Near Intelligence, Inc. Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing

Receives up to $16 Million in Debtor-in-Possession Financing from its secured lenders 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 agreement with its existing secured lenders, affiliates of Blue Torch Finance LLC ("Blue Torch"), to provide up to $16 million of operating capital. In ad

Near Intelligence, Inc. (NASDAQ:NIR) ("Near" or the "Company"), a privacy-led data intelligence company, announced today that it received a notice (the "Notice") from the Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") on November 16, 2023 stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023 (the "Quarterly Report") with the Securities and Exchange Commission. On November 14, 2023, the Company filed a Notification of Late Filing on Form 12b-25 indicating that the filing of the Quarterly Report would be del

LOS ANGELES, Sept. 26, 2023 (GLOBE NEWSWIRE) -- via IBN – Near Intelligence Inc. (NASDAQ:NIR), the global Data Intelligence Platform curating one of the world's largest sources of intelligence on people and places, today announces it has selected the corporate communications expertise of IBN, a multifaceted financial news and publishing company for private and public entities. Near curates one of the world's largest sources of intelligence on people and places. Its patented technology analyzes data to deliver insights on approximately 1.6 billion unique user IDs across 70 million points of interest in more than 44 countries. Through Near's three-pillared approach – high-quality data, priv

PASADENA, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Near Intelligence, Inc. (NASDAQ:NIR), a global data intelligence platform that curates one of the world's largest sources of intelligence on people and places, today announced the appointment of two new members to its Board of Directors, effective September 19, 2023: Richard J. Salute, former Director of Capital Markets and SEC Practice at J.H. Cohn and CohnReznick LLP, and served in various leadership roles over 29 years at Arthur Andersen.Sherman Edmiston III, former managing director of Zolfo Cooper LLC (now Alix Partners), and currently a Managing Member of HI CapM Advisors, Ltd. "We're thrilled to bring these talented and

In addition to his role as General Counsel, Jay Angelo will serve as Near's Chief Privacy Officer Near Intelligence, Inc. (NASDAQ:NIR), a Data Intelligence Platform that curates one of the world's largest sources of intelligence on people and places, today announced that it has appointed its General Counsel, Jay Angelo, to also serve as the company's Chief Privacy Officer. This appointment solidifies Near's dedication to safeguarding user privacy, a core pillar of the company's foundation. Near's three-pillared approach – data, privacy, and AI – empowers operational and marketing leaders with solutions to help them engage and grow their businesses at scale. With the rapid evolution of c

PASADENA, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Near Intelligence, Inc. (NASDAQ:NIR) ("Near," "we," "our," or the "Company"), a global leader in privacy-led data intelligence on people and places, today announced financial results for the second quarter ended June 30, 2023. "In the second quarter of 2023, Near successfully implemented our go-to-market strategy, acquiring new clients across various regions and enhancing our offerings for existing customers. As anticipated, our year-over-year revenue growth was 19%, which is within the guidance range, and for the remainder of the year our focus will be on sustainable growth with a strong focus on getting to profitability on an operation

PASADENA, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Near Intelligence, Inc. (NASDAQ:NIR) ("Near" or the "Company"), a global leader in privacy-led data intelligence on people and places, today announced that it will report financial results for the second quarter ended June 30, 2023, after the close of the market on August 14, 2023. Near will host a live webcast to discuss financial results for investors and analysts at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) on August 15, 2023. The live webcast can be accessed at Near Q2 2023 Earnings Call Pre-Registration. Please allow at least 15 minutes prior to the start of the webcast to log in. An audio replay of the webcast will be availab

Q1 2023 revenue of $15.5 million, up 10% year-over-year and slightly above the guidance range Near Intelligence, Inc. (NASDAQ:NIR) ("Near," "we," "our," "us" or the "Company"), a global leader in privacy-led data intelligence on people, places and products, today announced financial results for the first quarter ended March 31, 2023. "In the first quarter of 2023, we executed well on our go-to-market strategy, adding new logos across the geographies we serve and expanding our offerings within many of our existing customers. As expected, year-over-year revenue growth was 10%, slightly above the guidance range, and we believe it will accelerate throughout the year," said Anil Mathews, CEO