The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of BlackRidge Technology International, Inc. on September 30, 2020. The Court approved the asset purchase agreement between the debtor and Chowdary Yalamanchili, stalking horse bidder, for the sale of substantially all its assets for a purchase price of $0.90 million for International/Holding assets and $0.70 million for research assets. To qualify as a qualified bidder, interested parties should submit their bids by October 19, 2020. The initial minimum overbid should be in the amount of $0.05 million more than the initial purchase price. The sale hearing is scheduled for October 27, 2020.