secwatch.observer — SEC 8-K summary
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Issuer:     Near Intelligence, Inc. (—)
CIK:        0001826671
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001213900-23-094534
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.04, 2.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Near Intelligence files Chapter 11; stalking horse bid of $50M from Blue Torch; Nasdaq delisting
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- Voluntarily filed Chapter 11 on Dec 8, 2023 in Delaware; company will operate as debtor-in-possession.
- Stalking horse asset purchase agreement with Blue Torch for $50M credit bid: $16M DIP plus ≥$34M prepetition debt.
- Secured $16M DIP financing from existing lenders (Blue Torch); available in interim ($5M) and final ($11M) tranches.
- Outstanding prepetition obligations: $76.7M under Financing Agreement, ~$17M convertible debentures, plus other notes.
- Stock and warrants to be delisted from Nasdaq as of Dec 19, 2023; expected to trade OTC under symbols NIRQ and NIRWWQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826671/000121390023094534/0001213900-23-094534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826671/000121390023094534/ea189803-8k_nearintell.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-094534

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