding company incorporated in the Cayman Islands, operating through subsidiaries in Japan, Hong Kong, and mainland China [4] - The company specializes in cross-border e-commerce integrated services, offering two complementary lines of business: cross-border sales and integrated e-commerce services [4]

Core Viewpoint - Linkage Global Inc has entered into a non-binding Letter of Intent to potentially acquire 100% of Cicada Tech Limited for $60 million, which includes $3 million in cash and the remainder in Linkage Global class A ordinary shares [1][2]. Group 1: Company Overview - Linkage Global Inc is a cross-border e-commerce integrated services provider headquartered in Japan, operating through subsidiaries in Japan, Hong Kong, and mainland China [5]. - The company has developed a comprehensive service system that includes cross-border sales and integrated e-commerce services [5]. Group 2: Acquisition Details - The proposed acquisition of Cicada Tech aims to allow Linkage Global to enter the on-chain asset management and RWA tokenization market, enhancing its strategic objectives [2]. - The acquisition is subject to customary financial, technical, and legal due diligence, as well as an independent appraisal of Cicada Tech's enterprise value [2][3]. - The transaction requires negotiation and execution of a definitive purchase agreement, regulatory approvals, and the absence of any material adverse changes [3]. Group 3: Cicada Tech Overview - Cicada Tech Limited specializes in tokenizing real-world assets into liquid, yield-bearing digital instruments, combining proprietary protocol engineering with multi-strategy quantitative portfolios [4]. - The firm emphasizes regulatory compliance and asset security through institutional custody partnerships and smart-contract audits, aiming to bridge traditional capital markets with decentralized finance [4].

Core Points - Linkage Global Inc has announced a private investment in public equity (PIPE) financing, issuing 689,655 Class A Ordinary Shares at a price of US$1.45 per share, resulting in total gross proceeds of approximately US$1,000,000 [1][2][3] - The PIPE is expected to close on or before December 3, 2025, subject to customary closing conditions [2] - The net proceeds from the offering will be used for general corporate purposes, including working capital needs and expansion of cross-border sales operations [3] Company Overview - Linkage Global Inc is a holding company incorporated in the Cayman Islands, operating through subsidiaries in Japan, Hong Kong, and mainland China, focusing on cross-border e-commerce integrated services [5] - The company has developed a comprehensive service system with two complementary lines of business: cross-border sales and integrated e-commerce services [5] Management Commentary - The CEO of Linkage Global, Yang (Angela) Wang, stated that the PIPE financing is a significant milestone for the company, enhancing its financial position and supporting its strategic objectives [4]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - rYojbaba Co., Ltd. (RYOJ) increased by 134% to $5.09 - Linkage Global Inc (LGCB) rose by 101% to $3.33 - MIRA Pharmaceuticals, Inc. (MIRA) gained 87% to $2.46 - Auddia Inc. (AUUD) went up by 23% to $2.54 - SOPHiA GENETICS SA (SOPH) increased by 16% to $4.99 - J.B. Hunt Transport Services, Inc. (JBHT) rose by 13% to $157.44 - AlphaVest Acquisition Corp (ATMV) increased by 11% to $13.09 - New Era Energy & Digital, Inc. (NUAI) went up by 10% to $3.71 - Critical Metals Corp. (CRML) rose by 9% to $24.80 - Blaize Holdings, Inc. (BZAI) increased by 9% to $6.90 [3] Premarket Losers - Fossil Group, Inc. (FOSL) decreased by 40% to $2.23 - Pinnacle Food Group Limited (PFAI) fell by 25% to $3.41 - American Battery Technology Company (ABAT) declined by 22% to $6.91 - Sadot Group Inc. (SDOT) dropped by 20% to $6.15 - TechCreate Group Ltd. (TCGL) decreased by 14% to $4.14 - PMGC Holdings Inc. (ELAB) fell by 13% to $6.43 - Arcadia Biosciences, Inc. (RKDA) decreased by 13% to $4.73 - ATIF Holdings Limited (ZBAI) dropped by 11% to $9.28 - Roma Green Finance Limited (ROMA) fell by 7% to $2.62 - Australian Oilseeds Holdings Limited (COOT) decreased by 6% to $2.46 [4]

Core Viewpoint - Linkage Global Inc has completed a strategic private placement to raise capital for growth initiatives in the cross-border e-commerce sector [1][5]. Group 1: Financing Details - The company has entered into a Securities Purchase Agreement for the issuance of senior unsecured convertible notes with an initial principal amount of $3.5 million [1]. - The initial closing is expected to yield gross proceeds of $2.7 million, with an additional $450,000 anticipated shortly after the effectiveness of a registration statement [2]. - The convertible notes were sold at 90% of their principal amount and are convertible into Class A ordinary shares at the holders' option [3]. Group 2: Future Capital Framework - The financing establishes a capital framework allowing for additional issuances of up to $26.5 million in principal amount of similar convertible notes in future tranches [4]. - These follow-on tranches are subject to customary conditions, including compliance with equity conditions and registration requirements [4]. Group 3: Strategic Rationale and Use of Proceeds - The CEO stated that this financing is a key milestone in the company's capital formation strategy, providing flexibility to advance its cross-border e-commerce platform [5]. - The net proceeds will be used for general corporate purposes, including the expansion of cross-border sales operations and integrated e-commerce service lines [5]. Group 4: Registration and Investor Protections - The company has entered into a Registration Rights Agreement and will file a resale registration statement with the SEC covering shares issuable upon conversion of the notes [6]. - While the notes are outstanding, the company is subject to customary investor protections, including restrictions on variable-rate securities and anti-dilution adjustments [7]. Group 5: Company Overview - Linkage Global Inc is a holding company incorporated in the Cayman Islands, operating through subsidiaries in Japan, Hong Kong, and mainland China, focusing on cross-border e-commerce integrated services [10].

Core Viewpoint - Linkage Global Inc reported a significant decline in total revenues and net loss for the first half of 2025, primarily due to a sharp drop in cross-border sales, while integrated e-commerce services showed substantial growth. Financial Performance - Total revenues decreased by approximately $1.30 million, or 27.02%, from approximately $4.80 million for the six months ended March 31, 2024, to approximately $3.50 million for the same period in 2025 [3] - Revenues from cross-border sales fell by approximately $3.74 million, or 82.35%, from approximately $4.54 million to approximately $0.80 million [4] - Revenues from integrated e-commerce services surged by $2.44 million, or 930.08%, from approximately $0.26 million to $2.70 million [5] Cost and Profitability - Cost of revenues fell 80.34%, from approximately $4.09 million to approximately $0.80 million, mainly due to reduced cross-border sales costs [7] - Gross profit increased by approximately $1.99 million, or 280.57%, from approximately $0.71 million to approximately $2.70 million, driven by the new fully managed e-commerce business [8] - Cross-border sales margin improved from 12.70% to 21.31%, while integrated e-commerce services margin rose from 50.67% to 93.56% [9] Operating Expenses - Operating expenses rose by 91.01%, from approximately $2.27 million to approximately $4.34 million, primarily due to higher general and administrative expenses [10] - Selling and marketing expenses dropped 31.15%, from approximately $0.23 million to approximately $0.16 million [11] Net Loss - Net loss increased by approximately $1.68 million, or 119.62%, from approximately $1.41 million to approximately $3.09 million [14] Other Financial Metrics - Non-operating income rose from $998 to approximately $0.39 million, while net interest expenses increased significantly from approximately $0.06 million to approximately $1.50 million due to the issuance of $10 million in convertible bonds [12] - Income tax provision decreased by approximately $0.56 million, resulting in approximately $0.34 million of tax expenses for the six months ended March 31, 2025 [13]

Company Overview - Linkage Global Inc is a cross-border e-commerce integrated services provider headquartered in Japan, with operations in Japan, Hong Kong, and mainland China [4] - The company has developed a comprehensive service system that includes cross-border sales and integrated e-commerce services, initially launching cross-border sales operations in 2011 [4] - Linkage sources products from Japanese and Chinese manufacturers and brands, along with its private label smart products, and provides digital marketing solutions in cooperation with Google [4] Compliance with Nasdaq - On April 23, 2025, Linkage Global Inc announced that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market [1] - The company received a notice from Nasdaq on October 31, 2024, indicating it no longer met the minimum bid price requirement, which necessitated maintaining a closing bid price of $1.00 or more for at least 10 consecutive business days [2] - Nasdaq confirmed that for the 10 consecutive business days from April 7, 2025, to April 22, 2025, the closing bid price of the company's Class A ordinary shares was at or above $1.00, thus closing the compliance matter [3]

Core Points - Linkage Global Inc has announced a share consolidation on a 10 for 1 ratio effective April 7, 2025, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq [1][2] - The share consolidation will result in each 10 ordinary shares automatically combining into one ordinary share, with no fractional shares issued [3] - Following the consolidation, the Company's authorized share capital will change from US$2,500,000 divided into 9,980,000,000 Class A ordinary shares to US$2,500,000 divided into 998,000,000 Class A ordinary shares, with the par value increasing from US$0.00025 to US$0.0025 [4] Company Overview - Linkage Global Inc is a holding company incorporated in the Cayman Islands, operating through subsidiaries in Japan, Hong Kong, and mainland China [5] - The Company specializes in cross-border e-commerce integrated services, with two main business lines: cross-border sales and integrated e-commerce services [5]

Financial Performance - Revenues decreased from $22.03 million in the fiscal year ended September 30, 2022, to $12.73 million in the fiscal year ended September 30, 2023, and further decreased to $10.29 million for the year ended September 30, 2024, primarily due to a decrease in cross-border sales[58]. - All revenue in digital marketing services for the fiscal years ended September 30, 2024, 2023, and 2022 came from Google commissions, amounting to $0.31 million, $1.53 million, and $3.95 million, respectively, representing approximately 3.03%, 11.99%, and 17.91% of total revenue for those years[67]. - The company has incurred related party expenses of $446,469, $1,728,398, and $1,424,460 for the fiscal years ended September 30, 2024, 2023, and 2022, respectively[105]. - The amounts due to related parties as of September 30, 2024, 2023, and 2022 were $314,544, $1,413,604, and $1,273,832, respectively[105]. - The company may face limitations in raising capital in the future, which could hinder growth and expansion of its e-commerce platform and logistics services[88]. Regulatory Environment - The PRC government has implemented new regulations affecting business operations, which may impact the Company's future offerings and operations[30]. - The Overseas Listing Trial Measures require PRC domestic companies seeking to list overseas to fulfill filing procedures with the CSRC, but Linkage Cayman is not classified as a domestic company[30]. - The Cybersecurity Review Measures require data processing operators with personal data of at least one million users to undergo a cybersecurity review before foreign listings[47]. - The PRC legal system's uncertainties may limit legal protections and affect the enforcement of rights for the PRC subsidiaries[160]. - The evolving nature of data security and antimonopoly laws in Hong Kong may negatively impact the business operations and financial condition of the company[155]. Corporate Governance - The CEO and Chairman owns 84.02% of the voting power, which may lead to governance issues and influence decisions that may not align with other shareholders' interests[112]. - The company is classified as an "emerging growth company" and will remain so until it meets certain revenue or market capitalization thresholds[119]. - The company’s articles of association allow shareholders holding at least 10% of voting shares to requisition a general meeting[141]. - The company may face increased costs due to compliance with the Sarbanes-Oxley Act and other regulations, impacting its financial resources[117]. Operational Risks - The Operating Entities operate in a highly competitive market, facing competition from various supply chain providers, retailers, and wholesalers, which could adversely affect their results of operations[57]. - System interruptions or performance failures in technology infrastructure could damage the company's reputation and results of operations[59]. - The company faces risks related to doing business in mainland China, including changing regulations and potential government intervention, which could materially affect operations[56]. - The company has not maintained business interruption insurance, which could expose it to significant liabilities[96]. International Expansion - The company plans to venture into the Southeast Asian market, indicating a strategy for international expansion[61]. - The company plans to expand its integrated e-commerce services into Southeast Asia, starting with Thailand, Malaysia, and Indonesia over the next two years[76]. - The company faces risks related to international operations, including compliance with varied legal and regulatory standards in Southeast Asia[77]. Compliance and Legal Issues - The company is subject to legal and regulatory proceedings, which could divert management's attention and resources, potentially harming its brand equity[94]. - The company may face sanctions from the CSRC or other PRC regulatory agencies if it fails to seek necessary approvals for offerings in the U.S., which could include fines and operational limitations[225]. - The company must navigate potential restrictions on the transfer of cash or assets due to PRC government interventions, which could impact its operational funding[191]. - The company may face penalties if it fails to complete required filing procedures or provides false information in filings[223]. Data Security and Privacy - As of the date of the annual report, the PRC subsidiaries have not provided personal information outside of China and are believed to be compliant with existing data protection laws[175]. - The PRC subsidiaries may face penalties for inadequate social insurance and housing provident fund contributions, with potential fines of one to three times the outstanding amount[97]. - Cybersecurity risks could disrupt operations and negatively impact financial results, despite measures taken to mitigate these risks[100]. Shareholder Considerations - Linkage Cayman has not made any dividends or distributions to its shareholders and does not anticipate paying cash dividends in the foreseeable future[36]. - The company does not intend to pay dividends for the foreseeable future, opting to retain earnings for business operation and expansion[123]. - If classified as a Passive Foreign Investment Company (PFIC), U.S. taxpayers holding Class A Ordinary Shares may face adverse tax consequences[142]. Market and Economic Conditions - The Hong Kong subsidiaries' revenue is susceptible to ongoing social, economic, and political instability, which could adversely affect business operations[152]. - Changes in China's economic, political, or social conditions could materially adversely affect the PRC subsidiaries' business and operations[157]. - Increased labor costs in the PRC may adversely affect the profitability of the company's subsidiaries, as average wages are expected to continue rising[196]. Future Outlook - Historical performance may not be sustainable, and the company cannot guarantee future growth, with potential declines in revenue due to various external factors[58]. - The company is currently evaluating options to regain compliance with Nasdaq's continued listing requirements[134]. - The company may face significant consequences if delisted from Nasdaq, including anti-takeover provisions that could discourage changes in control[135].