IPO - Roadzen Inc.

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Ipo

Type: New

Accession Number: 000149315225000996

Filing Summary: On January 2, 2025, Roadzen Inc. entered into a placement agency agreement with ThinkEquity LLC. The agreement involved the issuance and sale of 2,222,300 ordinary shares at an offering price of $2.25 per share, resulting in gross proceeds of $5,000,175. The offering closed on January 6, 2025. The proceeds will be used for sales and marketing, research and development, working capital, and repayment of indebtedness. Additionally, the Company issued warrants to the Placement Agent for purchasing 111,115 ordinary shares at an exercise price of $2.8125, which are exercisable starting July 2, 2025. The Agency Agreement includes customary indemnifications and restrictions for 30 days following its execution. Press releases regarding the pricing and closing of the offering were issued on January 3 and January 6, 2025, respectively.

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