UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39843 Near Intelligence, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 85-3187857 | | --- | --- | | (State or other jurisdiction of | (I. ...

Business Combination Plans - KludeIn I Acquisition Corp. aims to complete a business combination with a software or technology-enabled growth business valued between $500 million and $1.5 billion[20]. - The Company is targeting a business combination with a high-quality software or technology-enabled growth business with an enterprise value between $500 million and $1.5 billion[69]. - The Company aims to identify target companies that demonstrate strong management teams and operational maturity, with a proven ability to scale[77]. - The Company seeks prospective target companies that can generate strong operating cash flows and have significant growth potential[77]. - The anticipated closing date for the Near Business Combination is in the first half of 2023, though no assurance can be given for this timeline[46]. - The Company must consummate an initial business combination with a target business having a fair market value equal to at least 80% of the net assets held in the trust account[109]. - The company is targeting businesses with enterprise values greater than the net proceeds from its initial public offering and private placement warrants[103]. - The company may continue to seek a different target for the initial business combination if the current one is not completed[147]. Financial Information - The company raised gross proceeds of $172.5 million from its initial public offering, selling 17,250,000 units at $10.00 per unit[23]. - A private sale of 5,200,000 warrants generated an additional $5.2 million, contributing to a total of $172.5 million placed in a trust account[24]. - As of March 14, 2023, the company has $6,470,354 available for an initial business combination, excluding deferred underwriting fees of up to $6,037,500[99]. - The total outstanding amount of the Working Capital Loan as of December 31, 2022, was $1,225,000[99]. - The Company incurred $14,303,235 in transaction costs related to its initial public offering, including $3,450,000 in underwriting fees[208]. - The Company has a working capital deficit of $4,570,315 as of December 31, 2022, excluding interest earned on the trust account[217]. - The Company reported a net income of $5,032,569 for the year ended December 31, 2022, primarily due to a change in fair value of warrant liabilities amounting to $7,205,710[200]. - For the year ended December 31, 2021, the company experienced a net loss of $406,026, with significant costs attributed to formation and operational expenses totaling $1,605,912[201]. - The company has not generated any operating revenues to date and relies on non-operating income from interest and unrealized gains on marketable securities[199]. Trust Account and Redemption - The trust account held $10.47 per share as of March 14, 2023, but this amount could be reduced due to claims from creditors[157]. - The company intends to redeem public shares at a per-share price equal to the aggregate amount in the trust account, including interest, divided by the number of outstanding public shares, which may be less than $10.00 per share[162]. - The per-share redemption amount upon dissolution is expected to be approximately $10.00, but may be less due to creditor claims[155]. - The company will only redeem public shares if net tangible assets are at least $5,000,001 immediately prior to or upon consummation of the initial business combination[139]. - Stockholders holding 9,786,530 public shares redeemed their shares for a pro rata portion of the funds in the trust account, resulting in approximately $101 million being removed from the trust account[124]. - Following the redemptions, the company has 617,864 public shares outstanding[124]. - The company has a restriction on stockholders seeking redemption rights for more than 15% of shares sold in the initial public offering to discourage accumulation of large blocks of shares[141]. Agreements and Conditions - The Near Merger Agreement includes a Minimum Cash Condition of at least $95 million in cash and cash equivalents at Closing[45]. - The Near Merger Agreement requires the approval of stockholders from both the Company and Near[44]. - Near and the Company have entered into Voting and Support Agreements to secure stockholder approval for the Near Merger Agreement[50]. - Certain Near stockholders have agreed to vote in favor of the Near Merger Agreement and prevent transfers of Near securities until the completion of the Reorganization[50]. - Lock-Up Agreements restrict certain Near stockholders from transferring Company securities for a period of up to one year post-Closing[52]. - Non-Competition Agreements prevent key individuals from competing with the Company for two years following the Closing[53]. - The Company must comply with all applicable laws and conduct its business in the ordinary course during the Interim Period[42]. - Near has agreed not to solicit alternative acquisition proposals during the Interim Period[40]. Management and Leadership - The chief executive officer and chief financial officer of Near will continue in their roles after the Closing, ensuring leadership continuity[39]. - The board of directors post-Closing will consist of five members, including one from Near and one from the Company, along with three independent directors[38]. - The new equity incentive plan will issue up to 6% of shares as Merger Consideration, while a management performance plan will issue up to 8% based on milestones[37]. Risks and Challenges - The company may face competition from other blank check companies and private equity groups, which may limit its ability to acquire larger target businesses[168]. - The company may incur losses from costs related to identifying and evaluating prospective target businesses that do not result in completed transactions[113]. - The company may not have the resources to diversify its operations after the initial business combination, which could expose it to risks associated with a single line of business[114]. - The company expects to continue incurring significant costs in pursuit of its acquisition plans, with no assurance of success[198]. - The company may face challenges in completing an initial business combination due to regulatory reviews and economic uncertainties[184]. Compliance and Reporting - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements, which may affect the attractiveness of its securities to investors[96]. - The company will remain an emerging growth company until certain revenue or market value thresholds are met, or until it issues more than $1.0 billion in non-convertible debt securities within a three-year period[98]. - The company is required to provide audited financial statements of the prospective target business as part of proxy solicitation materials, which may limit the pool of potential targets[173]. - The company has identified a material weakness in internal control over financial reporting as of December 31, 2022, which could adversely affect investor confidence[184]. Miscellaneous - The Company entered into a merger agreement with Near, a leader in privacy-led data intelligence, processing data from over 1.6 billion unique user IDs across 44 countries[203]. - The Company extended the deadline for its initial business combination from July 11, 2022, to January 11, 2023, and issued promissory notes totaling $2,060,070 for extension payments[204]. - The company has not paid any cash dividends to date and does not intend to do so prior to completing its initial business combination[189]. - The company’s public shares and warrants are traded on Nasdaq under the symbols INKA and INKAW, respectively[187].

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number: 001-39843 Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39843 KLUDEIN I ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3187587 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39843 KLUDEIN I ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 85-3187587 | | --- | --- | | (State o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39843 KludeIn I Acquisition Corp. (Exact name of registrant as specified in its charter) | Delaware | 85-318785 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39843 KLUDEIN I ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 85-3187587 | | --- | --- | | (Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39843 KLUDEIN I ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3187587 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (650) 246-9907 For the quarter ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39843 KLUDEIN I ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39843 KludeIn I Acquisition Corp. (Exact name of registrant as specified in its charter) | Delaware | | 85-3187 ...