# EDGAR Filing Document

**Accession Number:** 0002054696
**File Stem:** 0000000000-25-007667
**Filing Date:** 2025-7
**Character Count:** 7816
**Document Hash:** c493206b9e093adf5d8812f601326808
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007667.hdr.sgml**: 20250905

**ACCESSION NUMBER**: 0000000000-25-007667

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250721

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NIQ Global Intelligence plc
- **CENTRAL INDEX KEY:** 0002054696
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** L2
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-07723

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST JACKSON BOULEVARD
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-583-5100

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST JACKSON BOULEVARD
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NIQ Global Intelligence Ltd
- **DATE OF NAME CHANGE:** 20250203
**PUBLIC REFERENCE ACCESSION NUMBER**: 0000950123-25-001789

## Text-Extract

```

                                                            July 21, 2025

James Peck
Chief Executive Officer
NIQ Global Intelligence Limited
200 West Jackson Boulevard
Chicago, IL 60606

       Re: NIQ Global Intelligence Limited
           Amendment No. 1 to Registration Statement on Form S-1
           Filed July 14, 2025
           File No. 333-288376
Dear James Peck:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies 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 this letter, we may have additional comments.

Amendment No. 1 to Registration Statement on Form S-1
Summary Historical Consolidated Financial Data
Recent Developments, page 30

1.     Please revise your bullet pointed list on page 31 to include your
preliminary estimate
       of net loss attributable to NIQ for the three months ended June 30,
2025. This bullet
       point should appear before your Adjusted EBITDA estimate for the same
period.
       Refer to Item 10(e)(1)(i)(A) of Regulation S-K.
2.     Please revise your discussion of footnote 5 on page 32 to explain the
specific
       reason(s) for $57 million in estimated foreign currency exchange gains
for the three
       months ended June 30, 2025. We note that this adjustment was minimal
during the
       three months ended June 30, 2024.
 July 21, 2025
Page 2
Capitalization, page 75

3.     Please revise to include a pro forma column that gives effect to the
Reorganization,
       separate from the offering. The pro forma financial information provided
should be
       presented in a manner consistent with Article 11 of Regulation S-X.
4.     In footnote 2 on page 76, you indicate that the capitalization table
does not reflect any
       repayment of borrowings with proceeds from the offering. However, we
note that the
       revolver line item reflects a zero balance in the "as adjusted" column
as of March 31,
       2025. Please refer to Rule 11-02(b)(8) and advise or revise accordingly.
5.     Please revise footnotes 3 and 4 to provide a more fulsome description of
the
       adjustments to recognize a Warrant Liability and Phantom Liability. Your
revised
       disclosures should explain how these amounts were calculated and how
they are
       directly related to the offering. As a related matter, please tell us
how you determined
       that no liability was needed for phantom awards and the warrant
agreement for
       periods prior to the offering.
Supplemental Unaudited Pro Forma Combined Financial Information, page 102

6.     Regarding the Reorganization, we note on page 213 that prior to the
completion of
       this offering your authorized share capital will be $15,000 and
25,000, divided into
       1,500,000,000 ordinary shares with a nominal value of $0.00001 per
share,
       150,000,000 Preferred Shares with a nominal value of $0.00001 per share
and 25,000
       Euro deferred shares with a nominal value of    1.00 per share. Since it
appears this
       reorganization will materially impact stockholders' equity and EPS
related disclosures,
       please provide pro forma financial statements prepared in accordance
with Article 11
       of Regulation S-X, pursuant to Rule 11-01(a)(8) of Regulation S-X. Also,
clearly
       disclose within the pro forma information, and elsewhere where you
disclose the
       reorganization, the share split ratio the will be effected as part of
the Reorganization.
Management's Discussion and Analysis
Liquidity and Capital Resources, page 128

7.     We note the adjustment in your capitalization table on page 75 for
warrant and
       phantom liabilities totaling nearly $114 million. Please revise your
MD&A here or
       elsewhere as applicable to address how the warrant agreement and phantom
awards
       are reasonably expected to impact your cash obligations and results of
operations in
       future periods.
Consolidated Financial Statements, page F-1

8.     We note the registrant has been incorporated since June 6, 2017 and it
has had "no
       business transactions or activities to date." Since NIQ Global
Intelligence
       plc will succeed to a business for which financial statements are
required to be
       included in this filing, please include the financial statements of the
registrant.
9.     Please explain to us why, prior to the reorganization, you report in the
Intermediate
       Dutch Holdings B.V. Consolidated Statements of Operations "Net loss
attributable to
       NIQ" and in the Intermediate Dutch Holdings B.V. Consolidated Balance
Sheets you
       report "Total NIQ stockholders    equity."
 July 21, 2025
Page 3

Note 16. Share-Based Compensation, page F-46

10.    Please provide a summary of share-based awards granted since January 1,
2024.
       Provide the date and amount of each share-based award granted along with
estimated
       fair value of the underlying shares of common stock. Reconcile and
explain the
       differences between the fair values determined on each grant date
including the
       difference between the most recent grant date fair value and the
midpoint of your
       offering range. This reconciliation should describe significant
intervening events
       within the company and changes in assumptions with the valuation
methodologies
       employed that explain the changes in fair value of your common stock up
to the filing
       of the registration statement.
General

11.    We note that the reorganization will not be completed until after
effectiveness. With a
       view to disclosure, please advise us of the timing of the steps of the
reorganization
       and confirm whether the reorganization is a condition to closing the
offering.
        Please contact Lisa Etheredge at 202-551-3424 or Robert Littlepage at
202-551-3361
if you have questions regarding comments on the financial statements and
related
matters. Please contact Marion Graham at 202-551-6521 or Jan Woo at
202-551-3453 with
any other questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Technology
cc:   Thomas Fraser

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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