Roadzen inc. announces pricing of public offering

New york, dec. 15, 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 pricing of an underwritten public offering of 2,000,000 ordinary shares (or pre-funded warrants ("pre-funded warrants") in lieu thereof) at a public offering price of $1.25 per share (inclusive of the pre-funded warrant exercise price), for gross proceeds of $2,500,000, before deducting underwriting discounts, commissions and offering expenses. all of the ordinary shares (and/or pre-funded warrants) are being offered by the company. in addition, the company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares (and/or pre-funded warrants) at the public offering price less discounts and commissions, to cover over-allotments. the offering is expected to close on december 17, 2024, subject to satisfaction of customary closing conditions.
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