Akerna announces superior offer for software business

Akerna (KERN) announces that it has received an unsolicited acquisition proposal that its board has determined is a superior offer, from an undisclosed company, for Akerna’s software business. The board approved the termination of the agreement for the sale of its software business to POSaBIT (POSAF). Akerna’s board believes the "confidential, unsolicited acquisition proposal will provide enhanced value to shareholders." Gryphon Digital Mining supports Akerna pursuing the new acquisition proposal "as a superior offer that will ultimately benefit the stockholders of the combined company and, once the new transaction is finalized, the transaction with Gryphon will be amended to reflect the new party’s acquisition of Akerna’s software business," the company said in a statement. The termination fee due to POSaBIT under the terms of the agreement "will be borne by the undisclosed party," it added. Further details regarding the unsolicited acquisition proposal will be disclosed as the negotiation process advances and all necessary regulatory approvals are obtained.