Roadzen Inc. 8-K

What Happened

• Roadzen Inc. announced on May 4–5, 2026 that it completed a best-efforts registered offering. The Company entered into a Placement Agency Agreement with Maxim Group LLC and a Securities Purchase Agreement with purchasers. The Offering closed on May 5, 2026.
• The Company sold 4,705,870 ordinary shares at $1.70 per share for gross proceeds of $7,999,979 (before placement agent fees and offering expenses). The shares were offered under the Company’s Form S-3 registration statement (File No. 333-282966) and a prospectus supplement dated May 4, 2026.

Key Details

• Shares sold: 4,705,870 ordinary shares
• Price per share: $1.70
• Gross proceeds: $7,999,979 (before fees/expenses)
• Placement agent: Maxim Group LLC; fee = 6.0% of gross proceeds + $30,000 expense reimbursement
• Use of proceeds: working capital and general corporate purposes; may repay indebtedness
• Limited restriction: 20-day lock-up (through May 25, 2026) on issuing additional shares or filing certain registration statements, subject to exceptions
• Filed exhibits: Placement Agency Agreement, Purchase Agreement, legal opinion of Maples & Calder, and related press release

Why It Matters

• The offering provides Roadzen with near-term cash to fund operations and potentially reduce debt, which can support business continuity and growth plans. Investors should note the dilutive effect from newly issued shares and that placement agent fees and expenses will reduce net proceeds. The short 20-day restriction limits additional equity issuance in the immediate term but is temporary.