- SilverSun Technologies terminates merger agreement with bitcoin miner Rhodium Enterprises
- Termination based on clause allowing either party to end deal if not closed by Sept. 30
- Merger was announced in September 2022 and expected to close by end of last year
- Initial terms of the deal included cash dividend of at least $1.50 and share of SWK Technologies Holdings per share of SilverSun stock
SilverSun Technologies has terminated its merger agreement with bitcoin miner Rhodium Enterprises. The termination was based on a clause that allowed either party to end the deal if it was not closed by September 30. The merger, which was announced in September 2022, was expected to close by the end of last year. Under the initial terms of the deal, SilverSun stockholders were set to receive a cash dividend of at least $1.50 and a share of SWK Technologies Holdings per share of SilverSun stock.
