{"id":18898,"date":"2023-03-25T06:41:37","date_gmt":"2023-03-25T06:41:37","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/03\/25\/data-intelligence-firm-near-to-debut-on-nasdaq-under-ticker-nir\/"},"modified":"2023-03-25T06:41:37","modified_gmt":"2023-03-25T06:41:37","slug":"data-intelligence-firm-near-to-debut-on-nasdaq-under-ticker-nir","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/03\/25\/data-intelligence-firm-near-to-debut-on-nasdaq-under-ticker-nir\/","title":{"rendered":"Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker \u201cNIR\u201d"},"content":{"rendered":"
\"\"<\/div>\n

Near Intelligence Holdings Inc. and\u00a0KludeIn I Acquisition Corp.\u00a0Announce\u00a0Closing of Business Combination<\/p>\n

PASADENA, CA, March 25<\/strong>:\u00a0Near<\/a>, a global leader in privacy-led data intelligence on people, places and products (\u201cNear\u201d or the \u201cCompany\u201d), today announced the closing of its previously announced business combination (the \u201cBusiness Combination\u201d) with KludeIn I Acquisition Corp. (\u201cKludeIn\u201d), a special purpose acquisition company. KludeIn stockholders approved the Business Combination at KludeIn\u2019s special meeting held on March 20, 2023, and the Business Combination was completed on March\u00a0[22],\u00a02023.<\/p>\n

The combined company has been re-named Near Intelligence, Inc. and will begin trading on the Nasdaq Stock Market at market open on March [23], 2023, under the ticker symbol \u201cNIR\u201d for its common stock and \u201cNIRWW\u201d for its publicly traded warrants.<\/p>\n

Near\u2019s platform is designed to provide accurate, comprehensive information on people, places, and products by generating marketing and operational intelligence on consumer behavior that enables enterprises to make informed and rapid strategic decisions. Near\u2019s solutions are designed to enhance customer revenue and return on investment through the use of data-driven intelligence. The\u00a0Near platform curates one of the world\u2019s largest sources of intelligence on people, places, and products. Near processes data from an estimated 1.6 billion unique user IDs and 70 million points of interests, in more than 44 countries.<\/p>\n

\u201cI am pleased to complete our business combination with KludeIn and to begin our next chapter as a public company. \u00a0I believe that being a public company will underscore\u00a0Near\u2019s long-term commitment to our customers, investors, and the data intelligence industry as a whole,\u201d said Anil Mathews, founder and CEO of Near. \u201cWe have a bold vision for Near – to help global enterprises better understand consumer behavior by providing them with actionable intelligence.\u201d<\/p>\n

Near plans to ring the opening bell at the Nasdaq Marketsite on March 23 at 9:30 am ET.\u00a0A live stream of the opening bell ceremony will be available\u00a0<\/a>here<\/a>.<\/p>\n

\"\"<\/p>\n

About Near<\/p>\n

Near, a global, full-stack data intelligence software-as-a-service (\u201cSaaS\u201d) platform curates one of the world\u2019s largest sources of intelligence on people, places, and products. The Near platform\u2019s patented technology processes data from\u00a0an estimated 1.6 billion unique user IDs and 70 million points of interests, in more than 44 countries. Near\u2019s data and insights empower marketing and operations teams to understand consumers\u2019 online and offline behaviors, affinities, and attributes in order to engage them and grow their businesses. With a presence in Los Angeles, San Francisco, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves scaled enterprises in retail, real estate, restaurant\/QSR, travel\/tourism, telecom, and financial services. For more information, please visit\u00a0<\/a>https:\/\/near.com<\/a><\/p>\n

Forward-Looking Statements<\/p>\n

This press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company\u2019s current expectations or forecasts of future events. Forward-looking statements include statements about the Company\u2019s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. The words \u201canticipates,\u201d \u201cappear,\u201d \u201capproximate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforesee,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwould\u201d and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Examples of forward-looking statements in this press release include, but are not limited to, statements regarding the Company\u2019s disclosure concerning the Company\u2019s operations, cash flows, financial position and dividend policy. The risks and uncertainties include, but are not limited to: (1) the future financial and operational performance of, and anticipated financial impact on, Near following the Business Combination; (2) Near\u2019s expansion plans and opportunities; (3) Near\u2019s limited operating history makes it difficult to evaluate our current business and future prospects; (4) the impact of health epidemics, such as the COVID-19 pandemic, on our business, financial condition, growth and the actions we may take in response thereto; (5) the high degree of uncertainty of the level of demand for and market utilization of our solutions and products; (6) substantial regulation and the potential for unfavorable changes to, or failure by us to comply with, these regulations, which could substantially harm our business and operating results; (7) our dependency upon third-party service providers for certain technologies; (8) increases in costs, disruption of supply or shortage of materials, which could harm our business; (9) developments and projections relating to our competitors and industry; (10) our management team\u2019s limited experience managing a public company; (11) the possibility of our need to defend ourselves against fines, penalties and injunctions if we are determined to be promoting products for unapproved uses; (12) concentration of ownership among our existing executive officers, directors and their respective affiliates, which may prevent new investors from influencing significant corporate decisions; (13) the ability to obtain or maintain the listing of Near common stock or Near warrants on Nasdaq following the Business Combination; (14) costs related to the Business Combination; \u00a0(15) if the benefits of the Business Combination do not meet the expectations of investors or securities analysts, the potential for the market price of our securities to decline; (16) the risk that the Business Combination disrupts current plans and operations of our business as a result of consummation of the transactions described herein; (17) the risk that our significant increased expenses and administrative burdens as a public company could have an adverse effect on our business, financial condition and results of operations, and (18) other risks and uncertainties identified in the Registration Statement (No. 333-265952), filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on February 13, 2023, relating to the Business Combination, including those under \u201cRisk Factors\u201d therein, and in other filings with the SEC made by Near. Near cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Readers are referred to the most recent reports filed with the SEC by KludeIn and Near. Near does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.<\/p>\n

Contacts:<\/p>\n

Near –<\/p>\n

Media Inquiries<\/p>\n

Kat Harwood<\/p>\n

PR@near.com<\/p>\n

Investor Relations<\/p>\n

Marc P. Griffin, ICR<\/p>\n

Marc.Griffin@icrinc.com<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

Near Intelligence Holdings Inc. and\u00a0KludeIn I Acquisition Corp.\u00a0Announce\u00a0Closing of Business Combination PASADENA, CA, March 25:\u00a0Near, a global leader in privacy-led data intelligence on people, places and products (\u201cNear\u201d or the \u201cCompany\u201d), today announced the closing of its previously announced business combination (the \u201cBusiness Combination\u201d) with KludeIn I Acquisition Corp. (\u201cKludeIn\u201d), a special purpose acquisition company….<\/p>\n

Read More “Data Intelligence Firm, Near, to Debut on Nasdaq Under Ticker \u201cNIR\u201d”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":18899,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-18898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/18898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=18898"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/18898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/18899"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=18898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=18898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=18898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}