Financial Advisor to Near Intelligence, Inc.

GLC Advisors Transaction Closing Announcement

Near Intelligence, Inc. (NASDAQ:NIR) (“Near”), a global, privacy-led data intelligence platform, was sold to funds affiliated with Blue Torch Finance LLC (“Blue Torch”) for $50.0mm through a Chapter 11 363 asset sale process.

Near curates one of the world’s largest sources of intelligence on people and places. Near’s patented technology analyzes data to deliver insights on approximately 1.6 billion unique user IDs across 70 million points of interest in more than 44 countries. With a presence in California, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves enterprises in a diverse spectrum of industries including retail, real estate, QSR, travel, telecom, media, and more.

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GLC Technology Coverage Overview GLC provides senior-level advice and execution throughout the Technology sector. Our professionals have advised on a range of complex transactions including restructuring & special situations, M&A, debt financing and recapitalizations, and our institutional knowledge spans a broad spectrum of sub-sectors in this evolving industry, with a focus on SaaS, Vertical Applications, Online Applications & Services, and IT & Tech-Enabled Services. Our clients include corporations, creditors, companies, entrepreneurs and financial sponsors. Deal Team: Abe Han  /  Managing Director Abe.Han@glca.com  /  212.542.4555 Bob Swindell  /  Managing Director Bob.Swindell@glca.com  /  212.542.4552 Daniel Grundei  /  Vice President Daniel.Grundei@glca.com  /  212.542.4549 David Bluth  /  Managing Director David.Bluth@glca.com  /  303.479.3855 Jim Williams  /  Managing Director Jim.Williams@glca.com  /  303.479.3850 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com.