ICOA Closes 185 Million Acquisition of IBG Finance

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.

Twitter: https://twitter.com/icoa_inc

About ICOA INC.

ICOA, Inc. is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance, and management of WI-FI hot-spot and hot-zone Internet access. ICOA owns or operates broadband access installations in high-traffic locations across 40 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas etc. ICOA networks are compatible with widely used 802.11x technology and with virtually all Internet service providers. ICOA is currently entering the DeFi, Blockchain and Crypto Space through multiple acquisitions.

About iBG Finance

iBG is a Decentralized Finance (DeFi) wealth management platform designed to bring simplicity to users interested in entering the cryptocurrency and the DeFi market. iBG is equipped with the latest Robo Advisory technology to offer algorithm-driven recommendations.

Website: https://ibg.finance

Twitter: https://twitter.com/IbgFinance

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 63,326.00
ethereum
Ethereum (ETH) $ 4,226.71
binance-coin
Binance Coin (BNB) $ 487.55
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.16
solana
Solana (SOL) $ 212.39
xrp
XRP (XRP) $ 1.10
polkadot
Polkadot (DOT) $ 44.73
dogecoin
Dogecoin (DOGE) $ 0.265529
usd-coin
USD Coin (USDC) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 63,326.00
ethereumEthereum (ETH)
$ 4,226.71
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 620.64
litecoinLitecoin (LTC)
$ 196.40
bitcoinBitcoin (BTC)
54.371,96
ethereumEthereum (ETH)
3.629,07
tetherTether (USDT)
0,858604
bitcoin-cashBitcoin Cash (BCH)
532,88
litecoinLitecoin (LTC)
168,63
bitcoinBitcoin (BTC)
46,020.14
ethereumEthereum (ETH)
3,071.63
tetherTether (USDT)
0.726718
bitcoin-cashBitcoin Cash (BCH)
451.03
litecoinLitecoin (LTC)
142.73

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin63,204 0.23 % 3.30 % 2.63 %
Ethereum4,227.8 0.19 % 3.24 % 9.69 %
Binance Coin487.15 0.21 % 1.94 % 3.52 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.150 0.21 % 1.16 % 0.24 %
Solana211.64 0.38 % 4.17 % 32.39 %
XRP1.100 0.26 % 0.99 % 0.32 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2651 0.50 % 4.72 % 11.40 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 63,326.00
ethereum
Ethereum (ETH) $ 4,226.71
binance-coin
Binance Coin (BNB) $ 487.55
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.16
solana
Solana (SOL) $ 212.39
xrp
XRP (XRP) $ 1.10
polkadot
Polkadot (DOT) $ 44.73
dogecoin
Dogecoin (DOGE) $ 0.265529
usd-coin
USD Coin (USDC) $ 1.00