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Near Intelligence Chapter 11 Filing Warns Investors
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Near Intelligence Chapter 11 Filing Warns Investors

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Near Intelligence (NIRLQ) just unveiled an announcement.

Near Intelligence, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy, and caution is advised for investors and stakeholders when relying on their Monthly Operating Reports or trading the company’s securities. These reports, which are not prepared in accordance with GAAP, serve only to meet court requirements and are not indicative of the company’s future performance. Investors are urged to exercise caution regarding investments in the company’s securities due to the speculative nature of trading during the bankruptcy process, with common stockholders unlikely to receive any distributions from the proceedings. The company’s forward-looking statements also carry uncertainties, emphasizing the risks associated with their bankruptcy and potential asset sales.

For detailed information about NIRLQ stock, go to TipRanks’ Stock Analysis page.

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