Checkit Ends Formal Sale Process Without Any Deals

05:33 AM EDT, 09/28/2026 (MT Newswires) -- Checkit (CKT.L) ended the formal sale process it launched in March and terminated all discussions with potential buyers, according to a Monday filing. The automated monitoring platform developer's board said the six-month process attracted interest from strategic and financial investors. However, it declined several nonbinding and indicative offers that were below its target valuation of 0.30 pound sterling per share, while other nonbinding and verbal offers of between 0.31 pound and 0.40 pound per share did not progress. Checkit noted that it is now operating from a "substantially" stronger financial and strategic position.