Vahanna Tech Edge SPAC enters definitive merger agreement with Roadzen, Inc.

Roadzen Inc.

Roadzen stockholders to receive 68.3M ordinary shares of combined company; SPAC to rename to Roadzen Inc.
Deal requires minimum $50M cash available after redemptions; subject to HSR and shareholder approvals.
Sponsor Vahanna LLC agrees to vote in favor; majority Roadzen holders sign support agreement.
Lock-up: 1-year for ≥5% holders, 6-month for <5% (can sell 25% after 6 months).
Company to domesticate from BVI to Delaware before close.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Roadzen Inc. entered into Agreement and Plan of Merger with Vahanna Tech Edge Acquisition I Corp., Vahanna Merger Sub Corp., Roadzen, Inc. (effective 2023-02-10).

Action: entry
Agreement: merger
Counterparty: Vahanna Tech Edge Acquisition I Corp., Vahanna Merger Sub Corp., Roadzen, Inc.
Effective: 2023-02-10

Exact text from the filing

On February 10, 2023, Vahanna Tech Edge Acquisition I Corp., a British Virgin Islands business company (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Vahanna Merger Sub Corp., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger Sub”), and Roadzen, Inc., a Delaware corporation (“Roadzen”).

View on SEC.gov

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Roadzen Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-039456

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