Roadzen inc. announces closing of public offering

New york, dec. 17, 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 closing of its previously announced underwritten public offering of 2,300,000 ordinary shares (or pre-funded warrants (("pre-funded warrants")) in lieu thereof), including 300,000 shares sold upon full exercise of the underwriter's option to purchase additional shares (the “offering”) at a public offering price of $1.25 per share (inclusive of the pre-funded warrant exercise price), for gross proceeds of $2,875,000, before deducting underwriting discounts, commissions and offering expenses. all of the ordinary shares (and/or pre-funded warrants) were sold by the company.
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