{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-041246","form_type":"8-K","ticker":null,"cik":"0001826671","company_name":"Near Intelligence, Inc.","filed_at":"2023-05-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.927425+00:00","generated_at":"2026-06-14T21:27:51.859469+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Near Intelligence waives defaults, raises $13.9M in convertible debentures; amended loan covenants","bullets":["Existing defaults under Blue Torch loan waived; $21M Junior Capital condition satisfied as of May 18.","Issued convertible debentures: $2.5M Part A-2 (0.01%) and $11.4M Part B (10%, 8% OID, net $10.5M).","New minimum liquidity: $10M until May 20, then $20M; $2M consent fee capitalized.","Affiliate of director Mini Krishnamoorthy (KludeIn Prime) receives $600K convertible and 15,000 warrants.","Part B requires $1M monthly trigger payments if VWAP below $0.45 floor; officers personally guarantee Yorkville."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-041246","json":"https://secwatch.observer/filing/0001213900-23-041246.json","markdown":"https://secwatch.observer/filing/0001213900-23-041246.md","text":"https://secwatch.observer/filing/0001213900-23-041246.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/ea178870-8k_nearintell.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T21:27:51.859469+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":"2e4fecad8b0be889b4cb699339c76ded107756ef","claim":"Near Intelligence, Inc. incurred convertible notes of $2,500,000 with Part A-2 Investors.","evidence_excerpt":"On May 18, 2023, the Company entered into a securities purchase agreement (the “ Part A-2 Purchase Agreement ”) with the investors listed on Schedule I thereto (the “ Part A-2 Investors ”), in connection with the issuance and sale by the Company of (i) convertible debentures in an aggregate principal amount of $2,500,000 (the “ Part A-2 Convertible Debentures ”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,500,000"},{"label":"Counterparty","value":"Part A-2 Investors"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3e1c6c2f1c28c7ffcc70b8204714ced985dfc137","claim":"Near Intelligence, Inc. amended credit facility with Blue Torch Finance LLC (as administrative agent) and the Required Lenders.","evidence_excerpt":"pursuant to which, among other things, (i) Blue Torch waived the Existing Defaults and (ii) the parties agreed to amend certain terms of the Financing Agreement relating to (x) the Junior Capital Financing Conditions, (y) the minimum Liquidity requirements and (z) the leverage ratios required for withdrawals of proceeds under the Financing Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Blue Torch Finance LLC (as administrative agent) and the Required Lenders"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"89266d881ecc9dc0e74a465e0868242fe12642d8","claim":"Near Intelligence, Inc. incurred convertible notes of $11,440,217 with Part B Investors.","evidence_excerpt":"Also on May 18, 2023, the Company entered into a securities purchase agreement (the “ Part B Purchase Agreement ” and, together with the Part A-2 Purchase Agreement, the “ Purchase Agreements ”) with the investors listed on Schedule I thereto (the “ Part B Investors ” and together with the Part A-2 Investors, the “ Investors ”), in connection with the issuance and sale by the Company of (i) convertible debentures in an aggregate principal amount of $11,440,217 (the “ Part B Convertible Debentures ”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$11,440,217"},{"label":"Counterparty","value":"Part B Investors"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4b47e4d191ebdcc6fb8f5899e642d57d9b18093e","claim":"Near Intelligence, Inc. entered into Part A-2 Purchase Agreement with the investors listed on Schedule I thereto valued at aggregate principal amount of $2,500,000 (effective 2023-05-18).","evidence_excerpt":"On May 18, 2023, the Company entered into a securities purchase agreement (the “ Part A-2 Purchase Agreement ”) with the investors listed on Schedule I thereto (the “ Part A-2 Investors ”), in connection with the issuance and sale by the Company of (i) convertible debentures in an aggregate principal amount of $2,500,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the investors listed on Schedule I thereto"},{"label":"Value","value":"aggregate principal amount of $2,500,000"},{"label":"Effective","value":"2023-05-18"}],"fact_type":"material_agreement"},{"claim_id":"a7c666568d3d1a0d413ec3a293a92ede1ddbc2bb","claim":"Near Intelligence, Inc. entered into Part B Purchase Agreement with the investors listed on Schedule I thereto valued at aggregate principal amount of $11,440,217 (effective 2023-05-18).","evidence_excerpt":"Also on May 18, 2023, the Company entered into a securities purchase agreement (the “ Part B Purchase Agreement ” and, together with the Part A-2 Purchase Agreement, the “ Purchase Agreements ”) with the investors listed on Schedule I thereto (the “ Part B Investors ” and together with the Part A-2 Investors, the “ Investors ”), in connection with the issuance and sale by the Company of (i) convertible debentures in an aggregate principal amount of $11,440,217","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the investors listed on Schedule I thereto"},{"label":"Value","value":"aggregate principal amount of $11,440,217"},{"label":"Effective","value":"2023-05-18"}],"fact_type":"material_agreement"},{"claim_id":"d13da3a007b3af703b2070e6b5b7094b76bf6c4f","claim":"Near Intelligence, Inc. amended Waiver and Amendment No. 3 to Financing Agreement with Blue Torch Finance LLC (effective 2023-05-18).","evidence_excerpt":"Effective as of May 18, 2023, the Company entered into that certain Waiver and Amendment No. 3 to Financing Agreement (“ Waiver and Amendment No. 3 ”) with Near Intelligence LLC, the Company’s subsidiary guarantors, Blue Torch and the Required Lenders","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826671/000121390023041246/0001213900-23-041246-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Blue Torch Finance LLC"},{"label":"Effective","value":"2023-05-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}