Near Intelligence, Inc.: going-concern / distress — Near Intelligence Chapter 11 plan effective; equity canceled, no recovery

Near Intelligence, Inc.

Plan of Liquidation became effective March 27, 2024; all common stock and warrants canceled.
Holders of equity interests will receive no distribution; shares are worthless.
Directors and officers terminated as of the Effective Date.
Company will file Form 15 to deregister securities and suspend SEC reporting obligations.
Trading on OTC Pink; company warns of extreme speculation and no recovery for equity holders.

item 1.03 item 3.03 item 5.01 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.98

Near Intelligence, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-12-08).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-12-08

Exact text from the filing

on December 8, 2023, Near Intelligence, Inc. (the “ Company ”) and certain of its subsidiaries (such subsidiaries being Near Intelligence LLC, Near North America, Inc. and Near Intelligence Pte. Ltd.) (collectively, the “ Debtors ”) filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware

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Source: SEC EDGAR

accession 0001213900-24-026663

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