secwatch / observer
8-K filed June 30, 2023, 7:59 PM ET ticker RDZN CIK 0001868640
other material confidence high sentiment neutral materiality 0.30

Vahanna Tech Edge amends merger with Roadzen; reduces LTIP reserve to 10%

Roadzen Inc.

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. amended First Amendment to Agreement and Plan of Merger with Vahanna Tech Edge Acquisition I Corp. and Vahanna Merger Sub Corp. (effective 2023-06-29).

Action
amendment
Agreement
merger
Counterparty
Vahanna Tech Edge Acquisition I Corp. and Vahanna Merger Sub Corp.
Effective
2023-06-29
Exact text from the filing
On June 29, 2023, the Company, Merger Sub and Roadzen entered into a First Amendment to Agreement and Plan of Merger (the “Amendment”), pursuant to which the Merger Agreement was revised to update and clarify the terms of the New Roadzen 2023 Incentive Plan (the “LTIP”) and the New Roadzen 2023 Employee Stock Purchase Plan to be submitted for shareholder approval at the extraordinary general meeting, including reducing the number of shares to be initially reserved under the LTIP from 14% of the issued and outstanding shares of the combined company immediately following the closing of the business combination to 10%.
View on SEC.gov

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Roadzen Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-180023
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