Near Intelligence (NIRLQ) has released an update.
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Near Intelligence, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy and are submitting monthly operating reports to the Delaware Bankruptcy Court, with the latest covering January 2024. These reports, not prepared under GAAP, are available online but should not be relied upon for investment decisions, as they are subject to change and for court compliance only. The company warns that trading its securities is risky and speculative, with equity holders unlikely to receive any payout due to senior creditor claims. Investors are cautioned about the highly uncertain nature of forward-looking statements related to the company’s future and bankruptcy proceedings.
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