Data Firm Near Intelligence Files for Bankruptcy Months After Going Public Via SPAC
- Company, listed on the Nasdaq in March, plans to sell itself
- Lender Blue Torch to provide opening bid and financing
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Near Intelligence Inc., a publicly traded software firm that provides data insights to major companies including Wendy’s Co. and Ford Motor Co., filed for bankruptcy on Friday with plans to sell itself.
The Pasadena, California-based company listed estimated assets of at least $50 million and liabilities of $100 million, according to court papers. The bankruptcy filing lets Near Intelligence continue operating while it pursues a court-supervised sales process, according to a statement.