<a href="https://laohu8.com/S/RDZN">Roadzen Inc.</a> Announces $5.6 Million Junior Convertible Notes Offering
Roadzen Inc. has announced a registered public offering of junior convertible notes with an aggregate principal amount of up to $5,555,555. The notes will be sold for a gross purchase price of $5,000,000 before fees and other expenses. These notes mature 18 months from the date of issuance and carry an interest rate of 14% per annum, which increases to 18% per annum upon an event of default. The initial conversion price is set at $2.25 per share, subject to customary adjustments. Quarterly payments of $925,000 of the principal amount, along with accrued but unpaid interest, are scheduled to begin three months after issuance. The closing of the offering is expected to occur on November 21, 2025, subject to customary closing conditions. The offering grants holders specific redemption and conversion rights in case of default and other defined transactions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Roadzen Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-024501), on November 20, 2025, and is solely responsible for the information contained therein.
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