Roadzen prices $2.25 million registered direct offering at $1.30 per share

Roadzen Inc. (NASDAQ: RDZN) announced it has entered into a securities purchase agreement with an institutional investor for a registered direct offering of 1,730,769 ordinary shares at $1.30 per share.

The gross proceeds from the offering are expected to reach approximately $2.25 million before deducting placement agent fees and other offering expenses. The transaction is scheduled to close on or about July 29, 2025, subject to customary closing conditions.

Maxim Group LLC serves as the sole placement agent for the offering. The securities are being offered under a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on November 12, 2024.

Roadzen operates as a technology company focused on artificial intelligence applications in auto insurance. The company provides technology solutions to insurers, carmakers, fleets, dealerships and insurance agents for product development, insurance sales, claims processing and road safety improvements.

The company is headquartered in Burlingame, California, and employs 308 people across offices in the United States, United Kingdom and India.

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