Near intelligence files for chapter 11 protection and enters into agreement to sell its business

Pasadena, calif.--(business wire)--near intelligence, inc. (nasdaq:nir) (“near” or the “company”), a privacy-led data intelligence company, today announced that it and certain of its subsidiaries (collectively, the “debtors”) have voluntarily initiated a chapter 11 proceeding in the united states bankruptcy court for the district of delaware (“bankruptcy court”) and will seek to sell their assets through a court supervised sales process. the company has also entered into a dip financing agreeme.
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