Roadzen’s Insiders and Major Shareholders Agree to Extend Lock-Up for an Additional Year
Roadzen, Inc. - Ordinary Shares (RDZN)
Company Research
Source: GlobeNewswire
NEW YORK, Sept. 24, 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 that all its major shareholders known to own more than 5% of the Company’s common stock, holders of a majority of its shares held by other shareholders and all company insiders have agreed to extend their lock-up agreements by another twelve months, to September 20, 2025. This represents shareholders owning over 56 million shares that were originally scheduled to be released from lock-up on September 20, 2024, pursuant to the lock-up agreements entered into in connection with the Company’s initial business combination. "We are grateful for the continued support of our shareholders. This extension allows us time to build our fundamental business, which remains tremendously exciting. Roadzen is among a handful of publicly traded, AI-first technology companies that have delivered more than $50 million
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News
- Roadzen, Inc. (NASDAQ:RDZN) Just Reported, And Analysts Assigned A US$5.00 Price Target [Yahoo! Finance]Yahoo! Finance
- Roadzen, Inc. (NASDAQ: RDZN) had its price target lowered by analysts at Maxim Group from $7.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Roadzen Reports Fiscal Second Quarter and First Half FY2025 Financial Results [Yahoo! Finance]Yahoo! Finance
- Roadzen Reports Fiscal Second Quarter and First Half FY2025 Financial ResultsGlobeNewswire
- Roadzen Unveils MixtapeAI: Next-Generation AI Agents for the Insurance Industry [Yahoo! Finance]Yahoo! Finance
RDZN
Sec Filings
- 11/21/24 - Form 4
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- RDZN's page on the SEC website