Linkage Global Inc - Class A Ordinary Shares (LGCB)

Linkage Global Inc (NASDAQ: LGCB) ("Linkage Global" or the "Company"), a cross-border e-commerce integrated services provider headquartered in Japan, today announced that it has entered into a non‑binding Letter of Intent (the “LOI”) with Cicada Tech Limited (“Cicada Tech”), a company mainly engaged in tokenizing real world assets into liquid on-chain yield instruments, to engage in diligence and negotiations regarding the terms of a potential transaction whereby the Company may acquire 100% of the equity interest in Cicada for an aggregate consideration of $60 million, of which $3 million will be paid in cash and the remaining will be satisfied through the issuance of Linkage Global class A ordinary shares.

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Linkage Global (NASDAQ: LGCB), a cross-border e-commerce integrated service company headquartered in Japan, recently announced the closing of its initial public offering of 1,500,000 ordinary shares, each at a public offering price of $4.00, for total gross proceeds of $6,000,000. In addition, the company granted the underwriters an option, exercisable within 45 days from the closing date of the offering, to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts and commissions, to cover the over-allotment option, if any. The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol LGCB on Dec. 19, 2023, and the offering closed on Dec. 21, 2023. The company intends to use the proceeds for technology research and development, to further strengthen supply chain integration, to expand its manpower and talent pool, to venture into the Southeast Asian market, and for working capital and other general corporate purposes. EF Hutton LLC acted as the sole book-running manager for the offering. Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the company, and Ortoli Rosenstadt LLP acted as U.S. counsel to EF Hutton in connection with the offering.