secwatch.observer — SEC 8-K summary
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Issuer:     Roadzen Inc. (RDZN)
CIK:        0001868640
Form:       8-K
Filed at:   2025-01-02T23:59:59+00:00
Accession:  0000950170-25-000447
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868640/000095017025000447/0000950170-25-000447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868640/000095017025000447/rdzn-20241227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-000447

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