4//SEC Filing
SEQUOIA CAPITAL INDIA III LTD. 4
Accession 0000899243-23-010466
CIK 0001826671other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 5:52 PM ET
Size
9.2 KB
Accession
0000899243-23-010466
Insider Transaction Report
Form 4
SEQUOIA CAPITAL INDIA III LTD.
10% Owner
Transactions
- Purchase
Warrants
2023-03-31+18,750→ 18,750 total→ Common Stock (18,750 underlying) - Purchase
Convertible Debentures
2023-03-31+750,000→ 750,000 total→ Common Stock
Footnotes (3)
- [F1]On March 31, 2023, the Reporting Person acquired $750,000 in principal amount of convertible notes (the "Convertible Notes") and penny warrants for the purchase of 18,750 shares of Near Intelligence, Inc.'s (the "Issuer") common stock (the "Common Stock") from the Issuer for a purchase price of $750,000. The Convertible Notes can be converted to Common Stock at a conversion price, subject to customary adjustments, per share of Common Stock equal to the lower of $10.01 and 75% of the average of the daily volume weighted average prices during the 20 trading days immediately preceding the conversion date, provided that the conversion price cannot be lower than $2.06. The Convertible Notes accrue interest at an annual rate of 0.01%. Accrued interest may be added to the principal amount for purposes of determining the number of shares of Common Stock into which the Convertible Notes may be converted.
- [F2]The Convertible Notes can be converted to Common Stock at the option of the holder at any time beginning on the 181st day following the issuance date and mature 90 days after the final maturity date of the term loans issued pursuant to that certain Financing Agreement, dated November 4, 2022, by and among Issuer certain of its subsidiaries party thereto as guarantors, the lenders party thereto, and Blue Torch Finance LLC.
- [F3]The warrants have an exercise price of $0.01 and can be exercised at any time at the option of the holder. The warrants expire on March 31, 2027.
Documents
Issuer
Near Intelligence, Inc.
CIK 0001826671
Entity typeother
IncorporatedMauritius
Related Parties
1- filerCIK 0001611414
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 5:52 PM ET
- Size
- 9.2 KB