ICOA, Inc. (OTCPK:ICOA) entered into a Letter of Intent to acquire iBG Finance in a deal valued at approximately $190 million on October 1, 2021. Under the terms, ICOA, Inc. will acquire iBG Finance in return for restricted preferred shares. Transaction is anticipated to close within 60 days of this agreement. ICOA, Inc. (OTCPK:ICOA) completed the acquisition of iBG Finance on October 13, 2021. As of October 13, 2021 terms of the LOI have been met and final due diligence checks have been completed.