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Roadzen Announces Pricing of $8 Million Registered Direct Offering of Ordinary Shares

RDZN
  • Roadzen Inc. (NASDAQ: RDZN) entered a securities purchase agreement to sell 4,705,870 ordinary shares at $1.70 per share via a registered direct offering.
  • Gross proceeds from the Offering are estimated at approximately $8.0 million before deducting placement agent fees & other offering expenses.
  • The offering is expected to close on or about May 5, 2026, subject to customary closing conditions.
  • Maxim Group LLC is acting as the sole placement agent for the transaction.
  • The securities are offered pursuant to a Form S-3 shelf registration statement declared effective by the SEC on November 12, 2024.
  • Roadzen is a global leader in AI at the convergence of insurance & mobility, employing more than 300 people across offices in the U.S., U.K., & India.