Dayforce Inc. (NYSE:DAY) saw a 25.98% surge on Monday, reaching $66.62 per share following news of a potential $9.9 billion acquisition by Thoma Bravo. Reports suggest the deal could be announced this week or next, though there is a possibility of delay or cancellation, according to Reuters and Bloomberg.

Thoma Bravo’s interest in software acquisitions, driven by the growth in artificial intelligence, has been evident this year. DAY reported strong earnings in the second quarter, with a net income of $21.3 million and total revenues of $464.7 million, marking a 10% increase year-on-year. In the first half, net income rose by 583% to $36.2 million, and revenues climbed to $946.5 million.

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Read more at Yahoo Finance: Dayforce (DAY) Soars 26% on Acquisition Reports