Roadzen issues up to $5.56M in junior convertible notes at 14% interest

Roadzen Inc.

Notes: $5,555,555 principal, sold at $5M gross; mature in 18 months; 14% interest (18% on default).
$925,000 quarterly principal payments plus accrued interest begin 3 months after issuance.
Convertible at $2.25/share, subject to adjustment; beneficial ownership cap at 4.99% (can increase to 9.99% after 61 days).
Company can redeem notes at any time with Make Whole Amount; holders can require redemption from 25% of net proceeds of subsequent placements.
Maxim Group LLC as placement agent receives 3.5% fee; offering under effective S-3 shelf registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Roadzen Inc. incurred convertible notes of $5,555,555 with an institutional investor at 14% per annum (increasing to 18% per annum upon the occurrence and during the co maturing 18 months from the date of issuance.

Instrument: convertible notes
Principal: $5,555,555
Counterparty: an institutional investor
Rate: 14% per annum (increasing to 18% per annum upon the occurrence and during the co
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

On November 20, 2025, Roadzen Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”) under which the Company agreed to issue and sell, in a registered public offering, junior convertible notes (each, a “Note” and collectively, the “Notes”) for up to an aggregate principal amount of $5,555,555 (the “Notes”) that may be convertible into the Company’s ordinary shares, par value of $0.0001 per share (the “Ordinary Shares”).

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Roadzen Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-024501

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