Roadzen files lawsuit against Meteora for breach of FPA claiming $19.5M in damages

Roadzen Inc.

Filed April 17, 2025 in Palm Beach County, FL; press release issued April 21.
Alleges Meteora sold over 1.8M shares without honoring payment obligations under August 2023 FPA.
FPA provided Meteora 5M shares at zero-cost basis; Roadzen seeks approx $19.5M plus additional damages.
Meteora claims it owes only $914,726.53; Roadzen rejected that amount citing broader breach.

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