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Linkage Global Inc. Signs Non-Binding Letter of Intent to Acquire On‑Chain Asset Management Solutions Provider Cicada Tech Limited
Globenewswire· 2025-12-02 01:59
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].