Near Intelligence Holdings, a global SaaS company engaged in privacy-led data intelligence on people, places and products, today announced plans to merge with KludeIn I Acquisition. If approved, the mergered company would have a post-transaction pro-forma market capitalization of nearly $1 billion, assuming no KludeIn redemptions and a successful $95 million PIPE.
The transaction is expected to generate $268 million of gross proceeds, including the PIPE.
The company has also secured a $100 million committed equity financing facility from CF Principal Investments.
Upon closing, Near Intelligence common stock is expected to trade on the Nasdaq under the ticker symbol NIR.
Near is headquartered in Southern California, with global offices and coverage in EMEA, Asia Pacific and Southeast Asia.
