secwatch.observer — SEC 8-K summary
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Issuer:     Roadzen Inc. (RDZN)
CIK:        0001868640
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000950170-24-006964
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868640/000095017024006964/0000950170-24-006964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868640/000095017024006964/rdzn-20240119.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-006964

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer