Sequoia Capital India III Ltd.'s Form 4 filing
Near Intelligence, Inc. (NIR) · filed Apr 4, 2023
- Accession no.
- 0000899243-23-010466
- Filed
- Apr 4, 2023, 5:52 PM ET
- Trade date
- Mar 31, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 2 derivative transactions. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Sequoia Capital India III Ltd.CIK 0001611414 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 2 transactions in Table II.