secwatch.observer — SEC 8-K summary
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Issuer:     Roadzen Inc. (RDZN)
CIK:        0001868640
Form:       8-K/A
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001641172-25-002387
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01, 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Roadzen issues $2.3M convertible notes at 16% interest and $2.00 conversion price
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- Junior convertible notes for up to $2,300,000 principal; gross proceeds $2,000,000 before fees.
- Interest 16% p.a. (18% on default); maturity one year from April 1, 2025.
- Conversion price $2.00 per ordinary share; 4.99% beneficial ownership cap (adjustable to 9.99% after 61 days).
- Quarterly principal payments of 25% (less conversions) beginning 3 months after issuance.
- ThinkEquity LLC serves as placement agent with 3.5% fee on gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868640/000164117225002387/0001641172-25-002387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868640/000164117225002387/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002387

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer