On March 27, 2023, Tyro Payments Ltd announced that it continued to be in discussion with Potentia in relation to a possible change of control transaction following media speculation that a higher bid was on the table and the Company asked the shareholders to not need to take any action, the Company said it had not received any further proposal from Potentia since December 11, 2022, and that should it receive a revised proposal then it would inform the market. In addition, the Company stated that there is no certainty that these discussions will result in a non-binding indicative offer, a binding offer or a transaction of any kind, and the Company stated that Potentia has been in the Company data room for 4 weeks from February 13, 2023, and was understood to have completed its due diligence.