---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-006964"
form_type: "8-K"
ticker: "RDZN"
cik: "0001868640"
company_name: "Roadzen Inc."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:29:21.126369+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Roadzen issues $500K convertible debenture to director; part of $50M private placement

## Summary
- Issued $500,000 convertible debenture to director Supurna VedBrat on January 19, 2024.
- Debenture carries 13% annual interest, payable in kind or cash, maturing December 15, 2025.
- Conversion price initially $10.00 per share, adjustable based on 30-day VWAP with 85% floor.
- Company may force conversion if stock closes above 130% of conversion price for 20 of 30 trading days.
- Issued under Securities Purchase Agreement for up to $50M; warrants for 10% of principal at $8.50 per share.

## SEC filing metadata
- accession: 0000950170-24-006964
- form_type: 8-K
- ticker: RDZN
- cik: 0001868640
- company_name: Roadzen Inc.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868640/000095017024006964/0000950170-24-006964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868640/000095017024006964/rdzn-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-006964
- JSON: https://secwatch.observer/filing/0000950170-24-006964.json
- Plain text: https://secwatch.observer/filing/0000950170-24-006964.txt

## Key facts
- Debt Financings
  Roadzen Inc. incurred convertible notes of $500,000 with Supurna VedBrat at 13% per annum maturing December 15, 2025.
  - Instrument: convertible notes
  - Principal: $500,000
  - Counterparty: Supurna VedBrat
  - Rate: 13% per annum
  - Maturity: December 15, 2025
  - Event: incurrence
  source text: On January 19, 2024, Roadzen Inc. (the “Company”) issued a convertible debenture in the principal amount of $500,000 to Supurna VedBrat (the “VedBrat Debenture”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868640/000095017024006964/0000950170-24-006964-index.htm
- Debt Financings
  Roadzen Inc. incurred convertible notes of $50 million with the Investors at 13% per annum maturing December 15, 2025.
  - Instrument: convertible notes
  - Principal: $50 million
  - Counterparty: the Investors
  - Rate: 13% per annum
  - Maturity: December 15, 2025
  - Event: incurrence
  source text: the Company may issue and sell an aggregate of up to $50 million in principal amount of convertible debentures (collectively, including the VedBrat Debenture, the “Debentures”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868640/000095017024006964/0000950170-24-006964-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.