TikTok is developing a new version of its app for U.S. users ahead of an expected sale of the app to a group of investors, according to a new report from The Information.

TikTok still faces a ban under the Protecting Americans from Foreign Adversary Controlled Applications Act, with the new deadline set for mid-September when the current extension will expire unless it complies with the law.

A US-only version of TikTok is in development with plans to replace the current version for American users, according to a report in The Information.