---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-000447"
form_type: "8-K"
ticker: "RDZN"
cik: "0001868640"
company_name: "Roadzen Inc."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T18:56:49.776087+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Roadzen swaps $3.5M liabilities for 1.23M shares issued to related parties Marco Polo and Avacara

## Summary
- Issued 892,857 shares to Marco Polo (Chairman Steven Carlson's firm) and 335,000 shares to Avacara (CEO Rohan Malhotra's firm) to cancel ~$3.5M in debts.
- Shares priced at $2.80 per share, based on exchange amount divided by $2.80.
- Nine-month lock-up with phased release: 30% after 91 days, 30% after 181 days, remainder after nine months.
- Piggyback registration rights granted; one demand registration right if shares not registered within 90 days of closing.
- Transaction was previously disclosed via binding term sheets on July 18, 2024; closing occurred December 27, 2024.

## SEC filing metadata
- accession: 0000950170-25-000447
- form_type: 8-K
- ticker: RDZN
- cik: 0001868640
- company_name: Roadzen Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868640/000095017025000447/0000950170-25-000447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868640/000095017025000447/rdzn-20241227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-000447
- JSON: https://secwatch.observer/filing/0000950170-25-000447.json
- Plain text: https://secwatch.observer/filing/0000950170-25-000447.txt

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