other material
confidence high
sentiment negative
materiality 0.95
Near Intelligence, Inc.: auditor change — Near Intelligence auditor resigns, stock delisted to OTC Pink; warns equity holders likely worthless
Near Intelligence, Inc.
- UHY LLP resigned as independent auditor effective Dec 20, 2023; no prior disagreements or reportable events.
- Common stock and warrants suspended from Nasdaq on Dec 19; now trade on OTC Pink under NIRLQ and NIRWQ.
- Company expects no recovery for common stock or equity holders due to bankruptcy proceedings and senior creditor claims.
- Bankruptcy cases pending; expected sale proceeds consist of a credit bid, leaving nothing for equity.