KOI and Rogue will be merged bringing Rogue's management and KOI's fan base forming a very amicable and mutually-beneficial partnership that finally brings KOI into the LEC.
KCorp was offered the same agreement but denied and want their own team and management in the LEC.
Source:
https://mobile.twitter.com/anonimotum/status/1560974169914937344
KOI and Rogue are both heavily favoured to join Valorant franchising so it's very surprising but also extremely cool for KOI fans who are the biggest in Spain.