{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-039755","form_type":"8-K","ticker":null,"cik":"0001826671","company_name":"Near Intelligence, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.927021+00:00","generated_at":"2026-06-15T01:29:45.539395+00:00","sec_items":["1.01","2.04","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Near Intelligence defaults on $100M term loan; forbearance expires May 20; going concern risk","bullets":["Failed to satisfy Junior Capital Financing Conditions and Liquidity covenants under Financing Agreement with Blue Torch Finance LLC.","Outstanding obligations $102.1M (excl. $5M deferred consent fee) as of May 10; interest rate increased by 2% per annum.","Entered forbearance agreements extending to May 20, 2023; Blue Torch may accelerate loans after forbearance ends.","Cross-default could trigger acceleration of $5.97M Convertible Debentures; substantial doubt about going concern if defaults are not cured.","Issued 3.87M shares to settle $9.34M in fees: $325K to Northland, $6M to Cantor Fitzgerald, $3.02M as deferred underwriting compensation."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-039755","json":"https://secwatch.observer/filing/0001213900-23-039755.json","markdown":"https://secwatch.observer/filing/0001213900-23-039755.md","text":"https://secwatch.observer/filing/0001213900-23-039755.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023039755/0001213900-23-039755-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023039755/ea178375-8k_nearintell.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:29:45.539395+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"399a59bc74ce85df8830f59708bb9bb3f08b8231","claim":"Near Intelligence, Inc. reported a default on term loan of up to $100.0 million with Blue Torch Finance LLC at adjusted Term SOFR plus 9.75% (subject to a floor set at 3.891% as of the effect maturing November 4, 2026.","evidence_excerpt":"Finance LLC, as administrative agent and collateral agent (“Blue Torch”). The Financing Agreement provides for senior secured term loans in an initial principal amount of up to $100.0 million and with interest accruing at a floating rate per annum equal to the adjusted Term SOFR plus 9.75% (subject to a floor set at 3.891% as of the effective date). Interest is","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023039755/0001213900-23-039755-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $100.0 million"},{"label":"Counterparty","value":"Blue Torch Finance LLC"},{"label":"Rate","value":"adjusted Term SOFR plus 9.75% (subject to a floor set at 3.891% as of the effect"},{"label":"Maturity","value":"November 4, 2026"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}