KludeIn I Acquisition in an 8-K said it issued a promissory note for $686,690 to its merger partner Near Intelligence Holdings, a global SaaS company engaged in privacy-led data intelligence on people, places and products. The loan covers the final two months of the SPAC’s merger deadline extension, which expires in December.
The SPAC last summer secured loans of more than $2 million from its sponsor to extend the deadline.
If KludeIn shareholders approve the deal, the transaction is expected to generate $268 million of gross proceeds, including a $95 million PIPE. Read more.
