wavedancer inc shares climbed 23 to 78 cents in aftermarket trading tuesday after the company said it will consider strategic alternatives including a possible sale after selling a subsidiary the information technology services provider said it sold gray matters inc its blockchainenabled supply chain management software subsidiary to gray matters data corp wavedancer said it has retained an indirect 20 interest in gray matters through stock in gray matters data received at closing it also received 1 million in cash at closing and will receive annual contingent payments over the next seven years up to a total of 4 million now that weve eliminated the risk and expense of commercializing new technology we can evaluate various strategic alternatives including a business combination or a sale said chief executive jamie benoit trading was paused for volatility ahead of the news and resumed at 500 pm et shares which closed up 31 to 64 cents are down about 87 over the last 12 months