---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-041340"
form_type: "8-K"
ticker: "RDZN"
cik: "0001868640"
company_name: "Roadzen Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:28:25.003294+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Roadzen issues up to $4M in senior secured notes at 17.5% to directors

## Summary
- First closing of $1M in notes ($500K each) from director Supurna VedBrat and Krishnan-Shah Family Partners LP; each may buy another $500K.
- Notes bear 17.5% interest, rising to 19.5% after 6 months and up to 29.5% if unpaid; maturity 6 months from funding.
- Warrants issued: 1,000 ordinary shares per $10,000 principal, exercise price at 80% of the lower of VWAP benchmarks.
- Notes are senior secured with second priority behind Mizuho's existing liens; company must grant perfected security interests.
- Company may sell up to $2M additional notes to other purchasers; registration rights agreement to be entered within 30 days.

## SEC filing metadata
- accession: 0000950170-24-041340
- form_type: 8-K
- ticker: RDZN
- cik: 0001868640
- company_name: Roadzen Inc.
- filed_at: 2024-04-04T23:59:59+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/1868640/000095017024041340/0000950170-24-041340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868640/000095017024041340/rdzn-20240328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-041340
- JSON: https://secwatch.observer/filing/0000950170-24-041340.json
- Plain text: https://secwatch.observer/filing/0000950170-24-041340.txt

## Key facts
- Material Agreements
  Roadzen Inc. entered into Securities Purchase Agreement with Supurna VedBrat and Krishnan-Shah Family Partners, LP valued at up to $2 million (effective 2024-03-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Supurna VedBrat and Krishnan-Shah Family Partners, LP
  - Value: up to $2 million
  - Effective: 2024-03-28
  source text: On March 28, 2024, Roadzen Inc. (the “Company”) entered into a Securities Purchase Agreement (the “SPA”) with Supurna VedBrat and Krishnan-Shah Family Partners, LP (together, the “Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868640/000095017024041340/0000950170-24-041340-index.htm

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