Roadzen Inc. Announces Closing of Public Offering
Roadzen, Inc. - Ordinary Shares (RDZN)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced the closing of its previously announced underwritten public offering of 2,300,000 ordinary shares (or pre-funded warrants (("Pre-funded Warrants")) in lieu thereof), including 300,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares (the “Offering”) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,875,000, before deducting underwriting discounts, commissions and Offering expenses. All of the ordinary shares (and/or Pre-funded Warrants) were sold by the Company. The Company intends to use the net proceeds from the Offering primarily for costs directly related to sales and marketing, for research and development, working capital and general corporate purposes, including personnel costs,
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RDZN
News
- Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety [Yahoo! Finance]Yahoo! Finance
- Roadzen’s drivebuddyAI Partners with Bosch to Advance AI-Driven Road SafetyGlobeNewswire
- Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India [Yahoo! Finance]Yahoo! Finance
- Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in IndiaGlobeNewswire
- Roadzen Inc. Announces Pricing of Public Offering [Yahoo! Finance]Yahoo! Finance
RDZN
Sec Filings
- 12/17/24 - Form 8-K
- 12/16/24 - Form 424B5
- 12/13/24 - Form 424B5
- RDZN's page on the SEC website