0000000000-22-012599.txt : 20230321 0000000000-22-012599.hdr.sgml : 20230321 20221121133003 ACCESSION NUMBER: 0000000000-22-012599 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20221121 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: KLUDEIN I ACQUISITION CORP CENTRAL INDEX KEY: 0001826671 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 855 EL CAMINO REAL NUM 13A-385 CITY: PALO ALTO STATE: CA ZIP: 94301 BUSINESS PHONE: 4155092370 MAIL ADDRESS: STREET 1: 855 EL CAMINO REAL NUM 13A-385 CITY: PALO ALTO STATE: CA ZIP: 94301 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Amendment No. 3 to Registration Statement on Form S-4 Filed November 10, 2022 File No. 333-265952 Dear Mini Krishnamoorthy: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our November 4, 2022 letter. Amendment No. 3 to Form S-4 filed November 10, 2022 Basis of Presentation and Glossary, page 2 1. Your revised definition of the Aggregate Transaction Proceeds appears to indicate that in certain circumstances the Minimum Cash Condition may be as low as zero ($0) at closing. However, your definition of Minimum Cash Condition still refers to a Minimum Cash Condition of $95 million. Please revise your discussion of Minimum Cash Condition throughout the filing or explain. Also, tell us, and revise your disclosures as necessary to clarify, whether the maximum redemption scenario in your pro forma financial statements assumes a Minimum Cash Condition of $95 million or some other amount, and provide the calculations as of the pro forma balance sheet date included in your next amendment that support your assumption. Mini Krishnamoorthy FirstName LastNameMini KludeIn I Acquisition Corp.Krishnamoorthy Comapany 21, November NameKludeIn 2022 I Acquisition Corp. November Page 2 21, 2022 Page 2 FirstName LastName 2. Revise here to define Permitted Debt. Notes to Unaudited Pro Forma Condensed Combined Financial Statements Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet as of June 30, 2022, page 177 3. It appears from Near's historical financial statements that accumulated other comprehensive loss (AOCL) is impacted by foreign currency translation adjustments. As such, please explain further how the Financing Agreement and the repayment of existing debt had a $6.4 million impact on AOCL. Management's Discussion and Analysis of Financial Condition and Results of Operations Of Near Overview, page 213 4. Revise your Overview discussion to focus on material events, uncertainties or trends that have had or are reasonably expected to have an impact on your financial condition, liquidity and results of operations rather than repeating information that is already available in the Business section disclosures immediately preceding your MD&A. Refer to Item 303(a) of Regulation S-K. Key Performance Metric - Net Revenue Retention, page 215 5. We note your response to prior comment 5. Please revise any reference to net revenue retention rate throughout the filing to clarify that such measure is based on pro forma revenue. Near Intelligence Holdings Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) 23. Subsequent events, page F-126 6. Please revise to disclose the actual date through which subsequent events were evaluated. Refer to ASC 855-10-50-1(a). You may contact Brittany Ebbertt, Senior Staff Accountant, at (202) 551-3572 or Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 if you have questions regarding comments on the financial statements and related matters. Please contact Matthew Crispino, Staff Attorney, at (202) 551-3456 or Joshua Shainess, Legal Branch Chief, at (202) 551-7951 with any other questions. Sincerely, Division of Corporation Finance Office of Technology Mini Krishnamoorthy KludeIn I Acquisition Corp. FirstName November 21, LastNameMini 2022 Krishnamoorthy Comapany Page 3 NameKludeIn I Acquisition Corp. November 21, 2022 Page 3 cc: Benjamin S. Reichel FirstName LastName