Vahanna secures forward purchase & PIPE agreements with Meteora for up to 5M shares in de-SPAC merger

Roadzen Inc.

Meteora entities to purchase up to 5M shares via Forward Purchase Agreement at closing, with minimum 3.5M recycled shares.
Prepayment from trust account at estimated $10.73 per share; PIPE subscription for up to 5M shares at $10.00 per share.
Seller waives redemption rights on recycled shares, potentially reducing redemptions in the business combination with Roadzen.
Trust per-share redemption value estimated at $10.73 as of Aug 23, 2023; Registration Statement on Form S-4 declared effective.

item 1.01 item 3.02 item 8.01 item 9.01

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 Merger Agreement with Roadzen, Inc. and Vahanna Merger Sub Corp. (effective 2023-02-10).

Action: entry
Agreement: merger
Counterparty: Roadzen, Inc. and Vahanna Merger Sub Corp.
Effective: 2023-02-10

Exact text from the filing

on February 10, 2023, Vahanna Tech Edge Acquisition I Corp., a BVI business company (“Vahanna” or the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among Vahanna, Vahanna Merger Sub Corp., a Delaware corporation and direct, wholly owned subsidiary of Vahanna (“Merger Sub”), and Roadzen, Inc., a Delaware corporation (“Roadzen”).

View on SEC.gov

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

Roadzen Inc. entered into Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC (effective 2023-08-25).

Action: entry
Agreement: equity purchase
Counterparty: Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC
Effective: 2023-08-25

Exact text from the filing

On August 25, 2023, Vahanna entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward Transactions.

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Roadzen Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-220827

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