Teemo

Near Intelligence successfully completes its Chapter 11 restructuring, shedding debt and emerging as a leaner, more focused entity. New equity is issued, and the company, now valued at a modest $50 million (a 5000x increase from its current near-zero common stock valuation), shows early signs of profitability and attracts new strategic investment, but prior equity holders still face significant losses from original grant prices.

Near Intelligence's restructuring is prolonged and complex, with significant dilution for existing equity holders. The company eventually emerges from bankruptcy, but its common stock remains highly distressed, trading at a fraction of its pre-bankruptcy value, resulting in a 50% loss from its current near-zero valuation for common stock.

Near Intelligence's Chapter 11 bankruptcy results in the complete wipeout of common equity. Senior creditors and venture debt holders (Blue Torch Capital) take control, and the job seeker's equity (RSUs or options) becomes entirely worthless, reflecting the typical outcome for common shareholders in a Chapter 11 liquidation or reorganization.