Roadzen amends forward purchase agreement with Meteora to allow up to $5M additional prepayment shortfall

Roadzen Inc.

Amendment permits Roadzen to request up to $5M in $500k increments from Meteora, subject to 117% recovery condition and VWAP threshold.
Meteora may now sell Recycled Shares at any time without Early Termination Obligation until proceeds equal 117% (previously 100%) of Prepayment Shortfall.
Each Additional Shortfall Request requires prior recovery of 117% and VWAP times shares at least 7x the request amount.
All other terms of the August 2023 Forward Purchase Agreement remain unchanged; amendment governed by New York law.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Roadzen Inc. amended Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC (effective 2024-01-30).

Action: amendment
Agreement: equity purchase
Counterparty: Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC
Effective: 2024-01-30

Exact text from the filing

On January 30, 2024, the Company and the Seller entered into an amendment to the Forward Purchase Agreement (the "Amendment").

View on SEC.gov

Browse all material agreements →

Roadzen Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-011022

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.