Roadzen Inc. prices public offering of 2 million shares at $1.25 each

From GlobeNewswire: 2024-12-15 22:30:00

Roadzen Inc. (Nasdaq: RDZN) announces the pricing of a public offering of 2,000,000 ordinary shares at $1.25 per share, totaling $2,500,000 in gross proceeds. The offering is expected to close on December 17, 2024, with an option for additional shares. The company plans to use the net proceeds for sales, marketing, research, development, and general corporate purposes, including debt repayment. ThinkEquity is the sole book-running manager for the offering. The securities will be offered under a shelf registration statement on Form S-3. Roadzen is a global technology company focused on AI in auto insurance, headquartered in Burlingame, California.



Read more at GlobeNewswire: Roadzen Inc. Announces Pricing of Public Offering