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KludeIn I Acquisition Corp. Announces Closing of $172,500,000 Initial Public Offering

Berkeley, CA, Jan. 11, 2021 (GLOBE NEWSWIRE) -- KludeIn I Acquisition Corp. (the a??Companya??) today announced the closing of its initial public offering of 17,250,000 units atA $10.00A per unit, including 2,250,000 units sold upon exercise of the underwritersa?? over-allotment option in full. The units are listed on the Nasdaq Stock Market and trade under the ticker symbol a??INKAUa??.Each unit consists of one share of the Companya??s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Companya??s Class A common stock at a price ofA $11.50A per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the Nasdaq Stock Market under the symbols a??INKAa?? and a??INKAW,a?? respectively. The Company is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company is led byA Narayan Ramachandran, Chief Executive Officer and Sriram Raghavan, Co-President. BTIG, LLC acted as sole book-running manager and I-Bankers Securities, Inc. acted as co-manager of the offering. The initial public offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from BTIG, LLC, 65 East 55th Street, New York, NY 10022, or by e-mail at equitycapitalmarkets@btig.com.
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