secwatch.observer — SEC 8-K summary
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Issuer:     Roadzen Inc. (RDZN)
CIK:        0001868640
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000950170-24-049292
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Roadzen issues warrants for 100K ordinary shares tied to $2M notes with directors
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- On April 22, 2024, Roadzen issued warrants to purchase 50,000 ordinary shares to Krishnan-Shah Family Partners, LP (director-affiliated) under the previously reported SPA for $2M senior secured notes.
- Roadzen expects to issue warrants for 50,000 ordinary shares to director Supurna VedBrat in the near future, totaling 100,000 potential shares.
- The warrants vest on March 28, 2025 (or earlier) and expire March 28, 2031; exercise price equals 80% of the lower of certain VWAP and offering price metrics.
- Warrants were issued in a private placement exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868640/000095017024049292/0000950170-24-049292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868640/000095017024049292/rdzn-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-049292

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