Roadzen Inc. (RDZN): debt financing — 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.

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 up to an aggregate principal amount of $2,300,000 with an institutional investor at 16% per annum (increasing to 18% per annum upon the occurrence and during the co maturing one year from the date of issuance.

Instrument: convertible notes
Principal: up to an aggregate principal amount of $2,300,000
Counterparty: an institutional investor
Rate: 16% per annum (increasing to 18% per annum upon the occurrence and during the co
Maturity: one year from the date of issuance
Event: incurrence

Exact text from the filing

On March 31, 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 $2,300,000 (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 0001641172-25-002155

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