Roadzen raises $2M via 16% junior convertible notes due 2026; conversion price $2.00

Roadzen Inc.

Aggregate principal amount $2.3M sold at $2M gross; net proceeds ~$1.93M after fees.
Notes bear 16% interest (18% upon default), mature one year from issuance.
Quarterly payments of 25% of principal (less conversions) plus accrued interest.
Conversion price $2.00 per share, subject to anti-dilution adjustments.
ThinkEquity LLC acted as placement agent with 3.5% fee; notes redeemable at Company's option with make-whole.

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