Las Vegas, Nevada, Oct. 13, 2021 (GLOBE NEWSWIRE) — ICOA, Inc. (OTC PINK: ICOA) (“ICOA” or the “Firm”) a publicly traded Nevada firm and a nationwide supplier of wi-fi and wired broadband Web networks in high-traffic public areas, at present getting into the DeFi, Blockchain, NFT and Crypto House by way of a number of acquisitions, declares the closing of its acquisition of iBG Finance, the World’s 1st and solely insured DeFi venture. The transaction is valued at USD 185,000,000.
Phrases of the LOI have been met and remaining due diligence checks have been accomplished. Due to this fact, the Firm has elected to go forward and full the acquisition of iBG Finance in a transaction valued at USD 185,000,000.
Aneesha Reihana, CEO and Co-Founding father of iBG mentioned “Our whole crew at iBG could be very excited to embark on this new journey. The outlook for iBG and ICOA could be very optimistic. The respective groups’ values are completely aligned. We anticipate this merger to pave the way in which for the rise of a frontrunner within the DeFi house and for worldwide development.”
George Strouthopoulos, Chief Govt Officer of ICOA, Inc. added “After numerous weeks of due diligence and fine-tuning, each Firms have reached passable phrases. We’re enthusiastic about formally being within the Crypto & DeFi house, and about our ongoing initiatives to embark within the NFT house.”
We invite shareholders and traders to observe our social media deal with on Twitter for day by day updates on the most recent developments.
About ICOA INC.
ICOA, Inc. is a nationwide supplier of wi-fi and wired broadband Web networks in high-traffic public areas. ICOA offers design, set up, operation, upkeep, and administration of WI-FI hot-spot and hot-zone Web entry. ICOA owns or operates broadband entry installations in high-traffic areas throughout 40 states, situated in airports, quick-service eating places, motels and motels, journey plazas, marinas and so forth. ICOA networks are suitable with broadly used 802.11x know-how and with nearly all Web service suppliers. ICOA is at present getting into the DeFi, Blockchain and Crypto House by way of a number of acquisitions.
About iBG Finance
iBG is a Decentralized Finance (DeFi) wealth administration platform designed to carry simplicity to customers fascinated by getting into the cryptocurrency and the DeFi market. iBG is provided with the most recent Robo Advisory know-how to supply algorithm-driven suggestions.
Web site: https://ibg.finance
SAFE HARBOR STATEMENT
This press launch incorporates forward-looking statements that may be recognized by terminology reminiscent of “believes,” “expects,” “potential,” “plans,” “suggests,” “might,” “ought to,” “might,” “intends,” or related expressions. Many forward-looking statements contain identified and unknown dangers, uncertainties and different components that will trigger precise outcomes to be materially totally different from any future outcomes implied by such statements. These components embody, however will not be restricted to, our capacity to proceed to boost our merchandise and techniques to handle business modifications, our capacity to increase our buyer base and retain present clients, our capacity to successfully compete in our market phase, the dearth of public info on our firm, our capacity to boost enough capital to fund our enterprise, operations, our capacity to proceed as a going concern, and a restricted public marketplace for our frequent inventory, amongst different dangers. Many components are tough to foretell precisely and are usually past the corporate’s management. Ahead-looking statements communicate solely as to the date they’re made, and we don’t undertake to replace forward-looking statements to mirror circumstances or occasions that happen after the date the forward-looking statements are made.
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CONTACT: Kim Halvorson