Near Intelligence, Inc.: M&A transaction — Near Intelligence completes Chapter 11 asset sale to Blue Torch; equity holders expected to get nothing

Near Intelligence, Inc.

Court-approved asset sale to BTC Near Holdco LLC (Blue Torch) closed March 1, 2024.
Sale proceeds are a credit bid; company states equity holders are unlikely to receive any distribution.
Chapter 11 cases filed Dec 8, 2023; sale order entered Feb 22, 2024.

item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Near Intelligence, Inc. completed a disposition involving BTC Near Holdco LLC (closed 2024-03-01).

Action: disposition
Counterparty: BTC Near Holdco LLC
Closing: 2024-03-01

Exact text from the filing

On March 1, 2024, the Company and Blue Torch consummated the Sale Transaction.

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Source: SEC EDGAR

accession 0001213900-24-019010

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