BlackRidge Technology International, Inc filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on September 29, 2020. The debtor seeks the Court’s approval for the sale of substantially all its assets to Chowdary Yalamanchili, stalking horse bidder for a purchase price of $0.90 million for International/Holding assets and $0.70 million for research assets pursuant to the asset purchase agreement, dated September 29, 2020. To qualify as a qualified bidder, interested parties should submit their bids by October 19, 2020, along with a combined deposit in the amount of $0.16 million and good faith deposit of 20% of purchase price. The sale hearing is scheduled for October 27, 2020. The closing shall take place on November 6, 2020. The buyer is represented by Michael l Riordan of Foley & Lardner as its legal counsel.