Corporate ActionMay 4, 2026, 03:31 PM
Roadzen to raise $8.0M in registered direct offering
AI Summary
Roadzen Inc. announced it has entered into a securities purchase agreement with institutional investors for a registered direct offering. The company will sell 4,705,870 ordinary shares at an offering price of $1.70 per share, expecting to raise approximately $8.0 million in gross proceeds. The offering is anticipated to close on or about May 5, 2026, subject to customary closing conditions.
Key Highlights
- Roadzen Inc. entered into a securities purchase agreement with institutional investors.
- The company will sell 4,705,870 ordinary shares.
- The offering price is $1.70 per share.
- The registered direct offering is expected to generate approximately $8.0 million in gross proceeds.
- The offering is anticipated to close on or about May 5, 2026.
- Maxim Group LLC is acting as the sole placement agent for the offering.
Price Impact
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