Vahanna Tech Edge Acquisition I Corp. closes upsized $200.1M IPO; trust account funded with $204.1M

Roadzen Inc.

Closed IPO of 20,010,000 units at $10.00/unit, generating $200.1M gross proceeds; includes full over-allotment exercise of 2,610,000 units.
Private placement of 8,638,500 warrants to sponsor for $8.64M; 150,000 representative shares sold for $0.5M in concurrent private sales.
Trust account holds $204.1M from IPO proceeds ($196.62M net) and private placement ($7.48M), reserved for initial business combination.
Appointed Ajay Shah and Diane Glossman to board; audit and compensation committees formed with independent directors.
SPAC will focus on companies with strong India connection, targeting tech opportunities in India, Americas, and Europe.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Diane B. Glossman

Director

RDZN · Roadzen Inc.

Effective: 2021-11-22
Filed: November 29, 2021, 6:59 PM ET

In connection with the IPO, on November 22, 2021, Ajay Shah and Diane B. Glossman (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).

Appointed

Ajay Shah

Director

RDZN · Roadzen Inc.

Effective: 2021-11-22
Filed: November 29, 2021, 6:59 PM ET

In connection with the IPO, on November 22, 2021, Ajay Shah and Diane B. Glossman (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Diane B. Glossman was appointed as Director at Roadzen Inc..

Action: appointed
Role: Director

Exact text from the filing

In connection with the IPO, on November 22, 2021, Ajay Shah and Diane B. Glossman (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Shah was appointed as Director at Roadzen Inc..

Action: appointed
Role: Director

Exact text from the filing

In connection with the IPO, on November 22, 2021, Ajay Shah and Diane B. Glossman (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”).

View on SEC.gov

Roadzen Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-342437

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