Linkage Global shares jump 11.61% intraday after Cicada Tech signs non-binding merger agreement to build on-chain asset management business.

Linkage Global surged 11.61% intraday following the announcement of a non-binding merger agreement with Cicada Tech. The NASDAQ-listed company filed a 6-K report disclosing the collaboration to establish a chain-on asset management business, signaling strategic expansion and potential capital inflows. The merger意向书 (LOI) and regulatory filing likely boosted investor confidence in the firm’s growth prospects, directly aligning with the sharp intraday price increase.