Linkage Global announces $3.5M convertible note financing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2025
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Should l Buy LGCB?
Source: SeekingAlpha
Securities Purchase Agreement: Linkage Global has entered into a Securities Purchase Agreement to issue $3.5 million in senior unsecured convertible notes, expecting to receive $2.7 million initially and an additional $450,000 soon after the registration statement effectiveness.
Future Financing Plans: The company plans to use the proceeds for general corporate purposes, including expanding its cross-border sales and e-commerce services, with potential future issuances of up to $26.5 million in similar convertible notes.
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About LGCB
Linkage Global Inc is a Japan-based company mainly engaged in the provision of cross-border e-commerce integrated services. The Company is engaged in the development of a comprehensive service system comprised of two lines of business complementary to each other, including cross-border sales and integrated e-commerce services. Cross-border sales business is engaged in the import and export sales of products are sourced from Japanese and Chinese manufacturers and brands, and private label smart products. The main products include pharmaceuticals, cosmetics, detergents, sanitary products, daily necessities, foodstuffs, alcoholic beverages, miscellaneous goods, household electrical appliances and others. Integrated e-commerce business is engaged in the provision of digital marketing services to the merchants through connecting the merchants with social media platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Linkage Global Achieves New Sales Milestone at CES 2026
- Sales Milestone: Linkage Global achieved a sales volume of 72,000 units in February 2026, generating $720,000 in patent licensing fees, demonstrating the effectiveness of its intellectual property model and strong market demand.
- Product Innovation: The ClickClack S7 All-Scenario Headphones, developed in collaboration with ClickClack, leverage Linkage Global's patented acoustic algorithms and smart wearable technology, breaking traditional headphone functionality and receiving positive market feedback, further driving sales growth.
- Market Response: Chairman Zhihua Wu stated that the market response has been very encouraging, validating the applicability of the company's IP portfolio in next-generation consumer electronics and showcasing significant market potential.
- Profitability Outlook: If current sales performance is maintained, the company anticipates achieving profitability in the first half of 2026, indicating that its strategic positioning in integrated smart audio-wearable solutions is beginning to yield results.
See More
Linkage Global Reports Sales Milestone Post CES Showcase
- Sales Milestone: Linkage Global achieved a sales volume of 72,000 units in February 2026, generating $720,000 in patent licensing fees, demonstrating the effectiveness of its intellectual property model and strong market demand.
- Product Innovation: The ClickClack S7 All-Scenario Headphones, developed in collaboration with ClickClack, leverage Linkage Global's patented acoustic algorithms and smart wearable technology, successfully breaking traditional headphone functionality and receiving enthusiastic market reception.
- Positive Market Response: Chairman Zhihua Wu noted that the encouraging market feedback validates the applicability of their IP portfolio in next-generation consumer electronics, further solidifying the company's strategic positioning.
- Profitability Outlook: If current sales performance is maintained, the company anticipates achieving profitability in the first half of 2026, indicating that the ongoing demand for integrated smart audio-wearable solutions will drive future growth.
See More
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- Product Innovation: The ClickClack S7 and VIBELENS A35 headphones leverage Linkage Global's proprietary intellectual property to break traditional headphone functionality boundaries, becoming highlights at CES 2026, with an anticipated retail price range of $150 to $200.
- Global Expansion: As the first U.S.-listed company providing comprehensive cross-border e-commerce services, Linkage Global utilizes its technological expertise in integrating ICH with smart hardware to strengthen partnerships with global platforms like Google, enhancing the global competitiveness of
See More
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- Use of Proceeds: The funds raised will be allocated for general corporate purposes, including working capital and the expansion of cross-border sales operations, aimed at improving the company's market competitiveness and operational capabilities.
- Management's Perspective: CEO Yang (Angela) Wang stated that this financing strengthens the balance sheet and supports operational expansion and business development, reflecting the company's commitment to long-term shareholder value.
- Market Strategy: Linkage Global plans to leverage this financing to accelerate go-to-market initiatives and pursue strategic opportunities to expand its commercial footprint across key markets, further scaling its cross-border e-commerce platform.
See More
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- Market Opportunity: This acquisition will enable Linkage Global to enter the rapidly growing on-chain asset management and real-world asset (RWA) tokenization market, accelerating its strategic goal of integrating traditional capital markets with blockchain-native asset structures, thereby enhancing its competitiveness in emerging markets.
- Due Diligence Requirements: The transaction is subject to customary financial, technical, and legal due diligence, along with an independent appraisal of enterprise value and financial statement audits, reflecting Linkage Global's emphasis on transaction safety and compliance.
- Strategic Implications: If completed, the acquisition will provide Linkage Global with an operational platform to convert high-quality real-world assets into liquid yield-bearing tokens, expected to expand its addressable asset base and create new recurring revenue streams, further strengthening the company's market position.
See More
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- Acquisition Intent: Linkage Global has signed a non-binding Letter of Intent with Cicada Tech to potentially acquire 100% equity for $60 million, with $3 million in cash and the remainder through the issuance of Linkage Global Class A ordinary shares.
- Market Opportunity: This acquisition positions Linkage Global to enter the rapidly growing on-chain asset management and real-world asset (RWA) tokenization market, accelerating its strategic objective of integrating traditional capital markets with blockchain-native asset structures.
- Operational Platform Integration: If completed, the acquisition will enable Linkage Global to integrate Cicada Tech's products and services into its operational platform, converting high-quality real-world assets into liquid, yield-bearing tokens, thereby expanding its addressable asset base and creating new recurring fee streams.
- Due Diligence Requirements: The transaction is subject to satisfactory completion of financial, technical, and legal due diligence, an independent third-party appraisal of Cicada Tech's enterprise value, and the negotiation of a definitive purchase agreement, with no assurance that the transaction will be completed as contemplated.
See More
Linkage Global Achieves New Sales Milestone at CES 2026
- Sales Milestone: Linkage Global achieved a sales volume of 72,000 units in February 2026, generating $720,000 in patent licensing fees, demonstrating the effectiveness of its intellectual property model and strong market demand.
- Product Innovation: The ClickClack S7 All-Scenario Headphones, developed in collaboration with ClickClack, leverage Linkage Global's patented acoustic algorithms and smart wearable technology, breaking traditional headphone functionality and receiving positive market feedback, further driving sales growth.
- Market Response: Chairman Zhihua Wu stated that the market response has been very encouraging, validating the applicability of the company's IP portfolio in next-generation consumer electronics and showcasing significant market potential.
- Profitability Outlook: If current sales performance is maintained, the company anticipates achieving profitability in the first half of 2026, indicating that its strategic positioning in integrated smart audio-wearable solutions is beginning to yield results.
See More
Linkage Global Reports Sales Milestone Post CES Showcase
- Sales Milestone: Linkage Global achieved a sales volume of 72,000 units in February 2026, generating $720,000 in patent licensing fees, demonstrating the effectiveness of its intellectual property model and strong market demand.
- Product Innovation: The ClickClack S7 All-Scenario Headphones, developed in collaboration with ClickClack, leverage Linkage Global's patented acoustic algorithms and smart wearable technology, successfully breaking traditional headphone functionality and receiving enthusiastic market reception.
- Positive Market Response: Chairman Zhihua Wu noted that the encouraging market feedback validates the applicability of their IP portfolio in next-generation consumer electronics, further solidifying the company's strategic positioning.
- Profitability Outlook: If current sales performance is maintained, the company anticipates achieving profitability in the first half of 2026, indicating that the ongoing demand for integrated smart audio-wearable solutions will drive future growth.
See More
Linkage Global Partners with ClickClack and VIBELENS, Licensing Headphone Technology at $10 per Unit
- Strategic Partnerships: Linkage Global has entered into strategic intellectual property agreements with ClickClack and VIBELENS, licensing core acoustic algorithms and smart wearable technologies at a fee of $10 per unit, which is expected to significantly enhance the company's future revenues.
- Product Innovation: The ClickClack S7 and VIBELENS A35 headphones leverage Linkage Global's proprietary intellectual property to break traditional headphone functionality boundaries, becoming highlights at CES 2026, with an anticipated retail price range of $150 to $200.
- Global Expansion: As the first U.S.-listed company providing comprehensive cross-border e-commerce services, Linkage Global utilizes its technological expertise in integrating ICH with smart hardware to strengthen partnerships with global platforms like Google, enhancing the global competitiveness of
See More
Linkage Global Closes $1 Million PIPE Financing
- Financing Completion: On December 3, 2025, Linkage Global announced the closing of a $1 million PIPE financing, issuing 689,655 Class A Ordinary Shares at $1.45 each, which enhances the company's financial liquidity.
- Use of Proceeds: The funds raised will be allocated for general corporate purposes, including working capital and the expansion of cross-border sales operations, aimed at improving the company's market competitiveness and operational capabilities.
- Management's Perspective: CEO Yang (Angela) Wang stated that this financing strengthens the balance sheet and supports operational expansion and business development, reflecting the company's commitment to long-term shareholder value.
- Market Strategy: Linkage Global plans to leverage this financing to accelerate go-to-market initiatives and pursue strategic opportunities to expand its commercial footprint across key markets, further scaling its cross-border e-commerce platform.
See More
Linkage Global (LGCB) Proposes $60 Million Acquisition of Cicada Tech
- Acquisition Intent: Linkage Global has signed a non-binding Letter of Intent with Cicada Tech to potentially acquire 100% equity for $60 million, with $3 million in cash and the remainder in Class A shares, indicating the company's commitment to the blockchain asset management sector.
- Market Opportunity: This acquisition will enable Linkage Global to enter the rapidly growing on-chain asset management and real-world asset (RWA) tokenization market, accelerating its strategic goal of integrating traditional capital markets with blockchain-native asset structures, thereby enhancing its competitiveness in emerging markets.
- Due Diligence Requirements: The transaction is subject to customary financial, technical, and legal due diligence, along with an independent appraisal of enterprise value and financial statement audits, reflecting Linkage Global's emphasis on transaction safety and compliance.
- Strategic Implications: If completed, the acquisition will provide Linkage Global with an operational platform to convert high-quality real-world assets into liquid yield-bearing tokens, expected to expand its addressable asset base and create new recurring revenue streams, further strengthening the company's market position.
See More
Linkage Global (LGCB) Proposes $60 Million Acquisition of Cicada Tech
- Acquisition Intent: Linkage Global has signed a non-binding Letter of Intent with Cicada Tech to potentially acquire 100% equity for $60 million, with $3 million in cash and the remainder through the issuance of Linkage Global Class A ordinary shares.
- Market Opportunity: This acquisition positions Linkage Global to enter the rapidly growing on-chain asset management and real-world asset (RWA) tokenization market, accelerating its strategic objective of integrating traditional capital markets with blockchain-native asset structures.
- Operational Platform Integration: If completed, the acquisition will enable Linkage Global to integrate Cicada Tech's products and services into its operational platform, converting high-quality real-world assets into liquid, yield-bearing tokens, thereby expanding its addressable asset base and creating new recurring fee streams.
- Due Diligence Requirements: The transaction is subject to satisfactory completion of financial, technical, and legal due diligence, an independent third-party appraisal of Cicada Tech's enterprise value, and the negotiation of a definitive purchase agreement, with no assurance that the transaction will be completed as contemplated.
See More
