On May 22, 2023, Tyro Payments Ltd announced that it has ended deal discussions with Potentia Capital, after Potentia said it does not intend to proceed with a proposal to acquire the company. In addition, the Company stated that it has opened the door to re-engaging with Potentia by offering it access to its books to come up with an improved proposal and confirm the necessary funding commitments, and the Company said in a statement that Potentia's decision to withdraw the offer followed by the Company granting it due diligence and engaging in extensive negotiation of material commercial terms. Further, the Company stated that it was disappointed that Potentia was ultimately unable to deliver a revised offer, and the Company adding that its prospects remain strong.