From previous PR's: ICOA Closes 240 Million BGBF Acquisition Press Release | 12/20/2021 Las Vegas, Nevada, Dec. 20, 2021 (GLOBE NEWSWIRE) -- ICOA, Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a publicly traded Nevada company currently entering the DeFi, Blockchain, NFT and Metaverse space through multiple acquisitions, announces the closing of its acquisition of BGBF, South East Asia’s 1st insured Bitcoin Fund.
The terms of the LOI have been finalized and legal sign off has been completed. As such, the Company’s management has elected to move ahead with the closing of its BGBF acquisition in a transaction valued at USD 240,000,000.
As part of the acquisition, ICOA is acquiring 100% of BGBF in return for RESTRICTED PREFERRED shares of ICOA.
“Months of work have finally come to fruition. BGBF is now part of the ICOA Family. We know our shareholders and investors were eager to hear this news. We could not be happier or more optimistic about this latest development. The team has been hard at work laying the foundation for what we intend to make ICOA into a strategic and thought leader in the Crypto, DeFi, NFT and Metaverse space is what we aim to become. With the continuous support and advisory of Dr. Vin Menon and his team, we expect iBG and BGBF to become a name brands in our industry.” said Hadria Wong, CEO of ICOA Inc.
We invite shareholders and investors to follow our social media handle on Twitter for daily updates on the latest developments.
ICOA, Inc. is a publicly traded Nevada company currently entering the DeFi, Blockchain, NFT and Metaverse space through multiple acquisitions. ICOA entered the DeFi space with its first acquisition of IBG Finance and expects to close the second acquisition of BGBF in December 2021.
About BGBF
BGBF is South East Asia’s First Insured Bitcoin denominated Fund. The Fund provides Bitcoin exposure to investors, while offering insurance coverage & underwriting for public offering security insurance (POSI), striving to deliver safe and secured investment.
ICOA Closes 185 Million Acquisition of IBG Finance Press Release | 10/13/2021 Las Vegas, Nevada, Oct. 13, 2021 (GLOBE NEWSWIRE) -- ICOA, Inc. (OTC PINK: ICOA) (“ICOA” or the “Company”) a publicly traded Nevada company and a national provider of wireless and wired broadband Internet networks in high-traffic public locations, currently entering the DeFi, Blockchain, NFT and Crypto Space through multiple acquisitions, announces the closing of its acquisition of iBG Finance, the World’s 1st and only insured DeFi project. The transaction is valued at USD 185,000,000.
Terms of the LOI have been met and final due diligence checks have been completed. Therefore, the Company has elected to go ahead and complete the acquisition of iBG Finance in a transaction valued at USD 185,000,000.
Aneesha Reihana, CEO and Co-Founder of iBG said “Our entire team at iBG is very excited to embark on this new journey. The outlook for iBG and ICOA is very positive. The respective teams’ values are perfectly aligned. We expect this merger to pave the way for the rise of a leader in the DeFi space and for worldwide growth.”
George Strouthopoulos, Chief Executive Officer of ICOA, Inc. added “After countless weeks of due diligence and fine-tuning, both Companies have reached satisfactory terms. We are excited about officially being in the Crypto & DeFi space, and about our ongoing initiatives to embark in the NFT space.”
We invite shareholders and investors to follow our social media handle on Twitter for daily updates on the latest developments.
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