secwatch.observer — SEC 8-K summary
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Issuer:     Roadzen Inc. (RDZN)
CIK:        0001868640
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0001193125-23-242523
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 5.06, 3.02, 4.01, 9.01, 3.03, 5.01, 5.02, 5.03, 5.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Roadzen closes business combination with Vahanna; 68.4M shares outstanding
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- 7,524,747 Vahanna shares redeemed at $10.76/share ($81.0M); remaining trust $26,824 released.
- Post-combination shares outstanding: 68,440,829; trading on Nasdaq under RDZN & RDZNW since Sep 21.
- Lock-up agreements with pre-Closing Roadzen holders until $12.00 for 20/30 days after 150 days.
- Mizuho $7.5M senior secured notes at 15% interest; warrants for 2.5% fully diluted if unpaid after 6 months.
- Forward purchase agreement with Meteora for up to 5M shares; 702,255 shares issued under FPA PIPE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868640/000119312523242523/0001193125-23-242523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868640/000119312523242523/d537808d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-242523

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