Near Intelligence (NIRLQ) has released an update to notify the public and investors about a regulation fd disclosure.
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Near Intelligence, Inc. and its subsidiaries filed for Chapter 11 bankruptcy and have since been submitting Monthly Operating Reports to the Delaware Bankruptcy Court. The reports, which are not prepared according to GAAP and not reviewed by independent accountants, are solely for court compliance and should not be used as a basis for investment decisions. The company warns that trading its securities is speculative and risky during bankruptcy proceedings, and equity security holders are likely to receive no payment or distribution in the bankruptcy cases.
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