Based on PANews, Cicada Tech, a blockchain-based asset management platform, and NASDAQ-listed Linkage Global have signed a non-binding term sheet for a potential merger. The deal, disclosed in a 6-K filing, involves Linkage Global acquiring 100% of Cicada's equity for a total consideration of $60 million, with $3 million in cash and the remainder in Linkage Global Class A common stock. Cicada Tech founder Gary Yang stated that the global financial environment is rapidly evolving, and Cicada aims to build a future-oriented on-chain asset management industry by combining crypto expertise with over 15 years of professional financial management experience.
Cicada Tech and NASDAQ-Listed Linkage Global Sign Non-Binding Merger Term Sheet
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